10 Sep - 2019
Stockholm, Sweden, September 10, 2019 — ECOMMPAY, a leading international online payment service provider and direct card acquirer, has partnered with online payments company Trustly to expand its online payment offering and strengthen its position in the European market.
Online banking payments are a popular way to pay in Europe, especially in the Baltics and the Nordics. The new partnership will allow consumers who shop with ECOMMPAY’s merchants to make safe online transactions directly from their bank account.
By integrating Trustly’s online banking payments, ECOMMPAY helps its merchants receive payments from consumers by means of a fast, simple and secure bank transfer, and get a real-time confirmation after the payment has been finalized. On top of that, its merchants can benefit from Trustly’s unique refund process, which removes the administrative complexity for merchants while issuing fast refunds to consumers.
Arthur Gots, Head of Operations at ECOMMPAY, said: “Especially in key markets like the Baltics and the Nordics, online banking payments should be a vital part of any merchant’s payment mix. Through our partnership with Trustly, we’re excited to be able to offer our merchants new markets and broader reach, helping them to scale their businesses in an efficient way.”
Adam Bowman, Director of Partnerships at Trustly, said: “ECOMMPAY is a key partner for us as we expand our presence in the financial services and e-commerce verticals. Through our partnership, Trustly’s fast, simple and secure online banking payments will be available to ECOMMPAY’s thousands of merchants, helping them increase conversion at their checkout.”
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 over 340 employees and is headquartered in Stockholm, Sweden, with regional offices in Finland, Spain, Malta, Germany, the UK and in Silicon Valley, USA. 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
Headquartered in London, international payment service provider and direct card acquirer ECOMMPAY has grown organically from just 10 specialists in 2012 to more than 500 payment professionals globally, with seven offices across the world. An authorized payment institution (API), ECOMMPAY is regulated by the Financial Conduct Authority under the licence number 607597.
ECOMMPAY takes an individual approach to each client, analyzing consumer behavior to advise merchants on payment strategies, risk management practices, and industry trends.
Focused on facilitating business growth for its diverse portfolio of eCommerce clients, ECOMMPAY offers a full stack technological solution – a PCI DSS certified payment gateway combining acquiring capabilities, 100+ alternative payment methods, proprietary risk management technologies, and innovative payment products within a single, seamless integration.
Employing over 150 software developers and technology experts, the payment service provider ensures the highest level of payment security and transparency, engineering proprietary products and adapting existing features to merchant specifications.
Trustly Group AB (corporate identity number 556754-8655) is an authorized Swedish payment institution under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). The company conducts payment services in accordance with the Payment Services Act (2010:751) and can provide cross-border payment services within the EU/EEA.