Trustly, established in 2008, has rapidly evolved into a prominent player in the Open Banking Payment solutions sector. The company aims to streamline online payments, offering a platform that connects consumers and merchants effectively. Trustly's technology facilitates real-time transaction processing, enhancing both speed and security for users.
The company has formed strategic partnerships with notable brands, including PayPal, eBay, and Hargreaves Lansdown in Europe, as well as FanDuel, T-Mobile, and Coinbase in North America. Trustly has successfully improved payment experiences for over 9,000 merchants across more than 30 markets, linking them to over 650 million consumers through a network of 12,000 banks.
As a licensed Payment Institution under PSD2, Trustly operates under the supervision of the Swedish Financial Supervisory Authority (FSA) within the EU and EEA, as well as the Financial Conduct Authority (FCA) in the UK. This regulatory compliance underscores Trustly's commitment to maintaining high standards in the payments industry.
