Using Open Banking for payments
Founded in 2008, Trustly's digital account-to-account platform redefines the speed, simplicity and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting it apart from the competition and enabling it to offer an attractive alternative to the traditional card networks at a lower cost. Today it serves 8,100 merchants (including Alibaba, PayPal, Wise, Unicef and Zalando), connecting them with 525 million consumers and 6,300 banks in over 30 countries across North America, Europe and Australia.
What's the Open Banking use case?
Merchants can integrate Trustly's single API and be able to accept Open Banking payments from more than 525 consumers, without the need of a card or app. Trustly also supports merchants with KYC and account verification.