Micropayment, Tink Partner on Pay-by-Bank in Europe

Berlin-based payment processor Micropayment is partnering with Tink , a payment services and data enrichment platform, to enable Europe-based merchants to offer pay-by-bank at checkout.

Micropayments works with merchants across industries, including fundraising and nonprofit, digital services, gaming and entertainment, according to a Wednesday (March 20) news release . The company primarily operates in Germany, Austria and Switzerland, also known as the DACH region.

Tink is a wholly owned subsidiary of Visa and provides payments, banking and lending solutions, the release said.

Micropayment is introducing Tink’s pay-by-bank product for merchant checkouts, with a goal of growing the adoption of this payment method across Europe, according to the release. Through the partnership, Micropayment merchants can now offer pay-by-bank across the DACH region.

“The DACH region is a key market for us, and Tink’s dedication to serving merchants across various industries has been invaluable,” Thomas Knoth , chief sales officer at Micropayment, said in a statement. “Their payment method offers consumers the speed, reliability, and security they expect, making it a seamless experience for both merchants and consumers. We are delighted to be working with Tink and look forward to continuing our successful partnership.”

Thomas Gmelch , DACH payments director at Tink, remarked on the benefits of the partnership.

“The DACH region presents an enormous opportunity for pay-by-bank to make a tangible difference to merchants serving all kinds of industries. Collaboration with Micropayment has got off to an excellent start and we are gaining traction in a highly competitive landscape, by offering merchants with a payment method that offers everything a consumer has come to expect — familiarity, speed, reliability and convenience.”

The partnership comes as more consumers are turning to pay-by-bank.

As PYMNTS Intelligence has found, 36% of consumers in the U.S. favor this payment method, according to insights detailed in “ Tracking the Digital Payments Takeover: Consumer Familiarity Controls Account-to-Account Payment Growth .”

Convenience also adds to consumer satisfaction, particularly in peer-to-peer (P2P) use cases, according to the study. Additionally, consumers cited their simplicity and ease of use as a reason for favoring this payment method. Moreover, security-oriented users said that it allows them to avoid sharing sensitive financial information, reducing the risk of fraud.