Trustly teams up with Qliro

Trustly teams up with Qliro

Business-to-business (B2B) payment solutions company Trustly has partnered with e-commerce payment provider Qliro, writes Banking Technology‘s sister company Finovate.

After completing a successful trial period initiated at the onset of 2017, the two companies have formalised the partnership. Qliro CEO Patrik Illerstig says the company selected Trustly for its “superb bank coverage” that spans all across Europe.

As a part of the deal, Sweden-based Trustly will become a permanent online banking option for Qliro’s Qliro One, a product that launched in 2016 to offer retailers a user-friendly, cost-effective, online checkout alternative. By integrating Trustly, consumers can pay directly from their bank account.

Trustly was founded in 2008 with a mission to make online payments as easy as paying with cash. Today, the company supports online payments in 29 European countries. The company, which works with 3300 banks across Europe, has processed €6 billion ($7 billion) on its platform since launch, and 14 million transactions so far in 2017.

In May this year, Trustly partnered with online fashion retailer and in March, it announced its expansion into the UK, noting that Britain is a “big target” for the company in 2017.

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