Tink, A Visa Solution and provider of open banking services, has teamed up with global payments platform Adyen and telecoms company Vodafone to launch Pay by Bank for Vodafone customers in Germany.
The new option lets Vodafone customers pay their prepaid and postpaid bills directly from their bank accounts, using open banking technology.
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 and Adyen.
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, also 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.”
