MobilePay chooses Tink to fuel Bank Transfers for P2P payments in Finland
In a significant move for digital payments in Finland, Tink's Pay by Bank solution has been integrated into Vipps MobilePay. This partnership, now live, allows Finnish MobilePay customers to add and use their Finnish bank accounts in MobilePay through Tink's solution.
Vipps MobilePay, the leading mobile wallet in the Nordics with over 12 million users across Norway, Finland, Sweden, and Denmark, is partnering with Tink, A Visa Solution, to power peer-to-peer (P2P) payments in Finland. Tink's Pay by Bank solution will offer a secure way for nearly three million Finnish MobilePay users to make simple payments directly from their bank accounts.
Ian Morrin, the head of payments at Tink, is thrilled to support Vipps MobilePay as they enhance their Finnish offering with Pay by Bank. He believes that the combination of Tink's connectivity and Vipps MobilePay's popular wallet experience will provide consumers with a fast, intuitive way to pay.
Perttu Kroger, the Finland country manager of Vipps MobilePay, expressed excitement about the future of account-based payments in Finland. He believes that this partnership will significantly improve the user experience for Finnish MobilePay customers.
The partnership between Vipps MobilePay and Tink will enable Finnish MobilePay customers to use their bank accounts for P2P payments and e-commerce transactions. Tink's Pay by Bank will be one of the three payment methods in Vipps MobilePay's e-commerce checkout in Finland, expanding the payment methods available in the platform.
It is worth noting that the specific Finnish banks made available for P2P payments in MobilePay through the cooperation between Vipps MobilePay and Tink are not explicitly listed in the provided information.
Vipps MobilePay processes over one billion payments annually, and this partnership is expected to further boost its transaction volume. Tink, as a Gold Partner for the UK & Europe 2025 event taking place at the Business Design Centre in London on 21-22 October, continues to demonstrate its commitment to driving innovation in the financial technology sector.
For more information on Tink's partnerships and open banking solutions, please refer to the Tink and Chip Open Banking partnership.
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