Latest news with #byBank
Finextra
6 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.'
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.'
