{"id":61959,"date":"2023-10-18T10:36:10","date_gmt":"2023-10-18T14:36:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=61959"},"modified":"2023-10-18T10:36:12","modified_gmt":"2023-10-18T14:36:12","slug":"token-io-brings-open-banking-to-scandinavia-with-paysafe","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/token-io-brings-open-banking-to-scandinavia-with-paysafe\/","title":{"rendered":"Token.io brings Open Banking to Scandinavia with Paysafe"},"content":{"rendered":"\n

Token.io, a provider of A2A payment infrastructure, has announced its expansion to Sweden, Norway, Finland, and Denmark, where it will offer its Account Information Services (AIS) and Payment Innovation Services (PIS) to customers. The expansion will also enable new opportunities for Payment Service Providers (PSPs), such as Paysafe,<\/a> which has partnered with Token.io to deliver a seamless and secure A2A payment solution in Denmark.<\/p>\n\n\n\n

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A2A payment: How Paysafe benefits from Token.io\u2019s expansion<\/h3>\n\n\n\n

A2A payment,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> or Account-to-Account payment, allows customers to pay merchants directly from their bank accounts without the need for cards or intermediaries. <\/p>\n\n\n\n

Customers use their online banking to authenticate the transaction, which is then processed by the PSP<\/use><\/svg><\/span><\/a> using Token.io\u2019s connectivity platform. <\/p>\n\n\n\n

The payment is fast, secure, and cost-effective, as it reduces the fees and risks associated with card payments.<\/p>\n\n\n\n

Paysafe, a leading payment platform that offers various solutions such as e-wallets, prepaid cards, and online cash, has expanded its coverage with Token.io<\/use><\/svg><\/span><\/a> to offer its customers and merchants a new payment option in Denmark. <\/a><\/p>\n\n\n\n

Paysafe\u2019s A2A payment offering (Pay by Bank) will allow users to pay merchants directly and safely from their bank accounts while using online banking to authenticate the transaction. <\/p>\n\n\n\n

The purchase or account top-up will take place immediately and directly through the website or the merchant's gateway. <\/p>\n\n\n\n

In addition, the collaboration aims to contribute to the overall development of the European payments landscape.<\/p>\n\n\n\n

Token.io\u2019s recent partnerships and developments<\/h3>\n\n\n\n

Token.io has been actively partnering with various PSPs and merchants across different regions and sectors in order to deliver its A2A payment infrastructure and services. <\/p>\n\n\n\n

Some of its recent collaborations and launches include:<\/p>\n\n\n\n