TransferGo and Tink partner for international money transfers
TransferGo, the global fintech empowering a world on the move, has partnered with Tink to add Pay by Bank to its payments offering. TransferGo provides more accessible financial services by making international money transfers simpler, faster and lower cost. It operates in 160 countries and has more than 7 million customers.
TransferGo, the global fintech empowering a world on the move, has partnered with Tink to add Pay by Bank to its payments offering.
Pay by Bank is now live for UK TransferGo customers, introducing a new way to more securely and quickly send money internationally.
There is an enormous opportunity for Pay by Bank to make a tangible difference to those sending money internationally as it offers a simple and frictionless way for customers to transfer money.
Pay by Bank is now live for UK TransferGo customers, introducing a new way to more securely and quickly send money internationally. Pay by Bank is an embedded payment method powered by open banking that allows consumers to initiate payments directly from their bank account. With zero data entry and fewer redirects, this account-to-account payment method provides a streamlined experience – at low cost – by letting users authenticate and initiate payments in a couple of clicks.
Making financial services more accessible
"Our mission is to create a fairer world for global citizens. Providing a simple, affordable, and secure way to send money internationally, Pay by Bank by TransferGo helps bridge the gap for individuals who may have previously been excluded from accessing or participating in financial services," said Simon Moran, Chief Commercial Officer at TransferGo. "With the Tink partnership, we will offer a trustworthy, secure, and easy solution for making international payments easier and creating more favorable conditions for global financial inclusivity."
Ian Morrin, Head of Payments and Platforms at Tink, commented: "Pay by Bank is one of the most frictionless ways to pay online. There is an enormous opportunity for Pay by Bank to make a tangible difference to those sending money internationally as it offers a simple way for customers to transfer money more securely, quickly and at low-cost.
"At Tink, we have always aspired to make financial services more accessible by providing consumers with the most innovative payment solutions. Partnering with TransferGo, we are able to support them in their mission to remove barriers for their customers by offering a payment method that improves and simplifies the transfer of money; this is another step towards changing financial services for the better."
Curious about the potential of Pay by Bank to help you build customer loyalty through great experiences? Get in touch.
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