Paytweak and Trustly join forces to roll out a novel payment solution for merchants across Europe

Paytweak and Trustly join forces to roll out a novel payment solution for merchants across Europe

In a strategic move, Trustly, a leading provider of Account-to-Account (A2A) payment solutions, and Paytweak, a French fintech specialising in payment links, have joined forces to offer a new, innovative A2A payment platform tailored to the needs of European merchants [1][2].

This partnership results in a solution that simplifies recurring payments for European businesses by enabling direct payments from customers' bank accounts without the need for credit card details or intermediaries [1][3]. The integration supports faster, more secure, and frictionless payment processing, helping merchants reduce payment failure rates and lower operational costs. This enhancement also improves the customer experience by offering straightforward, convenient payment methods tailored to the European market [1][3].

Key features of the integrated solution include: - The use of Trustly’s A2A payments for instant bank transfers, - Paytweak’s payment link technology for ease of invoicing and automated payment collection, - Streamlined onboarding and recurring payment management optimized for European regulation and banking systems.

The partnership offers Paytweak customers the ability to easily activate Trustly's direct bank payments without the need for cards or complex integration [2]. Jerome Torricelli, head of sales at Paytweak, called the partnership with Trustly a "natural step" in its mission to simplify payments for businesses [2].

Jeremy Pons, chief commercial officer Southern Europe at Trustly, stated that the partnership strengthens their commitment to offering payment solutions tailored to the French and European market [2]. Torricelli added that by combining their expertise, they offer a credible and European alternative to traditional card-based models [2].

The joint solution allows for instant, recurring, or localised payments via a single link [2]. The new solution, based on Trustly's direct, instant, and recurring banking infrastructure, aims to provide a mobile-first, smooth, and highly secure experience [2]. The solution is also fully compliant with PSD2 [2].

According to research, 44% of European businesses identified recurring payments as a barrier to growth [3]. This partnership aims to make payments a strategic asset for businesses, helping them overcome barriers such as high costs, fraud, and collection delays associated with recurring payments [3].

The new solution designed by Trustly and Paytweak is fully compliant with PSD2 and aims to provide a mobile-first, smooth, and highly secure experience. This partnership is part of Paytweak's mission to simplify payments for businesses while guaranteeing performance and compliance [2]. Additionally, Trustly has partnered with ProcessOut to make instant bank payments available to merchants [4].

Sources: [1] Trustly and Paytweak Partner to Simplify Recurring Payments for European Businesses. (n.d.). Retrieved from https://www.trustly.com/en/news/trustly-and-paytweak-partner-to-simplify-recurring-payments-for-european-businesses/ [2] Trustly and Paytweak Partner to Simplify Recurring Payments for European Businesses. (2021, February 17). Retrieved from https://www.finextra.com/pressarticle/88455/trustly-and-paytweak-partner-to-simplify-recurring-payments-for-european-businesses [3] Paytweak and Trustly Team Up to Simplify Recurring Payments for European Businesses. (n.d.). Retrieved from https://www.letstalkpayments.com/paytweak-and-trustly-team-up-to-simplify-recurring-payments-for-european-businesses/ [4] Trustly and ProcessOut Partner to Offer Instant Bank Payments to Merchants. (n.d.). Retrieved from https://www.letstalkpayments.com/trustly-and-processout-partner-to-offer-instant-bank-payments-to-merchants/

• This strategic partnership between Trustly and Paytweak, two key players in the fintech industry, offers a new A2A payment platform designed to serve European merchants, simplifying recurring payments by eliminating the need for credit card details and intermediaries.
• The integrated solution, compliant with PSD2, combines Trustly’s A2A payments for instant bank transfers and Paytweak’s payment link technology for seamless invoicing and automated payment collection, providing a mobile-first, smooth, and secure experience.
• This collaboration marks a significant step towards offering credible, European alternatives to traditional card-based models, aiming to overcome common barriers faced by businesses such as high costs, fraud, and collection delays associated with recurring payments.
• To further enhance its payment solutions, Trustly has partnered with ProcessOut, enabling merchants to access instant bank payments, showcasing its commitment to providing tailored payment solutions for the French and European market.

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