Latest news with #Money2020Europe
Associated Press
6 days ago
- Business
- Associated Press
Token.io Announces Strategic Investment by HSBC
LONDON--(BUSINESS WIRE)--Jun 4, 2025-- European fintech has today announced that HSBC has become a strategic investor, signaling their continued collaboration and focus on delivering cutting-edge payment solutions. As revealed at Money2020 Europe, HSBC's investment marks an important milestone for a company specialising in account-to-account (A2A) payment infrastructure, which has partnered with the bank since 2019 to power its successful HSBC Open Payments solution. Todd Clyde, CEO of comments: 'We are excited to deepen our partnership with HSBC as we embark on this collaboration. This investment will not only accelerate growth and innovation, it will also advance our shared vision of making Pay by Bank a mainstream payment method — delivering benefits for HSBC's customers across the region.' Manish Kohli, Head of Global Payments Solutions at HSBC, comments: 'Our investment in reflects the trust and confidence we have in their team and technology, and our firm belief in the role that innovative Open Banking solutions play in transforming the payments experience for both corporates and consumers.' HSBC's Open Payments solution enables customers to initiate direct bank payments from third-party platforms quickly and securely. Building upon this foundation, HSBC is also broadening its adoption of infrastructure for Pay by Bank, offering clients a secure, fast, and convenient option for peer-to-peer payments, account deposits and loan repayments. Underpinned by open banking and real-time payment infrastructure, Pay by Bank reduces the cost and complexity of payments. It also simplifies the customer experience; users pay directly from their bank accounts, quickly and securely authenticating transactions using their banking app. Already, 's solutions enable nearly anyone with a bank account in the UK and Europe to use Pay by Bank. Given the benefits, analysts predict that three in four Europeans will regularly use Pay by Bank by 2029, and that payment volumes will increase by 30% this year. By 2030, European's use of Pay by Bank for e-commerce is expected to eclipse all other digital payment methods, second only to wallets. has also secured additional funding from an overwhelming majority of its existing investors, reflecting their support for this significant industry development. About leading account-to-account (A2A) payment infrastructure is reimagined to empower banks, fintechs, platforms and payment companies with turnkey Pay by Bank solutions. The frontrunner in A2A payment infrastructure for banks, partners include three of Europe's five largest financial institutions. Its solutions are also trusted by a blue-chip payments community, including Mastercard, ACI Worldwide and Global Payments. About HSBC HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organisations. View source version on CONTACT: Media Contacts: For HSBC: Mina Sharma, Senior Media Relations Manager at HSBC 00 44 7837244371 [email protected] Rebecca Richardson 44 (0) 113 350 1922 [email protected] KEYWORD: UNITED KINGDOM EUROPE INDUSTRY KEYWORD: APPS/APPLICATIONS TECHNOLOGY PAYMENTS FINANCE FINTECH BANKING ELECTRONIC COMMERCE PROFESSIONAL SERVICES SOFTWARE SOURCE: Copyright Business Wire 2025. PUB: 06/04/2025 07:08 AM/DISC: 06/04/2025 07:06 AM
Yahoo
6 days ago
- Business
- Yahoo
Token.io Announces Strategic Investment by HSBC
HSBC's strategic investment in supercharges the fintech's vision LONDON, June 04, 2025--(BUSINESS WIRE)--European fintech has today announced that HSBC has become a strategic investor, signaling their continued collaboration and focus on delivering cutting-edge payment solutions. As revealed at Money2020 Europe, HSBC's investment marks an important milestone for a company specialising in account-to-account (A2A) payment infrastructure, which has partnered with the bank since 2019 to power its successful HSBC Open Payments solution. Todd Clyde, CEO of comments: "We are excited to deepen our partnership with HSBC as we embark on this collaboration. This investment will not only accelerate growth and innovation, it will also advance our shared vision of making Pay by Bank a mainstream payment method — delivering benefits for HSBC's customers across the region." Manish Kohli, Head of Global Payments Solutions at HSBC, comments: "Our investment in reflects the trust and confidence we have in their team and technology, and our firm belief in the role that innovative Open Banking solutions play in transforming the payments experience for both corporates and consumers." HSBC's Open Payments solution enables customers to initiate direct bank payments from third-party platforms quickly and securely. Building upon this foundation, HSBC is also broadening its adoption of infrastructure for Pay by Bank, offering clients a secure, fast, and convenient option for peer-to-peer payments, account deposits and loan repayments. Underpinned by open banking and real-time payment infrastructure, Pay by Bank reduces the cost and complexity of payments. It also simplifies the customer experience; users pay directly from their bank accounts, quickly and securely authenticating transactions using their banking app. Already, solutions enable nearly anyone with a bank account in the UK and Europe to use Pay by Bank. Given the benefits, analysts predict that three in four Europeans will regularly use Pay by Bank by 2029, and that payment volumes will increase by 30% this year. By 2030, European's use of Pay by Bank for e-commerce is expected to eclipse all other digital payment methods, second only to wallets. has also secured additional funding from an overwhelming majority of its existing investors, reflecting their support for this significant industry development. About leading account-to-account (A2A) payment infrastructure is reimagined to empower banks, fintechs, platforms and payment companies with turnkey Pay by Bank solutions. The frontrunner in A2A payment infrastructure for banks, partners include three of Europe's five largest financial institutions. Its solutions are also trusted by a blue-chip payments community, including Mastercard, ACI Worldwide and Global Payments. About HSBC HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organisations. View source version on Contacts Media Contacts: For HSBC:Mina Sharma, Senior Media Relations Manager at HSBC00 44 For Richardson44 (0) 113 350 1922token@
