Token.io

What is Token.io and what do they do?

Token.io is a London-headquartered account-to-account (A2A) payments infrastructure provider, founded in 2016 and also operating out of Berlin and San Francisco.The company drives the shift from traditional payment methods to faster, fairer, frictionless account-to-account payments in Europe, and enables payment service providers, acquirers, gateways, and tier-one banks to launch and manage open banking-powered Pay by Bank solutions across the UK and Europe.

Through a single API, payment providers access direct bank connectivity covering over 90% of bank accounts in most UK and European markets, supporting 4,000+ banks across 16+ countries via harmonised PSD2 open banking standards. This connectivity reaches 567 million bank accounts, at over 80% coverage per market.

Core products include Single Immediate Payments, Variable Recurring Payments, Account Information Services, Settlement Accounts, Pay by Link, Payouts, and Refunds. The platform eliminates card-network interchange and scheme fees, offers real-time settlement, and delivers average success rates above 95% in leading markets.

Who is it for?

Token.io serves banks, fintechs, platforms, and payment companies that want to add Pay by Bank as a payment method rather than build open banking connectivity themselves. Token.io's client base spans major European financial institutions and global payment companies — from tier-one banks integrating open payments into their own products, to acquirers, gateways, and PSPs that white-label Token.io's infrastructure for their merchants.

Businesses handling high transaction volumes across multiple European markets, or looking to reduce card scheme dependency, are typical fits: notable partners include HSBC, which has powered its Open Payments solution on Token.io since 2019, BNP Paribas, which launched its Instanea instant-payment proposition on Token.io's infrastructure, and Mastercard, which selected Token.io as the connectivity layer for its Open Banking Hub.

Why do businesses choose Token.io?

• Deep coverage in one integration — a single API connects to thousands of banks across 16+ European countries, avoiding market-by-market bank integrations
• Lower cost per transaction — bypassing card-network interchange and scheme fees compared with card acquiring
• Strong conversion — average success rates above 95% in leading markets, supported by conversion-optimised authentication flows
• Flexible deployment — providers can use Token.io's own regulatory licence or connect as a technical service provider under their own licence
• Established partner network — a blue-chip base of partners collectively processing payments for tens of millions of merchants worldwide

Businesses using Corefy can simply obtain a MID from Token.io and connect it to Corefy's dashboard in a few clicks, without dealing with any integration work.

Is Token.io trustworthy?

Token.io is authorised by the FCA in the UK and by BaFin in Germany, with the BaFin authorisation passported across 27 EEA countries. The company also operates as a technical service provider, allowing regulated partners to run their own licences atop Token.io's infrastructure.

Token.io is PSD2 and SCA compliant, and is PCI-DSS Level 1 and ISO27001:2013 certified. Its track record includes long-standing partnerships with major financial institutions, and it has been recognised with awards including Best Open Finance System at the Banking Tech Awards 2024 and the Open Banking Platinum Innovation Award from Juniper Research in 2022, 2023, and 2024. HSBC made a strategic equity investment in Token.io in June 2025, reflecting the depth of its banking relationships.