Micropayments, Tink becomes Pay-by-Bank partner in Europe

Payment processor based in Berlin micropayment We are partnering with Tinkis a payment service and data enrichment platform that enables European-based retailers to offer bank payments at checkout.

Wednesday (March 20) said Micropayments works with merchants in a variety of industries, including fundraising, nonprofits, digital services, gaming, and entertainment. news release. The company primarily operates in Germany, Austria, and Switzerland, also known as the DACH region.

Tink is a wholly owned subsidiary of Visa and provides payments, banking and lending solutions, according to the release.

According to the release, Micropayments is introducing Tink’s bank payment product for merchant checkout, with the goal of increasing adoption of this payment method across Europe. This partnership allows micropayment merchants to offer bank payments across his DACH region.

“The DACH region is an important market for us, and Tink’s dedication to serving sellers in a variety of industries is invaluable.” thomas northMicropayments’ Chief Commercial Officer said in a statement: “Their payment methods provide the speed, reliability, and security that consumers expect, creating a seamless experience for both merchants and consumers. We are pleased to be working with Tink and look forward to working with Tink. We look forward to a successful partnership.”

Thomas GmelchTink’s DACH Payments Director spoke about the benefits of the partnership.

“The DACH region presents a huge opportunity for Pay by Bank to drive tangible change for merchants serving all types of industries. We are gaining momentum in a competitive environment by providing merchants with a payment method that delivers everything consumers expect: security, speed, reliability and convenience.”

This partnership looks like this: more consumers There is a shift towards bank payments.

According to research by PYMNTS Intelligence, 36% of U.S. consumers prefer this payment method.Tracking digital payment takeovers: Consumer familiarity controls the growth of cross-account payments”

According to the study, convenience also increases consumer satisfaction, especially in peer-to-peer (P2P) use cases. Additionally, consumers cite its simplicity and ease of use as reasons why they prefer this payment method. Additionally, security-conscious users say it reduces the risk of fraud by allowing them to avoid sharing sensitive financial information.