Stockholm, 4 April 2019 – Trustly is pleased to announce a new partnership with one of Sweden’s leading platforms for online payments, Payson AB. Through the partnership, Trustly’s bank payment solution is now offered in Payson’s checkout, which is used by thousands of Nordic e-commerce merchants.
This new partnership is in line with Trustly’s focus on providing its bank payment solutions for e-commerce merchants and, in so doing, broadening the choice of payment options for consumers. Traditionally online payments have been dominated by cards and invoices, but consumers are showing an increased preference for paying directly from their online bank accounts. Trustly and Payson’s new partnership addresses this trend.
After integrating Trustly as the sole bank payment method in its checkout, Payson can now offer all its merchants the ability to accept fast, simple and secure bank payments from Nordic consumers. In the case of returns, Payson merchants can also issue instant refunds, an increasingly important differentiator in the competitive e-commerce landscape. According to a recent Trustly survey,* 65% of consumers claimed the speed and ease of refund affects where they choose to shop.
Per Bodell, CEO at Payson AB, said: “Our partnership with Trustly strengthens our position as one of the leading payment platforms for e-commerce in the Nordics. Not only does the partnership enable our merchants to accept cross-border bank payments from consumers in their local currencies, but it lets them issue fast refunds, which is proven to build loyalty among consumers. Thanks to Trustly, we’re able to provide thousands of our merchants with a more complete checkout.”
Oscar Berglund, CEO at Trustly said: “Many consumers prefer to pay directly from their bank account over paying by credit, just like some consumers prefer orange juice over milk. As an online merchant, it’s important to offer a range of payment options to optimize your bottom line. Our partnership with Payson now lets thousands of merchants do just that.”
* “Rethink Your Refunds, Perfect Your Payments,” Trustly, 2018.
Founded in 2008, Trustly Group AB is a Swedish FinTech company that makes online banking e-payments fast, simple and secure. The company offers cross-border payments to and from consumer bank accounts at over 3,000 banks in 29 European markets and connects businesses and consumers within e-commerce, travel, gaming and financial services. In 2017, 2018 and 2019, the Financial Times ranked Trustly as one of the fastest growing companies in Europe on the FT1000 list and the London Stock Exchange recognized Trustly as one of Europe’s most inspiring, fast-growing companies.
Trustly has 300 employees and is headquartered in Stockholm, Sweden, with regional offices in Finland, Spain, Malta, Germany and the UK. Trustly is a licensed Payment Institution in accordance with the second payment services directive (PSD2) and is entitled to provide among others payment initiation services. Trustly is under the supervision of the Swedish Financial Supervisory Authority. Read more at www.trustly.com
Payson started in 2004 in order to help private individuals and companies that wanted to charge or transfer money in an easy and secure way. The company provides payment solutions, from payment buttons to complete e-shop integrations with card payment (Visa and MasterCard), Internet bank and invoice. Today, Payson is one of Sweden’s leading companies in their field with more than 2.5 million users and over 10,000 connected companies. Since 2012, Payson has been a part of Svea Ekonomi. Read more at www.payson.se