HSBC backs Token.io to scale Pay by Bank across Europe

Token.io, the European FinTech specialising in account-to-account (A2A) payment infrastructure, has announced a strategic investment from HSBC.

The announcement, made at Money20/20 Europe, solidifies a partnership that began in 2019, when Token.io first began powering HSBC’s Open Payments solution. It enabled customers to initiate direct bank payments securely via third-party platforms.

“We are excited to deepen our partnership with HSBC as we embark on this collaboration,” said Todd Clyde, CEO of Token.io. “This investment will not only accelerate Token.io’s growth and innovation, but it will also advance our shared vision of making Pay by Bank a mainstream payment method, delivering benefits for HSBC’s customers across the region.”