Revolut and Tink partner for European payments
The global financial super app Revolut has entered into a strategic partnership with Tink to offer its European customers seamless payment solutions powered by open banking technology. Here’s how Revolut is hoping to improve its customers’ payment journeys with PIS.
Global financial super app Revolut helps its customers get more from their money to improve their financial health.
The app is partnering with Tink to offer customers seamless payment solutions powered by open banking.
This will streamline the payment journeys for millions of customers across Europe, and is an important step towards mass-market adoption of open banking powered payments.
Since its launch in 2015, Revolut’s aim has been to help its customers get more from their money. Today, more than 18 million customers around the world use their products to make more than 150 million transactions a month.
Through the partnership with Tink, Revolut will leverage open banking technology to streamline its European customers’ money transfers by simplifying the way funds are moved from account to account.
Powering seamless payments across Europe
Tink’s payment initiation services (PIS) technology will allow Revolut users across Europe to seamlessly move money into their Revolut account. PIS enables users to connect to the bank account they want to move money from, and instantaneously authorise and complete the payment – without leaving the Revolut app.
‘We are delighted to bring Tink’s solutions to Revolut. Our partnership with Tink will enable Revolut to expand our open banking services across new markets in a fast and sustainable way,’ says Ivan Chalov, Head of Retail at Revolut.
In a time where the financial industry is seeing increasing demand for fast and frictionless digital experiences, Revolut and Tink are partnering up to provide services that better meet the needs of customers. Forging these kinds of strategic partnerships is an important step towards mass-market adoption of open banking powered payments across Europe.
More in Tink news
2024-07-24
3 min read
Tink supports DKB with optimising construction loan processes
Top 20 German bank, Deutsche Kreditbank AG (DKB), teams up with Tink to give construction loan seekers a digital, frictionless application process, based on real-time data.
Read more
2024-06-20
6 min read
Engaging Gen Z: Tink’s new data on the biggest challenge for bankers in 2024
Tink’s new data identifies Gen Z as key for the banking industry, highlighting the importance of ensuring digitised, personalised features – read more and access the complete research here.
Read more
2024-05-09
5 min read
David van Damme – unlocking the potential of digital lending in Central Europe
Our new Banking & Lending director for the Netherlands and DACH region, David van Damme, shares his insights on these innovative markets, why they’re different and how digitalisation is changing the lending landscape.
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.
