.jpg){kind=avatar}
Tink allows customers to transfer cash, access financial data and use financial services through an application programming interface (API), a software intermediary that allows two applications to talk to each other. Tink said it is integrated with more than 3,400 banks and FIs and millions of customers in Europe.
Now that the transaction is complete, Visa and Tink are expected to enable clients to deliver consumer benefits designed to improve control over their finances. Among the features include helping to manage their money, providing financial data and goals. Businesses of all sizes will have access to more tools to operate digitally and securely, such as initiating payments, reconciling bank statements or enabling financing, Visa said. “Digital tools are driving the new economy,” said Charlotte Hogg, CEO of Visa Europe, in a statement. “The combination of Visa and Tink will support greater choice and quality of digital money services as the lines between commerce, financial services and payments continue to converge.” Visa announced in June that it was acquiring Tink.
unknownx500
