Payop adds Tink’s Pay by Bank to checkout

28 Mar 2024

International payment processor and aggregator Payop has incorporated Tink’s Pay by Bank into its range of checkout options for merchants across Europe.

Payop serves a diverse range of merchants, from small ecommerce stores, to large enterprises, offering a checkout solution with multiple payment choices.

Following its integration with Tink’s Pay by Bank for merchant checkouts, Payop has witnessed significant growth, with the number of completed payments having increased more than 2.5 times from January to December 2023.

The account-to-account payment method is now available to Payop merchants across various European countries, including France, Germany, the Netherlands, Spain, and the UK.

Anastasiia Semenkova, chief executive officer of Payop, said: “Going into this, we were already positive about the future partnership, but in practice, it turned out to be much more than we expected. Tink showed us the potential of an Open Banking technology, providing secure payments that can be done in three clicks.”

Semenkova pointed to the competitiveness of the European market.

“There are many payment options available in each country. But once consumers try Pay by Bank, we find that they don’t go back to other methods,” she said.

Ian Morrin, head of payments and platforms at Tink, added: “We’ve already seen impressive volume growth in our collaboration with Payop, and we are proud to support them in their Pay by Bank solution.

“Pay by Bank complements the current payments ecosystem. It’s not just about creating another choice of payment at checkout, but offering consumers a payment method that has everything they may want and have come to expect – familiarity, speed, reliability and convenience.”

This month, Berlin-based payment processor Micropayment also revealed it has teamed up with payment services and data enrichment platform Tink to introduce Pay by Bank to its payments offering, with Pay by Bank now live for Micropayment merchants across the DACH region.