Latest news with #Token.io's
Finextra
2 days ago
- Business
- Finextra
HSBC invests in Token.io
HSBC has made a strategic investment in account-to-account open banking payments vendor The value of the investment was not disclosed. 1 HSBC has been a user of infrastructure for open banking payments since 2019. 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.' He says the bank intends to broaden its adoption of infrastructure for Pay by Bank, offering options for peer-to-peer payments, account deposits and loan repayments. 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.'
Associated Press
2 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
2 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
2 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.
