PayPal and Tink expand partnership across Europe
PayPal is making a second strategic investment in Tink, and together, their commercial agreement is extending across all countries in the EEA, to leverage PSD2 and open banking opportunities, and continue the development of open banking technology.
PayPal makes second investment in Tink to continue expansion in open banking technology.
Together, their commercial agreement extends across Europe to include all EEA countries.
PayPal is implementing Tink's open banking and account aggregation services into user experiences.
PayPal's investment forms part of Tink's latest €90 million investment round, announced in January 2020.
Back in the summer of 2019, Tink and PayPal came together to expand open banking technology, with PayPal investing in Tink, and using our open banking tech.
Fast forward to now, and the commercial relationship is extending across Europe, to include all countries within the European Economic Area (EEA). PayPal is implementing Tink’s open banking and account aggregation services into some customer user experiences, to leverage the opportunities of PSD2 and open banking. This is supported by a second strategic investment in connection with Tink’s latest €90 million investment round, announced in January 2020.
'PayPal is one of the world’s leading fintech companies, serving more than 330 million consumers and merchants in more than 200 markets worldwide. So we are honoured to have been selected to help this global leader, and extend our relationship with them following this new agreement and strategic investment,' said Daniel Kjellén, co-founder and CEO of Tink. 'As Europe’s leading open banking platform, we're looking forward to continuing to support PayPal as it extends and enhances its services across the whole of Europe,' he added.
To be inspired by the services and user experiences that can be built or improved with Tink technology check out our solutions – or get in touch.
More in Tink news
2024-10-14
4 min read
How Northmill’s loan book performance is reaching new heights with Tink
As consumers choose lenders and financial services for hyper-personalised, intuitive and convenient UX, Northmill partners with Tink for an optimal customer experience – and boosts its loan book performance to boot.
Read more
2024-10-01
4 min read
Meet Merchant Information: providing bank customers with elevated transaction visibility
Tink has today launched Merchant Information, a solution of our Consumer Engagement offering which provides consumers with more detailed information about their transactions.
Read more
2024-09-04
2 min read
CTS EVENTIM adds Tink’s user-friendly Pay by Bank service to its checkout options – giving fans even more choice
Collaborating with Tink, a market-leading payment services and data enrichment platform, CTS EVENTIM has now added Pay by Bank to its checkout process.
Read more
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.
