Menu

Kivra and Tink partner up to make it easier to pay bills and invoices

3 min read|Published April 14, 2020
Kivra

Kivra provides a digital mailbox to more than 3.7 million users in Sweden. Through the Kivra app, users can receive and process all their bills and important mail in one place, making life simpler while also sparing the environment. With over 2.5 million invoices to be settled every month, Kivra was looking for the most cost-effective and friction-free way to enable these payments, and now they’re partnering with Tink to make it easier to settle invoices with just a few clicks.

TL;DR – Quick summary
  • Kivra provides over 3.7 million Swedish customers with a digital mailbox that lets them gather all their bills and important mail in one app.

  • Kivra already had an invoice payment solution (based on direct debit), but it took a long time and created a lot of administrative work.

  • Now, Kivra is partnering with Tink and using payment initiation to simplify the process – for their customers, and their business.

TL;DR – Quick summary
  • Kivra provides over 3.7 million Swedish customers with a digital mailbox that lets them gather all their bills and important mail in one app.

  • Kivra already had an invoice payment solution (based on direct debit), but it took a long time and created a lot of administrative work.

  • Now, Kivra is partnering with Tink and using payment initiation to simplify the process – for their customers, and their business.

Kivra’s app already provides the possibility to pay invoices with a solution built on Autogiro (a Swedish direct debit), where customers would pay Kivra and they’d then send it to the recipient. But Autogiro isn’t the ideal setup for a number of reasons – it can take several days to complete, and Kivra is required to process the collection and distribution of funds from payers to the right recipients. This means friction for the users, and a big operational burden for Kivra.

Settling the tab, without the headache

Tink’s payment solution, building on PSD2, brings direct bank payments into existing digital customer journeys. How does it work? Kivra’s customers simply click to pay directly on the digital invoice, select the bank account they want to pay from and approve the payment – all within the Kivra app. 

And for Kivra this means that their users make their payments directly to the merchant or service provider, without Kivra needing to touch the money in between. Less hassle for both Kivra and their users, with more invoices getting paid on time.

Kivra

‘It is an important step in our ambition to improve the user experience to develop a payment solution through the opportunities made possible by PSD2. Using Tink as a provider for our new payment service became a natural choice as we explored the market. We look forward to starting this journey with Tink and making Kivra an even better service for our 3.7 million users’ said Anna Bäck, CEO at Kivra.

Reducing the complexity in payments

The Tink platform is connected to all of the major European banks, giving customers the opportunity to unlock the many benefits that open banking can bring.

Tink VP of Payments, Tomas Prochazka adds, ‘With Payment initiation our goal is a simple, future-proof, plug-and-play solution that enables our customers to keep the payment experience in their world and unlock new digital sales and onboarding opportunities. You could create these connections to all the banks and different markets yourself, but the complexity and years of effort you’d have to put in is too much. Instead, we reduce this complexity by offering one API that supports and maintains all banks and markets – regardless of how each bank handles payments and transactions.’

Tink’s payment initiation is already available in select markets. You can learn more about it on our website, or even try out a demo.

More in Tink news

PostNord Strålfors and Tink partnering for payments
2022-03-15 · 3 min read

PostNord Strålfors and Tink partnering for payments

Find out how PostNord Strålfors – the largest distributor of invoices in the Nordics – is transforming how invoices are paid. (Spoiler alert: it has to do with their new partnership with Tink.)

Tink news
An Post and Tink team up to simplify money management
2022-03-01 · 3 min read

An Post and Tink team up to simplify money management for Irish customers

An Post, Irish postal service provider, is partnering with Tink to give its customers the power to better manage their money. Using Tink’s open banking technology, An Post’s Money Manager app helps users improve their finances.

Tink news
Youtility and Tink partnering to simplify subscriptions and sustainability
2022-02-09 · 4 min read

Youtility and Tink partnering to simplify subscriptions and sustainability

Youtility and Tink are teaming up to help retail banks in the UK offer subscription and money management tools – with savings and sustainability in mind. Here’s more about the partnership, and how it’s addressing important consumer needs.

Tink news

Get started with Tink

Contact our team to learn more about what we can help you build – or create an account to get started right away.

Contact our team to learn more about our premium solutions or create a free account to get started right away.