News

August 27, 2020

Trustly Expands into Australia and Canada



Stockholm, Sweden -- August 26, 2020 -- Trustly, the global leader in Online Banking Payments, is pleased to announce that it is expanding its offering to Australia and Canada.

Expansion into Australia marks Trustly's first step into the Asia-Pacific region, while Canada bolsters its North American market coverage. Together, these two countries represent a momentous move in Trustly's plan to develop a global Online Banking Payments network, adding to Trustly's existing coverage in Europe and the U.S.

Oscar Berglund, CEO of Trustly, says: "Expansion into both Australia and Canada is a major milestone in our ambitions to build a global Online Banking Payments network. They are both large markets with great potential and we already see high demand from merchants that are looking for Open Banking solutions and a compelling alternative to card payments."


About Trustly
Founded in 2008, Trustly is the global leader in Online Banking Payments. Trustly's account-to-account network bypasses the card networks, letting consumers make fast, simple, and secure payments to merchants directly from their online banking accounts. With support for more than 6000 banks, roughly 600 million consumers across Europe and North America can pay with Trustly. Trustly serves many of the world's most prominent merchants within eCommerce, financial services, gaming, media, telecom, and travel, which all benefit from increased consumer conversion and reduced operations, fraud, and chargeback costs.

Trustly has 500 employees across Europe, the U.S., and Latin America. Trustly is a licensed Payment Institution under the second Payment Services Directive (PSD2) and operates under the supervision of the Swedish Financial Supervisory Authority in Europe. In the U.S., Trustly is state regulated as required to serve the company's target markets. Read more at www.trustly.com.