Trustly, a provider focused on Pay by Bank services, says it will partner with Spreedly, a payments platform.
Trustly and Spreedly expect to provide merchants with full-service access to Pay by Bank to drive improved conversion rates and “optimize payment efficiency across expanded regional and global markets.”
Through this collaboration, businesses using Spreedly will now gain access to Trustly’s Pay by Bank capabilities, “increasing Trustly’s market reach in the U.S.”
Spreedly’s range of payment gateways will give merchants access to Trustly’s platform “without interruption to their existing payments infrastructure.”
Trustly will spearhead the Pay by Bank pillar of Spreedly’s Open Payments platform, which is designed to meet the “demand for Pay by Bank solutions in the U.S. and to leverage the power of data and insights across the entire payment ecosystem.”
By working together, Trustly and Spreedly will empower “merchants with greater payment flexibility and intelligence.”
This integration of Trustly’s Pay by Bank and account authentication capabilities is built to “support merchant growth at scale while ensuring secure and compliant payment processing.”
Trustly’s bank connectors and patented risk engine, combined with Spreedly’s dynamic transaction routing, will “provide merchants with reduced operational risk and improved authorization success.”
Real-time Pay by Bank data and intelligent routing will “lead to a streamlined payment experience for consumers, driving higher conversion rates.”
Ross McFerrin, Vice President of Enterprise Growth at Trustly, Inc. said:
“By integrating Trustly’s Pay by Bank offerings with Spreedly’s orchestration platform, we’re providing merchants an all-in-one solution that allows them to choose the best payment methods to offer their customers while simplifying the complexity of payment integrations.”
Rose Francois, Vice President of Global Partnerships and Business Development at Spreedly said:
“Together, we’ll enhance payment flexibility and security, empowering merchants to meet the growing demand for efficient, data-driven payment solutions, while driving stronger outcomes for the broader payments ecosystem.”
As noted in the update, Trustly is the global enabler of Pay by Bank solutions. For more than a decade, it has “sustained rapid growth while consistently maintaining profitability.”
Through its Open Banking platform, Trustly offers payment experiences, connecting consumers and merchants.
Its tech ensures that transactions are “processed in real-time, providing both speed and security.”
Trustly’s focus on reimagining how the world pays is “reflected in its collaborations with major brands such as PayPal, eBay, and Hargreaves Lansdown in Europe and FanDuel, T-Mobile, and Coinbase in North America.”
To date, Trustly has transformed the performance and experience of payments for “over 9,000 merchants in 30+ markets, connecting them to 650+ million consumers through 12,000 banks.”
In 2024, Trustly processed nearly “$100 billion in total payments value.”
Trustly, launched in 2008, is a “licensed Payment Institution under the second payment services directive (PSD2).”
It operates under the supervision of the Swedish Financial Supervisory Authority in the EU, EEA and the Financial Conduct Authority in the UK.
In the US, Trustly is “state-regulated” as required to serve its target markets.