HSBC has made a strategic investment in fintech company Token.io, strengthening their collaboration on payment solutions.
Token.io specializes in account-to-account payment infrastructure and has been working with HSBC since 2019.
The investment from HSBC will accelerate Token.io's growth, innovation, and shared vision of making Pay by Bank a mainstream payment method.
HSBC's Open Payments solution allows customers to make direct bank payments securely, with plans to expand the use of Token.io's infrastructure for Pay by Bank.