Paysend partners with Tink to enhance Open Banking payments for faster seamless transfers

Paysend, the global fintech growing the world’s largest digital payment network – unifying over 20 billion endpoints into a single global, open and instant payment system – has partnered with Tink, A Visa Solution, to enhance its Open Banking capabilities. By integrating Tink’s market-leading solutions, Paysend is improving coverage, speed and payment quality for customers in key markets.

With Tink’s secure Open Banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank without manually entering details or facing multiple security steps. The result is a smooth, fast and secure payment experience.

The partnership with Tink provides Paysend with enhanced Open Banking payments performance and expands their Open Banking capabilities into new markets. This means more customers can fund their international transfers with minimal friction, greater security and improved speed.

By leveraging Tink’s extensive network of bank connections, Paysend users benefit from:

• Wider coverage – More banks and financial institutions are now supported
• Quicker transactions – Authenticate with your bank and fund transfers without manual entry
• Enhanced security – Direct bank authentication reduces errors and fraud risk
• A seamless experience – Fund transfers with fewer steps right from your smartphone

Paysend’s Global Head of Network & Partnerships, James Cresswell said: “At Paysend we’re constantly innovating to make Cross Border money movement as simple as possible. Integrating with Tink expands our Open Banking capabilities, ensuring our customers can fund their transfers instantly with ease and confidence.”

Ian Morrin, Tink’s Head of Payments added: “We’re excited to partner with Paysend to bring secure Open Banking payments to more customers. Open Banking is transforming how people manage their money and this partnership ensures Paysend customers benefit from a more intuitive payment experience.”

With Tink’s Open Banking technology, Paysend is helping users fund transactions more easily and securely, making international money transfers more accessible, efficient and hassle-free.

About Paysend

Paysend has created the world’s biggest digital payment network, unifying over 20 billion endpoints into a single global, open and instant payment network. As a global financial technology company, Paysend enables fast, simple and low-cost international money transfers. With millions of customers worldwide, Paysend provides borderless payments that help people connect financially no matter where they are. The Paysend app allows users to send money to over 170 countries instantly, with competitive rates and innovative Open Banking solutions.

For more information, visit https://paysend.com.

About Tink

Tink, a Visa solution, is a market-leading Open Banking platform serving some of the world’s largest financial institutions. Tink provides payments, banking and lending solutions that power the new world of finance, whether that’s initiating account-to-account payments, improving risk decisioning or creating data-driven money management tools.

Founded in Stockholm in 2012 and now a wholly owned subsidiary of Visa, Tink operates in 20 markets with 13,000 connections to financial institutions. Its Open Banking solutions enable businesses to offer frictionless financial experiences to millions of consumers worldwide.

For more information, visit https://tink.com.