SEPAexpress teams up with Tink to scale payments across Europe
SEPAexpress has partnered with Tink to enhance its payments solutions. The German-based provider has integrated Pay by Bank, Account Check and Balance Check into its offering – ensuring a streamlined user experience for SEPAexpress customers. Read on to find out how this partnership supports SEPAexpress customers with seamless payments.
SEPAexpress and Tink are teaming up to improve payments for its wide variety of customers across Europe.
SEPAexpress has added Tink’s Pay by Bank technology and integrated both Account Check and Balance Check.
Using Tink’s technology, SEPAexpress is simplifying the payment process to improve the customer experience and optimise conversion.
SEPAexpress offers trusted and seamless, white label account-to-account (A2A) payments for payment service providers (PSPs), merchants and corporates.
SEPAexpress has integrated Tink’s Pay by Bank solution into its offering allowing all its customers to make hassle-free payments.
Tink’s Account Check and Balance Check products have also been embedded into its portfolio, allowing for instant verification of account ownership and verification of their users’ account balances in real time. Letting SEPAexpress customers automate the setup of direct debit payments reduces error and means minimal friction due to a quick and simple process based on real-time data.
Payments made simple
Pay by Bank is a simple way for anyone to pay directly from their bank account. Once a consumer authenticates using their Face ID, a fingerprint or something similar, the money moves between accounts instantly.
Pay by Bank complements SEPAexpress’ portfolio with an already strongly established direct debit offering. It’s not just about creating another choice of payment at checkout, but offering SEPAexpress customers a payment method that has familiarity, speed, reliability and convenience. Pay by Bank eliminates friction in the payment journey, enhancing the customer experience with a smooth, effortless process.
By using Pay by Bank, companies depending on SEPAexpress can facilitate immediate payments and instantly verify account ownership and balance.
Ensuring smooth and secure transaction processing across Europe
By using Tink’s pan-European connectivity, SEPAexpress is able to extend its open banking payments coverage across all 18 markets that Tink serves. Tink connects to more than 3,400 banks – all major banks in Europe and is able to reach over 250 million bank customers. This supports merchants to do business across multiple markets while remaining agile to provide individually tailored solutions to its customers.
Christoph Pichler, Chief Product Officer at SEPAexpress, commented: "We're thrilled to partner with Tink, which is a perfect fit for SEPAexpress. Their vast European coverage for open banking services extends our reach, particularly in the Nordic countries. Leveraging Tink's data and payment services, we minimise chargebacks for merchants and can offer low risk payments. Additionally, we can provide instant payments that are being processed within seconds, any day of the year. This partnership strengthens our commitment to exceptional services and innovative solutions."
Tom Pope, Head of Payments & Platforms at Tink, added: "Working with SEPAexpress presents an opportunity to provide even more merchants with access to innovative payment solutions. And our partnership highlights the power of bringing both data and payments services together under one roof. Open banking offers many key benefits such as a seamless user experience, low transaction fees and low fraud rates. Our aim is to be the backbone of payments services providers across Europe, to enable inclusive and streamlined payments solutions."
Curious about the potential of Pay by Bank, real-time account and balance verification to help you build customer loyalty through great experiences? Get in touch.
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