Mobile Pay service Vipps opts for Tink to facilitate Bank Transactions for Peer-to-Peer Payments in Finland
Vipps MobilePay Partners with Tink to Enhance Finnish Offering
Vipps MobilePay, the leading mobile wallet in the Nordics with over 12 million users across Norway, Finland, Sweden, and Denmark, has partnered with Tink to further develop its Finnish offering.
The partnership will see Tink's Pay by Bank become one of the three payment methods in Vipps MobilePay's e-commerce checkout in Finland. This move is significant for the Finnish market as it provides a new option for P2P payments.
Ian Morrin, head of payments at Tink, is excited to support Vipps MobilePay as they enhance their Finnish offering with Pay by Bank. Morrin believes account-based payments are significant for the future of Vipps MobilePay in Finland.
By combining Tink's connectivity with Vipps MobilePay's popular wallet experience, consumers will have a fast, intuitive way to pay. This partnership is a great example of how Pay by Bank can power everyday payments at scale.
The integration of Tink's Pay by Bank into Vipps MobilePay's e-commerce checkout could improve the convenience and efficiency of online transactions for Finnish customers. Tink's Pay by Bank will offer a secure way for approximately three million Finnish MobilePay users to make simple payments directly from their bank accounts.
Finnish MobilePay customers will now be able to add and use all their Finnish bank accounts in MobilePay through Tink's solution. Major Finnish banks such as Nordea, OP Financial Group, and Danske Bank are involved in the collaboration.
The partnership between Vipps MobilePay and Tink could potentially expand to other services beyond P2P payments in the future. Further reading on the Tink and Chip Open Banking partnership is available for those interested in learning more.
Tink is also a Gold Partner for the UK & Europe 2025 event taking place at the Business Design Centre in London on 21-22 October. The partnership between Vipps MobilePay and Tink underscores the growing trend of digital payments and financial technology solutions in the Nordic region.
In conclusion, the partnership between Vipps MobilePay and Tink is set to revolutionize the Finnish market by offering a secure, convenient, and efficient way for consumers to make everyday payments.
