back Back

Tink, Adyen, & Recharge partner to introduce Pay by Bank in Germany

By Gloria Methri

January 28, 2025

  • Adyen
  • Europe
  • FinTech
Share

Adyen, Tink, Recharge, Tap to Pay, Prepaid Payments, Pay by Bank, Payments solutions, Payments Technology, Germany, Retailer Brands, Domestic Payments eCommerce Payments, Europe, SMB, Small and Medium Businesses, Finance News Funding Platform SMB PlatformTink, a Visa solution, and Adyen have teamed up with Recharge, a global prepaid payments platform, to provide their customers in Germany the option to Pay by Bank when checking out.

Pay by Bank is the commonly used term for the open banking-powered payment method that allows consumers to quickly transfer money directly from one bank account to another.

Initially, Recharge will offer Pay by Bank on Guthaben.de, one of their flagship websites for the German market. Customers of Guthaben.de can now select Pay by Bank as an easy, secure payment method when buying vouchers.

Günther Vogelpoel, CEO at Recharge, said, “We pride ourselves on ensuring consumers are in the driving seat when it comes to how they choose to pay for brands and services. Bringing Pay by Bank to our platform with Tink and Adyen, starting with our German customers on Guthaben.de, supports those who value security, speed, and convenience in their payment experience.”

The Pay by Bank payment method is facilitated by the partnership between Tink, a market leader in open banking payments, and Adyen, a financial technology platform for leading companies that provides end-to-end payment capabilities, data-driven insights, and financial products in a single global solution.

Thomas Gmelch, Payments Director DACH at Tink, said, “The appetite for Pay by Bank among merchants, especially those working with PSPs like Adyen, is really growing. At Tink we have seen recently that over 10,000 merchants have now chosen Pay by Bank via our PSP partnerships.”

Hella Fuhrmann, Country Manager DACH at Adyen, added, “Our ongoing partnership with Tink empowers us to introduce this new solution that lets customers make payments directly from their bank accounts. This innovation is designed to make payments easier and help our customers achieve their goals faster.”

Previous Article

January 28, 2025

Shanghai Commercial Bank & Planto to deliver SME Banking solutions

Read More
Next Article

January 28, 2025

KCB & Mastercard unveil Kenya’s first platinum multi-currency card

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 05, 2025

Tap, pay, spend: How digital payments are surging in Southeast Asia & India

Read More

February 05, 2025

Al Fardan Exchange, Visa launch real-time global remittance service

Read More

February 05, 2025

PRECISION and FinMont partner to combat payment fraud in travel

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More