CTS EVENTIM Enhances Payment Experience with Tink’s Pay by Bank Service Across Europe

CTS EVENTIM Enhances Payment Experience with Tink’s Pay by Bank Service Across Europe

(IN BRIEF) CTS EVENTIM, a leading ticketing service and live entertainment provider, has partnered with Tink to introduce the Pay by Bank feature for a faster and more secure payment process. This service allows users to pay directly from their bank accounts with minimal steps, improving customer satisfaction and reducing transaction failures. The feature is now available in Austria, Germany, the Netherlands, Poland, and the UK, with plans to expand to more markets in 2024.

(PRESS RELEASE) BREMEN, 4-Sep-2024 — /EuropaWire/ — CTS EVENTIM, Europe’s leading ticketing and live entertainment provider, has teamed up with Tink, a renowned payment services platform, to introduce the Pay by Bank option at checkout, giving customers a more streamlined, secure, and user-friendly payment experience. This new payment feature is available to customers across Austria, Germany, the Netherlands, Poland, and the UK, with plans to expand further in 2024.

Pay by Bank allows users to pay directly from their bank account with minimal data entry, shortening the payment process and reducing failures. With over 300 million tickets sold annually, this new feature aligns with CTS EVENTIM’s goal of improving customer satisfaction while providing secure and efficient service.

Sören Kuthning, Head of E-Commerce Finance Operations at CTS EVENTIM, highlighted that integrating Pay by Bank enhances the overall experience, making transactions faster and more reliable. Meanwhile, Thomas Gmelch, DACH Payments Director at Tink, emphasized the growing consumer demand for simplicity in payments and how this collaboration meets that need.

This partnership underscores CTS EVENTIM’s commitment to innovation, ensuring customers can access fast and secure payment methods for booking their favorite live events.

About Tink
Tink, A Visa Solution, is a market-leading open banking platform serving some of the world’s largest financial institutions. Tink provides payments, banking, and lending solutions that power the new world of finance – whether that’s initiating account-to-account payments, onboarding new users, enabling better risk decisions or creating engaging money management tools. A wholly owned subsidiary of Visa, Tink was founded in Stockholm in 2012. Today, Tink and Visa’s open banking solutions are present in 20 markets, with 13,000 connections to financial institutions. Tink enables its partners to offer data-driven experiences that help eliminate complexity for millions of consumers across the globe. For more information visit tink.com.

About CTS EVENTIM
CTS EVENTIM is the number one provider of ticketing services in Europe and number two in the world. Over 300 million tickets per year are marketed using the Company’s systems – through physical box offices and mobile/online portals. According to Pollstar’s global rankings for 2023, the EVENTIM Group is the second-biggest promoter in the world. In addition, CTS EVENTIM operates some of Europe’s most renowned venues. CTS Eventim AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is a member of the MDAX segment. In 2023, the Group generated revenue of EUR 2.4 billion across more than 25 countries.

Media Contacts:

TINK:
Linda Winder
PR & Communications Director
press@tink.com, +44 7809265941

PRESS CONTACT CTS EVENTIM:
Christian Colmorgen
Vice President Corporate Communications
christian.colmorgen@eventim.de

INVESTOR RELATIONS CTS EVENTIM:
Marco Haeckermann
Vice President, Corporate Development & Strategy
marco.haeckermann@eventim.de

SOURCE: CTS EVENTIM AG