Vipps MobilePay Selects Tink to Power Pay by Bank for P2P in Finland

Vipps MobilePay and Tink, A Visa Solution, today announced a new partnership under which Vipps MobilePay will use Tink’s Pay by Bank to power peer‑to‑peer (P2P) payments in Finland. 

The solution was recently rolled out and all Finnish MobilePay customers can now add and use all their Finnish bank accounts in MobilePay through Tink’s solution.

The collaboration will also see Tink’s Pay by Bank become one of the three payment methods in Vipps MobilePay’s e-commerce checkout in Finland.

Vipps MobilePay is the Nordics’ leading mobile wallet with more than 12 million* users across Norway, Finland, Sweden, and Denmark, processing over one billion payments annually.

Perttu Kröger, Vipps MobilePay’s Finland Country Manager, said: “Account-based payments have a strong presence in the future of Vipps MobilePay in Finland. We’re excited to partner with Tink and utilise their Pay by Bank product for this development to our offering. With Tink’s market-leading connectivity, we’ll offer almost three million Finnish MobilePay users a secure way to make simple payments straight from their bank account.

Tink is a market-leading open banking platform that was acquired by Visa in 2022.

Head of Payments, Ian Morrin, added: “We’re thrilled to support Vipps MobilePay as they enhance their Finnish offering with Pay by Bank. By combining our connectivity with Vipps MobilePay’s popular wallet experience, consumers get a fast, intuitive way to pay. This is a great example of how Pay by Bank can power everyday payments at scale.”

*12m+ customers