Trustly-SlimPay New Merger: A Game-Changer in Payment Innovation

In a landmark development, Trustly, a leading pioneer in open banking solutions, has completed its acquisition of SlimPay, a prominent player in the European recurring payments sector. With regulatory approvals from the French Banking Supervision Authority ACPR, in place, this strategic merger is set to redefine the landscape of recurring payments across Europe

.Strengthening the Commitment to Pan-European Recurring Payments

Trustly’s mission to provide a comprehensive Open Banking-enabled, pan-European recurring payments service is now fortified by its collaboration with SlimPay. Trustly boasts an impressive client network that includes global giants such as eBay, Booking.com, and AirFrance-KLM, with substantial growth observed in critical sectors in the UK, including wealth tech and tax collection through Hargreaves Lansdown and HMRC.

Unlocking Synergies with SlimPay

On the other hand, SlimPay, headquartered in Paris, brings valuable relationships with renowned brands in sectors such as utilities, insurance, transportation, media, and fitness. The synergy between Trustly’s seamless payment experience and SlimPay’s expertise in SEPA direct-debit capabilities sets an unprecedented industry standard for merchants and consumers throughout Europe and the UK.

A Game-Changer for Recurring Payments

Johan Tjärnberg, Group CEO of Trustly, remarked, “SlimPay’s unique product capabilities, combined with Trustly’s innovative technology, are a game-changer for recurring payments in Europe. Our alliance leverages Trustly’s extensive reach and SlimPay’s specialised expertise, creating a comprehensive, pan-European offering attracting top-tier global brands.”

Enhancing User Experience with Trustly Azura

This acquisition comes hot on the heels of the successful launch of Trustly Azura, a revolutionary payment engine that enhances user experiences through personalisation and data optimisation. Incorporating SlimPay’s capabilities is expected to amplify Azura’s network effect further, simplifying payment processes for an ever-expanding customer base.

Streamlining Payments for Consumers and Businesses

With this merger, consumers can anticipate faster and more convenient payments, eliminating the need for manual data entry. This streamlined process elevates the consumer experience and significantly enhances business conversion rates by simplifying transactions.

Pioneering Innovation in the Industry

Jerome Traisnel, CEO of SlimPay, stated, “Merging with Trustly is a significant milestone in innovating recurring payment systems. Our combined capabilities will substantially improve billing and subscription services, offering customers unparalleled efficiency. This collaboration opens the door to supporting more global brands and pioneering innovations in the industry.”

Transformative Advancements in Recurring Payments

With regulatory approval firmly secured, SlimPay’s integration into Trustly Group heralds a transformative era in advancing recurring payments across Europe. This cements trustly’s position in the market as a pioneer of innovative solutions, poised to reshape the payment landscape for businesses and consumers

Conclusion

In conclusion, the Trustly–SlimPay merger promises to revolutionise the recurring payment ecosystem in Europe. By combining their strengths, these two industry leaders are set to deliver a comprehensive, efficient, and secure payment solution that will benefit businesses and consumers throughout the continent. With their shared vision and expertise, this partnership is a game-changer in recurring payments.