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Online Payments

Trustly processes EUR 3.2 bln of payments in 2016

Wednesday 1 March 2017 | 01:00 PM CET

Trustly, the Swedish fintech company, processed a total payment volume of EUR 3.2 billion in 2016, now reaching an accumulated processed payment volumes of EUR 6.5 billion since the company was founded in 2008.

The 122% growth in payments volumes in 2016 comes on the back of Trustly’s expansion to an additional 21 European countries in late 2015. Trustly offers a new online payment solution to its clients, allowing them to get paid by consumers across all of Europe.

Trustly’s payment solution is proven to drive commercial success for its clients. As an example, Swedish digital bank Avanza enabled Trustly’s real-time deposit service to allow for its customers to top up their accounts from both mobile and desktop in late 2015. Thanks to Trustly’s service, Avanza has since seen a 7% increase in its customer activation rate.

For more information about Trustly, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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