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Payop partners with Tink to add Pay by Bank in Europe

By Gloria Methri

March 28, 2024

  • Europe
  • FinTech
  • International Payments
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Tink, PayOp, Pay By Bank, Merchant Checkouts, FinTech, EuropePayop, an international payment processor and aggregator, has partnered with Tink to add Pay by Bank to its checkout options. Payop works with various merchants, from small e-commerce stores to large enterprises, offering a unique checkout solution with numerous payment options.

Payop is already live with Tink’s Pay by Bank for merchant checkouts and has seen noteworthy growth. The companies are working together to promote and grow the adoption of this payment method across Europe. Pay by Bank is available for Payop merchants in France, Germany, the Netherlands, Spain, and the UK.

Pay by Bank is an online payment method that lets consumers purchase goods and services by initiating payments directly from their bank account to the seller’s account. This account-to-account payment method provides a secure and streamlined experience—at low cost—allowing merchants to differentiate themselves from the competition.

Anastasiia Semenkova, CEO at Payop, said, “Tink showed us the potential of open banking technology, providing secure payments that can be done in three clicks. The European market is very competitive. There are many payment options available in each country. However, once consumers try Pay by Bank, we find that they don’t go back to other methods. The increase in the adoption of Pay by Bank that we see at Payop would be impossible without a stable and reliable partner. Tink maintains a high-quality API and keeps adding new banks and countries to its coverage.”

Ian Morrin, Head of Payments and Platforms at Tink, added, “We have already seen impressive volume growth in our collaboration with Payop, and we are proud to support them in their Pay by Bank solution. Pay by Bank complements the current payments ecosystem. It’s not just about creating another choice of payment at checkout but offering consumers a payment method that has everything they may want and has come to expect—familiarity, speed, reliability, and convenience.”

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