Latest news with #PaybyBank
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
6 days ago
- Business
- Irish Post
Two Irish fintech companies announce major new international partnerships
TWO Irish fintech (financial technology) companies have announced major new international partnerships at a global industry conference, highlighting Ireland's growing influence in the worldwide fintech landscape. The announcements were made on the opening day of Money20/20 Europe in Amsterdam on Tuesday as Ireland continues its rapid expansion in the fintech sector. Enterprise Ireland, Europe's third most active fintech investor, heralded the announcements as an example of Ireland's strong position within the industry. "These announcements today demonstrate the continued momentum of Ireland's fintech sector, which has defied the market backdrop and performed extremely well, increasingly attracting international attention and investment," said Anna-Marie Turley, Head of Enterprise Ireland's fintech and financial services portfolio. Partnerships TransferMate, the world's leading provider of embedded B2B payments infrastructure as a service (IaaS), announced a strategic long-term partnership with Deutsche Bank. It will see the Irish company work with Deutsche Bank in various countries, enabling TransferMate to provide in-country collections, cross-border payments and the ability to store funds locally. "We look forward to this journey together, which will drive TransferMate's growth and improve their operational efficiencies through our tailored solutions," said Ole Matthiessen of Deutsche Bank. Splink, a provider of custom digital payment solutions, announced an exclusive commercial Irish partnership with Global Payments to commercialise their Stadia and Events Technology in Ireland. The technology is currently in use at major British venues including Chelsea's Stamford Bridge and Newcastle's St James' Park. "We've had some recent successes together with key merchant wins in Ireland and the UK and we've excited to see the partnership grow," said Tom Woods of Global Payments. The deal will also see Splink become one of a select group of partners launching Global Payments' new SoftPOS technology, GPTom, which enables any smartphone to accept tap-to-pay transactions with no external hardware. 'Remarkable evolution' Over 20 Irish fintech companies are participating at Money20/20 Europe this year and will be showcased at the Irish Pavilion. "The strong presence of Irish fintech at Money20/20 Europe reflects the sector's remarkable evolution, becoming global leaders in their own right, securing major partnerships with global payment giants and financial institutions and launching cutting-edge AI solutions that are transforming customer experiences," said Ms Turley. Among the Irish delegation is Prommt, which announced a major milestone in Open Banking adoption on Tuesday. The firm revealed that one of Britain's top pre-owned prestige car supermarkets collected over £60m via Prommt's Pay by Bank technology within 60 days of going live. "With over 400 industry leading merchants now live with Pay by Bank and hundreds of millions in payment volume already processed this year, Prommt is leading the next generation of payment innovation," said CEO Donal McGuinness. Meanwhile, Engage Hub, which automates companies' communication services, announced the launch of its AI Knowledge Base, allowing users to find accurate answers instantly without agent support. "This reduces pressure on contact centres, cuts operational costs, and boosts overall efficiency," said Karen Waters, Product and Marketing Director at Engage Hub.
Finextra
28-05-2025
- Business
- Finextra
Tink and Adyen bring Pay-by-Bank to Vodafone customers in Germany
Tink, A Visa Solution, and Adyen, the global financial technology platform of choice for leading businesses, have announced a partnership with Vodafone, a leading telecoms company, to offer their customers in Germany the option to pay their prepaid tariff and outstanding postpaid balances using Pay by Bank. 0 Pay by Bank is the commonly used term for the open banking-powered payment method that allows consumers to quickly transfer money directly from one bank account to another. Michael Reinartz, Director Innovation at Vodafone, said: 'We're pleased to work with two leading fintechs in Tink and Adyen to offer this new payment method for some of our customers in Germany. The simplicity and security of Pay by Bank provides a great option.' The Pay by Bank payment method is facilitated by the long-standing partnership between Tink, a market-leader open banking platform, and Adyen, who provide end-to-end payments capabilities, data-driven insights, and financial products in a single global solution. Thomas Gmelch, Head of Commercial Central Europe at Tink, said: 'Ever since our first discussions with Vodafone at an event in Dusseldorf, we've been excited at the potential of this partnership and look forward to working with them alongside our long-time partner Adyen.' Hella Fuhrmann, Country Manager DACH at Adyen, added: 'We are delighted to introduce Pay by Bank for Vodafone customers thanks to our partnership with Tink - enabling payments directly from the bank account. We are seeing a growing need for this convenient payment method. With the integration, we support companies in making the checkout as user-oriented as possible and thus sustainably increasing conversion.'
