Prepaid payments platform Recharge is set to offer customers in Germany the option to pay via bank transfers through a partnership with Tink and Adyen.
Initially, Recharge will implement this open banking-powered account-to-account payment method on Guthaben.de, one of its leading websites in the German market. The company recently secured a €45 million facility from ABN Amro to enhance its product offerings and initiate a mergers and acquisitions strategy, aiming to finalize two to three deals by 2025.
Günther Vogelpoel, CEO of Recharge, stated, “This new facility comes at a pivotal time for Recharge as we embark on the next phase of our journey. We pride ourselves on ensuring consumers are in the driving seat when it comes to how they choose to pay for brands and services. Bringing Pay by Bank to our platform with Tink and Adyen, starting with our German customers on Guthaben.de, supports those who value security, speed, and convenience in their payment experience.”
Thomas Gmelch, payments director, DACH at Tink, noted, “The appetite for Pay by Bank among merchants, especially those working with PSPs like Adyen, is really growing. At Tink, we’ve seen that over 10,000 merchants have now opted for Pay by Bank through our PSP partnerships.”