Recharge, a prepaid payments platform, is bringing Pay by Bank options to its German customers through a strategic partnership with Tink and Adyen. This open banking-powered, account-to-account payment method will initially be introduced on Guthaben.de, one of Recharge’s key websites for the German market. This collaboration aims to provide consumers with a payment experience centered on security, speed, and convenience, meeting growing demand for innovative payment options in the region.
The introduction of Pay by Bank marks a significant step forward for Recharge, which recently secured a €45 million facility with ABN Amro. This funding will enhance its product suite and enable the company to pursue an ambitious M&A strategy, targeting the completion of two to three acquisitions in 2025. This initiative demonstrates Recharge’s commitment to staying at the forefront of payment innovation while expanding its market footprint.
Recharge CEO Günther Vogelpoel highlighted the importance of this move, stating that the partnership with Tink and Adyen ensures consumers retain control over how they pay for brands and services. He emphasized the value of offering an open banking payment option that combines security, speed, and user-friendly convenience, reflecting the company’s mission to cater to diverse customer preferences.
Thomas Gmelch, Payments Director for DACH at Tink, noted the growing popularity of Pay by Bank among merchants, particularly those collaborating with payment service providers like Adyen. He revealed that over 10,000 merchants have now adopted Pay by Bank via Tink’s partnerships with PSPs, underscoring the growing relevance of this payment method in today’s market.