PayPal Boosts Investment In Tink Open Banking Platform
PYMNTS
JUNE 3, 2020
PayPal’s first investment in Tink , which enables FinTechs to access customers’ financial data, was in June 2019 and totaled $11.2 Tink is one of the FinTechs that is taking advantage of the Payments Services Directive 2, or PSD2 , which enables consumers to authorize third parties to access their banking data and make payments for them.
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