On Wednesday, fintech vendor management platform Alpha Fintech announced it has formed a partnership with European payments firm Trustly. Alpha Fintech reported that this partnership will see Trustly’s payment solutions available to banks, MSPs and merchant users on the AlphaHub platform. The duo explained the partnership’s process:
“When customers select Trustly in the checkout, they’ll either be taken directly to their preferred country, or asked to select it from a drop down menu. Once they have chosen their country, customers will be presented a list of local banks that Trustly offers real-time bank transfers for. Once the bank is selected, the customer will be asked to log into their online banking, choose any account they have from a simple menu and confirm their payment.”
Speaking about the partnership, Rónán Gallagher, Chief Product Officer at Alpha Fintech, stated:
“Alpha Fintech are excited to work with Trustly to expose account-to-account payments across Europe to our customers. As more customers turn to bank-based payment methods, through the AlphaHub merchants will be able to offer this key payment method in markets as diverse as Australia, Singapore and now 29 countries in Europe via a single integration providing a consistent user experience.”
Adam D. Bowman, Director of Partner Sales at Trustly, then added:
“Trustly wants to make account-to-account payments simple and secure for merchants and their customers. Partnering with Alpha Fintech supports this strategy thanks to Alpha Fintech’s one simple API, through which merchants can now access Trustly’s payment functionality. Alpha Fintech’s significant international reach will also enable Trustly to reach new merchants.”
Trustly is currently available in 29 countries and more than 3.5 million secure purchases are made using Trustly every month, allowing customers to pay with their online bank without leaving the online shop.