Business Wire
6 days ago
- Business
- Business Wire
Token.io Announces Strategic Investment by HSBC
LONDON--(BUSINESS WIRE)--European fintech has today announced that HSBC has become a strategic investor, signaling their continued collaboration and focus on delivering cutting-edge payment solutions. As revealed at Money2020 Europe, HSBC's investment marks an important milestone for a company specialising in account-to-account (A2A) payment infrastructure, which has partnered with the bank since 2019 to power its successful HSBC Open Payments solution. Todd Clyde, CEO of comments: 'We are excited to deepen our partnership with HSBC as we embark on this collaboration. This investment will not only accelerate growth and innovation, it will also advance our shared vision of making Pay by Bank a mainstream payment method — delivering benefits for HSBC's customers across the region.' Manish Kohli, Head of Global Payments Solutions at HSBC, comments: 'Our investment in reflects the trust and confidence we have in their team and technology, and our firm belief in the role that innovative Open Banking solutions play in transforming the payments experience for both corporates and consumers.' HSBC's Open Payments solution enables customers to initiate direct bank payments from third-party platforms quickly and securely. Building upon this foundation, HSBC is also broadening its adoption of infrastructure for Pay by Bank, offering clients a secure, fast, and convenient option for peer-to-peer payments, account deposits and loan repayments. Underpinned by open banking and real-time payment infrastructure, Pay by Bank reduces the cost and complexity of payments. It also simplifies the customer experience; users pay directly from their bank accounts, quickly and securely authenticating transactions using their banking app. Already, 's solutions enable nearly anyone with a bank account in the UK and Europe to use Pay by Bank. Given the benefits, analysts predict that three in four Europeans will regularly use Pay by Bank by 2029, and that payment volumes will increase by 30% this year. By 2030, European's use of Pay by Bank for e-commerce is expected to eclipse all other digital payment methods, second only to wallets. has also secured additional funding from an overwhelming majority of its existing investors, reflecting their support for this significant industry development. About leading account-to-account (A2A) payment infrastructure is reimagined to empower banks, fintechs, platforms and payment companies with turnkey Pay by Bank solutions. The frontrunner in A2A payment infrastructure for banks, partners include three of Europe's five largest financial institutions. Its solutions are also trusted by a blue-chip payments community, including Mastercard, ACI Worldwide and Global Payments. About HSBC HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organisations.
Irish Post
7 days ago
- Business
- Irish Post
Irish delegation head to Amsterdam for fintech conference
SOME of Ireland's most successful fintech firms will be represented at a global industry conference taking place in Amsterdam today. Ireland's Finance Minister Robert Troy will lead the delegation at Money2020 Europe, who will meet with fellow industry leaders from multinational companies, as well as political leaders from the Netherlands. Ireland's Finance Minister Robert Troy will lead the delegation at Money2020 Europe Among the Irish-founded firms taking part are global payments platform Stripe, the Kikenny headquartered Transfermate and Fexco, which is based in Kilorglin, Co. Kerry. 'Money2020 is a critical platform for Irish fintechs to showcase their capabilities, connect with global stakeholders, and secure further partnerships,' Minister Troy said today. 'Ireland's fintech sector is a real asset to the country, with global success stories like Fexco, Stripe, and TransferMate, bolstered by companies who are scaling into being international players,' he added. 'This government and our agencies are committed to ensuring that fintech continues to be developed and invested in.' Currently the government agency Enterprise Ireland is the third most active investor in fintech in Europe - having invested over €90m in more than 200 Irish-born fintech and financial businesses to date. 'It is a great honour to represent the Irish Government at Money2020, where I will be seeing first-hand the mark which our companies make on the international stage,' Minister Troy said. 'I will also use the opportunity to highlight Ireland as a destination of choice for financial innovation. 'Our skills and access to multiple markets make us a competitive force in Europe, and that is something I will continue with the forthcoming work on the Government's next international financial services strategy, Ireland for Finance.' See More: Amsterdam, Fexco, Fintech, Ireland, Stripe, Transfermate
