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 US.

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. Our 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 6,300 banks, roughly 525 million consumers across Europe and North America can pay with Trustly. We serve many of the world’s most prominent merchants within e-commerce, 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 US and Latin America. We are a licensed Payment Institution under the second payment services directive (PSD2) and operate under the supervision of the Swedish Financial Supervisory Authority in Europe. In the US, we are state regulated as required to serve our target markets. Read more at www.trustly.com.