Trustly, the Swedish FinTech company, is pleased to announce 2016 processed payment volumes of €3.2 billion.
Trustly has now reached accumulated processed payment volumes of €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 unique 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.
Oscar Berglund, CEO of Trustly, said “We are delighted that our payment solution is increasingly preferred by consumers across the 29 European countries where we provide services, as well as it having a tangible positive commercial impact for our clients. Whether you run an e-shop or a digital bank, Trustly can help you drive revenue and simplify your payments across Europe.”