TransferGo Teams Up with Tink to Revolutionize International Money Transfers
In a bid to enhance the efficiency and security of international money transfers, TransferGo has forged a strategic partnership with Tink, as stated in Fintech Global News. This collaboration aims to integrate Pay by Bank into TransferGo’s payment infrastructure, promising a seamless and secure experience for users worldwide.
The integration of Pay by Bank into TransferGo’s payment ecosystem marks a significant leap forward for customers in the UK, facilitating swift and secure international transactions. Powered by open banking, this account-to-account payment method streamlines the transfer process, offering a cost-effective and efficient alternative to traditional methods.
Simon Moran, Chief Commercial Officer at TransferGo, emphasized the company’s commitment to fostering financial inclusivity. He stated, «Our mission is to create a fairer world for global citizens. Providing a simple, affordable, and secure way to send money internationally, Pay by Bank by TransferGo helps bridge the gap for individuals who may have previously been excluded from accessing or participating in financial services.»
Echoing Moran’s sentiments, Ian Morrin, Head of Payments and Platforms at Tink, highlighted the transformative potential of Pay by Bank. He remarked, «Pay by Bank is one of the most frictionless ways to pay online. There is an enormous opportunity for Pay by Bank to make a tangible difference to those sending money internationally as it offers a simple way for customers to transfer money more securely, quickly and at low-cost.»
Morrin further emphasized Tink’s dedication to enhancing financial accessibility through innovative payment solutions. He expressed confidence that partnering with TransferGo would empower customers by simplifying and improving the transfer of money, thereby advancing the evolution of financial services.
By joining forces, TransferGo and Tink are poised to revolutionize the landscape of international money transfers, paving the way for greater convenience, security, and inclusivity in global financial transactions.