Tink

Tink is a European platform for direct bank payments (Pay by Bank) and account verification, connecting more than 6,000 banks. The company was founded in 2012, is based in Stockholm and is owned by Visa.

Products The listed items are Pay by Bank, Account Check (IBAN ownership), Income Check, Risk Insights and Payouts. Target clients are PSPs, banks, iGaming, lending, e-commerce and crypto.

History and clients Tink says it was acquired by Visa for EUR 1.8 billion and that it is used by Adyen, Revolut and PayPal as well as hundreds of banks.

Coverage and terms The platform covers Europe and the United Kingdom, with 18+ markets. It is sold through an enterprise contract or a partnership model for PSPs, so terms differ by channel.

For a PSP, a single open-banking connection across many countries reduces card-scheme costs on part of the volume. Merchants in iGaming and lending also use account checks to confirm that the payer owns the IBAN used for deposits and payouts.