PostNord Strålfors and Tink enter open banking payments partnership

By Joy Dumasia

PostNord Strålfors, the market-leading player in Customer Communication Management and the largest distributor of invoices in the Nordic region, has chosen Tink, Europe’s leading open banking platform, as its open banking payments technology provider. 

PostNord Strålfors is part of PostNord Group, a leading provider of parcel and logistics services to, from, and within the Nordic region. Tink’s payment initiation technology will allow PostNord Strålfors to add cutting edge open banking powered payments to its Nordic omnichannel offering.  

With the new partnership, Strålfors and Tink will transform how invoices are paid and handled in the Nordics. The aim is to create a superior user experience by streamlining the payments process for consumers, reducing the time and effort it takes for people to stay on top of their finances. At the same time, it also ensures simplicity and cost efficiency for the company or invoice sender receiving the payment.  

Mattias Norén, Head of Strategy and Business Development at PostNord Strålfors, said: “We are very pleased with the new partnership with Tink, the leading player in open banking and A2A payments. Today, we handle hundreds of million invoices annually for our customers in the Nordic region. With open banking (PSD2), we see it as a natural development of our offer to now also be able to offer our customers simple, compliant and user-friendly payment solutions integrated in our already existing channels.” 

Tom Pope, Head of Payments and Platforms at Tink, added: “We are proud to be partnering with one of the market leaders in the Nordics to deliver a payments service that will be a touchpoint for millions of people and transform the way everyday bills and invoices are paid. We are at a tipping point for the mass adoption of open banking payments across Europe, and partnerships like this one with PostNord Strålfors is further proof of that fact.”

IBS Intelligence reported that Tink and subscription technology platform Youtility had entered a strategic partnership to provide UK retail banks with embedded subscription and money management tools.