Digital Banking

Lemonway intros opening banking service

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September 29, 2021

Lemonway, a French payments service provider, has introduce its Pay By Bank service through a partnership with open banking platform Tink. This service will deliver open-banking powered payments to Europeans through Tink's payment initiation services, according to a press release.

Merchants can offer a digital payment method through this service, and customers can initiate the payment directly from their bank without having to manually fill in payment details.

"We are proud to partner with Lemonway to help it take a fast, simple, and secure open banking payment experience to its marketplace customers across Europe," Jerome Albus, director of France and Benelux at Tink, said in the release. "Pay By Bank is a win-win for merchants and their customers, by reducing both the costs associated with payments and the time and effort it takes to complete a transaction. We look forward to continuing to develop our partnership with Lemonway in the coming months and years, to increase innovation in the payments market."