Token.io raises $40M to expand open banking-based account-to-account payments in Europe

The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents are finally adopting newer technology such as APIs to open their systems to modern integrations — is leading to a wave of new payment methods, all of which are hoping to become as standard as cash or paying with cards. In the latest development on this theme, a UK startup called Token.io has closed $40 million in funding to expand its own particular push in payments tech — account to account payments and accessing accounts fo

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