Trustly and optile partner to deliver new opportunities in e-payments and broaden expansion possibilities for international clients

08 Mar - 2018

Trustly and optile partner to deliver new opportunities in e-payments and broaden expansion possibilities for international clients

Trustly, the European payments company, is proud to announce its partnership with optile, a Munich-based open payment platform for global online businesses. By integrating Trustly’s unique method for online banking payments into optile’s open payment platform, optile can provide its clients with fast, simple, and secure pay-ins and pay-outs, directly to and from consumer bank accounts. With optile, Trustly is able to increase its market coverage effortlessly and serve more consumers with its direct banking technology.

Simplified and frictionless payment processes are increasingly important for merchants and consumers. To meet the expectations of online businesses and their customers, optile’s solution provides seamless and limitless access to payments worldwide. With optile’s single global payment interface, online businesses can quickly connect to any preferred payment method, provider, and third party, thus gaining freedom and flexibility in continuously optimizing their payment setup.

In turn, Trustly enables merchants to accept and make online bank payments throughout Europe. The partnership is in line with Trustly’s strategy to offer international online businesses a payment method that is easy to use, cost-efficient, and optimized to meet consumers’ local needs and expectations. Additionally, since funds are transferred directly from a consumer’s bank account, merchants get instant access to funds and also avoid the risk of chargebacks resulting from credit card fraud. In contrast to other bank payment offerings, Trustly also offers simplified refunds to merchants.

Direct online banking payments are becoming increasingly popular in Europe, where 93% of people use their bank accounts as their primary funding source. With new digital authentication methods in place, the bank account is growing in relevance in Europe, and merchants are looking to accommodate their customers’ payment habits.

“We are delighted to partner with such a forward-thinking payment company as optile. It’s a perfect match where we share a common belief in making cross-border payments fast, simple, and secure for merchants and consumers alike,” says Adam Bowman, Director of Partner Sales at Trustly. “optile is enabling online merchants to offer just the right localized payment mix to consumers of whichever markets they choose to enter, and this approach is fully supportive of Trustly’s vision of future payments,” Bowman continues.

“We are happy to give our clients the possibility to integrate Trustly’s payment method. Trustly is rapidly gaining customers all over Europe and has been proven to drive commercial success and increase customer activation rates for its clients”, says Manuel Sandhofer, VP Sales and Partner at optile. “We believe that the alliance of Trustly’s strength in direct online banking and optile’s innovative approach to payments will make it possible for online businesses to improve their geographical reach and expand their business potential.”

About optile

optile is a solution built to optimize the online payment world both for business enterprises and their end-users. With optile’s open payment platform, businesses can leverage unlimited payment opportunities by accessing any payment method and provider worldwide. In this way, they can gain independence, flexibility, and freedom in choosing the payment solution that fits their own business strategy. Our open payment platform comes with a significantly reduced implementation time, minimizing technical and operational expenses for online enterprises. Meanwhile, end-consumer can experience the whole new level of payment due to optile’s customer registration logics and personalized checkout.

optile serves digital leaders and technical platform businesses from retail, travel, dating, gaming, and other industries.

For more information, please visit https://www.optile.net/ or follow us on Twitter or LinkedIn.

About Trustly

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, 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 180 employees and is headquartered in Stockholm, Sweden, with regional offices in Spain, Malta, Germany and the UK. Trustly is a licensed Payment Institution under the supervision of the Swedish Financial Supervisory Authority. Read more at www.trustly.com

Press contact

Kristin Andersson, Head of Communications

Kristin Andersson

Head of Communications
Corporate Communications & PR

+46705857818

Anna Gustafsson, Associate Director at Kreab

Anna Gustafsson

Associate Director at Kreab
Press contact

+44(0)20 7074 1807

Daniel Holgersson, Director at Kreab

Daniel Holgersson

Director at Kreab
Press contact

+44 (0) 20 7074 1840