Tink and Adyen partner to bring Pay by Bank to Vodafone customers in Germany

Adyen, the global financial technology platform of choice for leading businesses, and Tink, A Visa Solution, and have announced a partnership with Vodafone, a leading telecoms company, to offer their customers in Germany the option to pay their prepaid tariff and outstanding postpaid balances using Pay by Bank. 

Pay by Bank is the commonly used term for the open banking-powered payment method that allows consumers to quickly transfer money directly from one bank account to another.  

Michael Reinartz, Director Innovation at Vodafone, said: “We’re pleased to work with two leading fintechs in Tink and Adyen to offer this new payment method for some of our customers in Germany. The simplicity and security of Pay by Bank provides a great option.” 

The Pay by Bank payment method is facilitated by the long-standing partnership between Tink, a market-leader open banking platform, and Adyen, who provide end-to-end payments capabilities, data-driven insights, and financial products in a single global solution. 

Thomas Gmelch, Head of Commercial Central Europe at Tink, said: “Ever since our first discussions with Vodafone at an event in Dusseldorf, we’ve been excited at the potential of this partnership and look forward to working with them alongside our long-time partner Adyen.” 

Hella Fuhrmann, Country Manager DACH at Adyen, added: “We are delighted to introduce Pay by Bank for Vodafone customers thanks to our partnership with Tink - enabling payments directly from the bank account. We are seeing a growing need for this convenient payment method. With the integration, we support companies in making the checkout as user-oriented as possible and thus sustainably increasing conversion.” 

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, onboarding new users, enabling better risk decisions or creating engaging money management tools. A wholly owned subsidiary of Visa, Tink was founded in Stockholm in 2012. Today, Tink and Visa’s open banking solutions are present in 20 markets, with 13,000 connections to financial institutions. Tink enables its partners to offer data-driven experiences that help eliminate complexity for millions of consumers across the globe. For more information visit tink.com.

About Vodafone Vodafone is one of the leading telecoms companies in Germany. Vodafone’s networks keep Germany connected: people and machines, families and friends as well as politics, business and society. Millions of people are Vodafone customers – whether they are surfing, making calls or watching TV; whether they are networking their office, their home or their factory with Vodafone technology. 

The Düsseldorf-based company provides a comprehensive portfolio of internet, mobile, fixed and TV services. As digital transformation expert to German business and industry, Vodafone is a trusted partner to enterprises of all sizes, from startups and SMEs to DAX-listed corporations. Vodafone Germany employs about 14,000 people and generates total revenue of around 13 billion euros with around 30 million mobile customers, over 10 million broadband customers, approximately 9 million TV customers and numerous digital solutions. Vodafone is a key contributor to the development of Germany's infrastructure, providing gigabit speeds to more than two-thirds of the German households. Together with its partner OXG, Vodafone will build up to seven million new FTTH fibre connections in the coming years. With its 5G network, Vodafone reaches more than 93% of the population in Germany. Vodafone's NB IoT network for the industrial and business sectors is delivering IoT connectivity on almost 97% of Germany's total territory. 

Vodafone Germany is the largest operating company of the Vodafone Group, one of the world's largest telecommunications companies, contributing around 35% of its revenues. Vodafone Group has over 330 million mobile and fixed customers and one of the world's largest IoT platforms. 

About Adyen  Adyen (ADYEN:AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft. The cooperation with Tink and Vodafone as described in this press release underlines Adyen’s continuous growth with current and new customers over the years.