Micropayment adopts Tink’s Pay by Bank for merchants

21 Mar 2024

Berlin-based payment processor Micropayment has teamed up with payment services and data enrichment platform Tink to introduce Pay by Bank to its payments offering.

Micropayment, which primarily operates in Germany, Austria, and Switzerland, works with merchants across various industries such as fundraising, digital services, gaming, and entertainment.

The collaboration between Micropayment and Tink has resulted in the launch of Tink’s Pay by Bank product for merchant checkouts. This payment method allows consumers to directly initiate payments from their bank account to the seller’s account, providing a secure and streamlined experience.

Pay by Bank is now live for Micropayment merchants across the DACH region, with plans to expand the partnership throughout Europe.

Thomas Knoth, chief strategy officer at Micropayment, said: “The DACH region is a key market for us, and Tink`s dedication to serving merchants across various industries has been invaluable.

“Their payment method offers consumers the speed, reliability, and security they expect, making it a seamless experience for both merchants and consumers.”

Thomas Gmelch, DACH payments director at Tink, added: “The DACH region presents an enormous opportunity for Pay by Bank to make a tangible difference to merchants serving all kinds of industries.

“Collaboration with Micropayment has got off to an excellent start and we are gaining traction in a highly competitive landscape, by offering merchants with a payment method that offers everything a consumer has come to expect – familiarity, speed, reliability and convenience.”

Recent research by Brite Payments revealed that Pay by Bank is among the top three payment methods in the UK, Netherlands, Finland, Spain and Germany, while 73% of European consumers are now familiar with the payment method.