„After biting our tongues for months, we can at last pop the bubbly and announce: PayPal is joining Tink as an investor and a new customer – a major vote of confidence in our tech and an indicator of the strength of the open banking movement in Europe.” according to a Tink’s blog.
PayPal is partnering with Tink to gain access to Tink’s account aggregation tech, so it can improve the produce experiences it offers to customers in Europe (to start).
„It’s a testament to the versatility of our technology; it can be implemented to improve a range of use cases for businesses big and small. Furthermore, PayPal has invested in our platform so we can continue our expansion across Europe. It means we can extend the reach of our open banking technology – and develop the next generation of financial services.”, Tink said.
“Open banking is transforming financial services, allowing customers to more easily move and manage their money,” says Jennifer Marriner, VP of global markets and partnerships at PayPal. “Tink has developed the infrastructure and data services for this new financial world – and we’re excited to work together to continue to democratise financial services.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
