SSP partners with Tink for open banking payments

SSP, which specialises in account-to-account payments with over 14,000 merchants in the continent, will use Tink’s payments technology to power its new ‘Pay by Bank’ option in multiple Eurozone countries including France, Germany, Italy, and Spain.

SSP merchants will be able to add Pay by Bank to its payment options in Europe in the coming weeks with the rollout already underway.

Eddy Combier, CEO of SSP, said, “Our partnership with Tink enables us to support our international expansion strategy and offer a consistent and high-performing payment experience across Europe.”

Tom Pope, SVP of Payments and Platforms at Tink, added, “This agreement is yet another sign of the progress Pay by Bank is making into European payments, spurred by merchant demand. We are excited to roll this partnership out in more countries and accelerate the adoption of open banking-powered payments.”

The partnership follows from news of a number of leading payment platforms in Europe working with Tink to offer Pay by Bank to merchants at scale. This means more and more consumers have the option of selecting Pay by Bank at checkout to make a quick, secure payment directly from their bank account. For merchants, this offer represents a simple, low-cost, and low-fraud payment method that complements their existing options.

Tink connects to more than 3,400 banks that reach over 250 million bank customers across Europe. Founded in 2012 in Stockholm, the company became a wholly owned subsidiary of Visa in 2022.