London, 15 February 2023
APEXX Global, (“APEXX”), the multi-award-winning Payment Orchestration Platform, has partnered with Trustly, the global payments platform for digital account-to-account (A2A) transactions, to offer Trustly’s recurring payments method to merchants across global markets.
Trustly’s solution, provided through APEXX Global’s orchestration platform, is set to transform the Direct Debit experience for APEXX merchants and customers. The payment method boosts conversion rates, reduces payment errors, and lowers costs. Trustly’s solution creates mandates instantly, using innovative Open Banking APIs without additional account verification or manual handling.
Through this partnership, merchants can access a more cost-effective and efficient alternative to the manual Direct Debit mandate setup. The scalable, recurring payments method is available to EU and UK merchants.
In an immediate testament to the new partnership, APEXX, and Trustly have announced that they have delivered a sustainable and scalable recurring payments solution to a leading operator in the European travel industry, reducing mandate failure rates to zero.
Peter Keenan, CEO of APEXX Global, said: “I’m delighted to announce our partnership with Trustly. Our mission is to transform the global payments ecosystem for merchants and Open Banking is a critical tool in streamlining the payments process. Through this partnership, we can meaningfully boost the conversion experience for merchants by reducing Direct Debit mandate failures. I’m looking forward to working alongside the Trustly team to further transform global payments.”
Daniel Hecker, Chief Product Officer at Trustly, said: "We are delighted to partner with APEXX Global to help supercharge checkout conversion and performance for their merchants, fueled by what we believe to be the most efficient and embedded payment solution available. Since its launch, we have seen that over 70% of users opt for the Open Banking mandate setup over legacy manual processes, showing that Trustly is not only offering new payment methods, but solving pain points for businesses, and improving user experience when paying with existing solutions such as Direct Debit."
About Trustly
Founded in 2008, Trustly is a global leader in Online Banking Payments. Our digital account-to-account platform redefines the speed, simplicity and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting us apart from the competition and enabling us to offer an attractive alternative to traditional card networks at a lower cost. Today we serve 8,100 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries; and in 2021 we processed over $28 billion in transaction volume in our global network.
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.
Contact:
Linnéa Nichols-Eriksson, Communication Manager
+46 (0)70 261 26 93, press@trustly.com
About APEXX GLOBAL
Founded in 2016, APEXX Global is a multi-award-winning global payments platform that combines acquirers, gateways, shopping carts and Alternative Payments Methods into a single marketplace and one-stop solution for Enterprise/Tier 1 merchants. APEXX builds an integrated and transparent service that manages the authorisation, processing, and optimisation of transactions.
APEXX takes an agnostic approach to partnerships, working with many different solutions providers across the payments industry. Our approach creates a more efficient and cost-effective solution that cuts through the complexity of e-payments and leaves behind legacy technology systems. Our mission is to help businesses grow by reducing unnecessary costs, increasing conversion rates and simplifying the global payment ecosystem.
Media Contacts
H/Advisors contacts
Freddie Barber or Kate Pledger
+ 44 207 379 5151
Distribution channels:
Trustly website & LinkedIn
APEXX website & LinkedIn
EU/UK Payments/Fintech media
