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Trustly enters partnership with market leading payment solution iDEAL in the Netherlands

Press Release   •   Dec 15, 2015 07:45 GMT

iDEAL is the online payment method of choice for Dutch consumers, allowing them to pay directly from their bank account. Currently, over 75 payment service providers offer iDEAL services to merchants and other beneficiaries, such as utilities and governments. iDEAL builds on the existing online banking platforms that bank customers are familiar with. Over 200 million transactions are processed through iDEAL annually and more than half of all online purchases made by Dutch consumers are paid for with iDEAL.

As an iDEAL CPSP certificate holder, Trustly will offer the iDEAL payment solution to merchants for consumers of Dutch banks including, ABN AMRO, ASN Bank, ING, Knab, Rabobank, Regiobank, SNS Bank, Triodos Bank and Van Lanschot Bankiers. And through Trustly, Dutch consumers will now be able to shop across Europe using the most popular payment scheme iDEAL.

Piet Mallekoote, CEO of Currence and brand owner of iDEAL, says: “We are delighted that our relationship with Trustly enables Dutch consumers to pay with iDEAL in new European markets outside of the Netherlands through a trusted alternative. Being part of the Trustly pan-European payment product portfolio, gives iDEAL the opportunity to reach additional multinational businesses where Trustly is the primary payments provider, particularly in such important e-commerce regions like the Nordics, Germany and the UK.”

Carl Wilsson, co-founder and CEO of Trustly says: “The certification by Currence as an iDEAL Collecting Payment Service Provider enables Trustly to maintain momentum in the build-out of the Trustly pan-European payment product portfolio. The association with iDEAL adds value to consumers and multinational merchants that have Dutch consumers as a target group. Trustly offers online banking payment services across 29 European countries. This move is in line with Trustly’s strategy and goal to become the number one provider of OBeP services in Europe. Our focus is to deliver the best pan-European solution to multinational merchants.”

Last edited: 2015-12-15 11:09

Founded in 2008, Trustly Group AB is a European FinTech company providing speedy, simple and safe online payment solutions. It is recognized by FinTechCity London as one of the European companies destined to revolutionize the financial services sector. In 2014 Trustly was ranked amongst Sweden's fastest growing technology companies on the Deloitte Technology Fast 50 list.

Trustly has 95 employees, operates in 29 countries and connects over 100 banks across the continent. Trustly is a licensed Payment Institution under the supervision of the Swedish Financial Supervisory Authority


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