French mobile payment app Lydia has enhanced its tech capabilities, through a new partnership with Tink.
As part of the collaboration, Tink has become the open banking technology partner to leverage access to PSD2 APIs across Europe.
The firms are uniting on streamlined bank account connectivity that will improve the user experience of the app. This new open banking connectivity will be rolled out to Lydia’s four million users in the coming weeks.
Cyril Chiche, co-founder and CEO of Lydia, said: “We are proud to partner with a global open banking leader like Tink, that can support us in our international growth. By teaming up with Tink, we aim to give Lydia’s users the best possible user experience and allow them to easily manage their financial daily lives within our app. We look forward to working with Tink to create an improved and seamless experience for our users.”
Following the partnership, Lydia will use Tink as its main open banking technology provider, for enhancing the app’s connectivity and adding new services. As a first step of the partnership, Tink’s account aggregation and payment initiation services are being integrated into the Lydia app.
Daniel Kjellén, co-founder and CEO of Tink, added: “We are excited to team up with one of Europe’s leading payment fintech and become their open banking technology provider. By working together, we will make our open banking technology available to Lydia’s four million users. We look forward to supporting Lydia in their expansion in France and across borders.”
