Exploring Alternatives to Tink: The Best Open Banking Providers in 2025

Please note that the information about the payment providers found in this article was taken from their respective websites on 29 January 2025. This information is subject to change.

Tink offers diverse open banking and payment services tailored to businesses throughout Europe and the UK, complemented by financial and data tools. However, its specialised services for large enterprises might limit small and medium-sized businesses' full utilisation of its capabilities.

This guide explores five dynamic open banking platforms that offer versatile services designed for companies of all sizes, helping you identify the ideal partner for your business's needs.

What is Tink?

Tink, acquired by Visa in 2022, is an open banking service provider founded in 2012. Based in Stockholm, Sweden, Tink serves 18 European countries, including the UK. The company specialises in pay-by-bank solutions and supports recurring payments through Variable Recurring Payments (VRPs) — this technology is currently implemented only in the UK due to specific regulations related to open banking.

Additionally, Tink offers comprehensive data services such as account checking, data enrichment and risk insights. Its platform is integrated with over 3,400 banks and financial institutions across Europe and the UK. Although Tink designs solutions for businesses of all sizes, its primary focus is providing specialised support and tailored services to large enterprises and financial institutions.

How Does Tink Work?

 Tink offers a unique API that follows OAuth 2.0 and mTLS security standards. Once they receive consent, businesses can access customer financial data from banks across supported regions. This capability allows the development of financial services such as personal finance management, payment initiation, payouts, data enrichment and more.

Tink complies with PSD2 regulations and prioritises obtaining user consent for data access. As an intermediary, Tink facilitates integration with multiple banks, simplifying the process by offering pre-built connectors, standardised APIs, and handling the complexities of different bank APIs.

Best Tink Alternatives in 2025

Tink primarily serves large companies and has limitations that may not suit all businesses - it doesn't process credit cards and doesn't offer no-code payment pages. This leads many businesses to look for more flexible alternatives.

Below we will compare key features offered by Tink and its competitors.

A Closer Look at Tink’s Competitors

Noda

Noda’s Open Banking platform is an excellent alternative that centralises various financial solutions. It includes features such as bank-to-bank payments, payouts, card payment acceptance, no-code payment pages and data enrichment tools, making it suitable for businesses of all sizes. This consolidation simplifies payment processing and financial data management from a single platform.

Moreover, Noda is designed with the needs of international merchants in mind, facilitating cross-border transactions without hidden fees. Its features are tailored to support businesses operating in multiple regions, enhancing process efficiency and fostering global growth.

Unlike Tink, which may not immediately support non-enterprise, smaller customers or startups, Noda aims to serve businesses of all sizes. It offers customised pricing based on specific transaction volumes and patterns, backed by dedicated account management. For merchants, this means tailored scalable payment solutions, helping maximise your payment performance and support business growth.

GoCardless

GoCardless is a practical choice for those seeking an open banking service provider that enables quick and secure pay-by-bank transactions. The platform offers a comprehensive view of sales and customer data while catering to companies of different sizes. Additionally, it supports cross-border payments in 30 countries, including the United States and Australia.

However, GoCardless may not fully satisfy businesses that require a wider range of payment options. Like Tink, the platform specialises exclusively in direct debit and subscription businesses and doesn’t support card payments or other local payment methods.

TrueLayer

TrueLayer is an open banking provider operating in 21 countries across Europe and the UK. It offers a comprehensive suite of tools for financial integrations and bank payments, prioritising API accessibility and security. This focus allows businesses to enhance their payment systems more cost-effectively than Tink.

However, its advanced features, dedicated support and extensive customisation options are mainly designed for larger enterprises, similar to Tink's offerings. While TrueLayer is known for its speed and efficiency, it doesn't support many other payment methods, such as card payments.

Yapily

Yapily is a great choice for companies looking to leverage open banking payments and financial data access. It enables seamless pay-by-bank transactions, including single and recurring payments via Variable Recurring Payments (VRPs).

While Yapily also provides valuable data services – such as account information, risk assessment, and customer verification – its payment capabilities make it a key player for companies looking to enhance their payment flows with direct bank transfers. By prioritiыing infrastructure and direct bank connections, Yapily supports fintechs, PSPs, and enterprises in building their own tailored open banking experiences.

Key Factors to Guide Your Decision

When choosing a payment provider for your business, consider several factors, including your specific business needs, such as geographic coverage, transaction volumes, budget and desired features in a given payment platform. The ideal provider should deliver the features you need at a cost that makes sense for your business.

Here are a few key factors to consider:

• Comprehensive Support: Different businesses have varying needs, so it’s important to partner with a provider that can offer personalised support regardless of your company's size.
• Geographic Coverage: Ensure the chosen provider offers cross-border payment options, especially if you plan to expand your business or process transactions in multiple currencies.
• Diverse Payment Methods:  Open banking is one of the most secure and cost-effective options for merchants and consumers. However, it is crucial to accept different payment methods to enhance customer loyalty and avoid cart abandonment.
• Customisable Features: If you prefer not to invest in a technical team, select a provider that offers solutions like no-code payment pages. This will free you from the hassle of lengthy development and setup processes.

Why Choose Noda?

Noda's platform maintains a 90% acceptance rate, ensuring your customers can pay their way - whether they prefer instant bank transfers or traditional cards. From small businesses processing a few hundred transactions monthly to enterprises handling thousands of payments daily, the platform scales smoothly to match your growth without compromising performance.

With dedicated account managers and the ability to process payments in multiple currencies, Noda has established partnerships across 28 countries. This range of offerings makes it an ideal, comprehensive solution for all types of merchants operating in different markets.

Start unlocking your company’s growth potential with Noda. Contact us today to begin increasing your revenue!