Kivra unites with Tink to elevate Swedish payment efficiency

Digital mailbox provider Kivra has announced a new collaboration with payment solution platform Tink, as the firm continues to deepen efficiency in Sweden. 

Kivra provides a digital mailbox to more than 3.7 million users in Sweden and through the Kivra app, users can receive and process all their bills and important mail in one place, making life simpler while also sparing the environment.

Tink’s payment solution, building on PSD2, brings direct bank payments into existing digital customer journeys. The collaboration allows Kivra’s users to pay by clicking directly on the digital invoice, selecting the bank account they want to pay from and approve the payment – all within the Kivra app.

Anna Bäck, CEO at Kivra commented: “It is an important step in our ambition to improve the user experience to develop a payment solution through the opportunities made possible by PSD2. Using Tink as a provider for our new payment service became a natural choice as we explored the market. We look forward to starting this journey with Tink and making Kivra an even better service for our 3.7 million users.”

The Tink platform is connected to all of the major European banks, giving customers the opportunity to unlock the many benefits that open banking can bring.

Tink VP of Payments, Tomas Prochazka added: ‘With Payment initiation our goal is a simple, future-proof, plug-and-play solution that enables our customers to keep the payment experience in their world and unlock new digital sales and onboarding opportunities. You could create these connections to all the banks and different markets yourself, but the complexity and years of effort you’d have to put in is too much. 

“Instead, we reduce this complexity by offering one API that supports and maintains all banks and markets – regardless of how each bank handles payments and transactions.”