Revolut Partners with Tink to Expand European Footprint

Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe move money into their account.

Tink's PIS technology enables users to connect to the bank account they want to move money from, and instantaneously authorise and complete the payment without leaving the Revolut app.

Daniel Kjellén, CEO, Tink, says: "We are excited to be a part of the next stage in Revolut's growth and see this partnership as an important step in the mass-market adoption of open banking powered payments across Europe."

Ivan Chalov, head, retail, Revolut, adds: "Our partnership with Tink will enable Revolut to expand our open banking services across new markets in a fast and sustainable way."

Source: Finextra