Tink, A Visa Solution, has forged a partnership with Chip, the wealth app, which will see Tink provide its Payment Initiation Services (PIS) to Chip customers.
Tink is working with Chip, which has £5billion-plus assets under administration and £400k-plus active customers, to provide seamless and secure open banking-powered money transfers for users topping up their account.
Alex Latham, Chip co-founder, said: “It’s brilliant to partner with Tink, whose open banking solutions provide a fast and secure option for our users adding money to their savings on the Chip app.
“We’re looking forward to working with the Tink team to promote these payment options, with a few more exciting updates coming soon.”
Tink’s head of payments, Ian Morrin, also added: “Chip have been on a tremendous growth journey in recent years, and we’re delighted to become part of their success story by bringing more payment options to their user base.”
A wholly owned subsidiary of Visa, Tink was founded in Stockholm in 2012. Tink and Visa’s open banking solutions are present in 20 markets, with 13,000 connections to financial institutions.
