Visa to buy Swedish fintech Tink for $2.2 billion


FILE PHOTO A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6 2017. REUTERSPhilippe WojazerIllustrationFile Photo

FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration//File Photo

LONDON (Reuters) -Visa Inc said on Thursday it had agreed a 1.8 billion euro ($2.2 billion) takeover of European open banking platform Tink, months after it ditched a planned acquisition of the startup's U.S. rival Plaid.

Founded in 2012, Sweden-based Tink enables banks and other financial firms to share and access consumer financial data more easily. It is used by more than 3,400 banks and other institutions, as well as over 250 million customers in Europe.

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