Trustly & Spreedly Partner to Expand Pay by Bank in the US
Hey Payments Fanatic!
Trustly and Spreedly are shaking up the US payments landscape with their new partnership, making Pay by Bank more accessible than ever. This collaboration means merchants using Spreedly’s platform can now integrate Trustly’s Pay by Bank solutions seamlessly—boosting conversion rates and streamlining transactions without overhauling their existing systems.
Ross McFerrin, VP of Enterprise Growth at Trustly, calls it a game-changer: “By integrating Trustly’s Pay by Bank offerings with Spreedly’s orchestration platform, we’re providing merchants an all-in-one solution that allows them to choose the best payment methods to offer their customers, while simplifying the complexity of payment integrations.”
Meanwhile, Rose Francois, VP of Global Partnerships at Spreedly, highlights the added security and flexibility: “By partnering with Trustly, we’re embedding Pay by Bank flows directly into our Open Payments platform, helping merchants meet the growing demand for efficient, data-driven payment solutions.”
This move positions Trustly as a leader in Pay by Bank innovation, fresh off the heels of its latest tech upgrade, ‘Pay N Play,’ powered by its proprietary data engine, Azura. With a pilot launch set for 2025, the future of seamless digital payments is looking bright.
Read more global Payments industry updates below 👇 and I'll be back tomorrow!
Cheers,
Transform Your Banking Experience! Subscribe to my Daily Banking Newsletter for the latest trends and updates delivered daily to your inbox. Embrace the Future of Banking—Never miss an update!
INSIGHTS
Klarna is getting into Crypto 🤯
Any suggestions for Sebastian Siemiatkowski?
PAYMENTS NEWS
🇦🇷 Takenos & Pomelo: Introducing the Spicy Card for global workers. The card is designed for freelancers, entrepreneurs, and remote workers who need to use their foreign earnings locally. This is a prepaid card, available in both physical and virtual versions.
🇬🇧 Paysafe weighs sale after getting takeover interest. The firm, which is backed by Blackstone Inc. and CVC Capital Partners, is working with a financial adviser as it explores options. It is also studying the potential disposal of non-core assets that could take place before the sale of the company.
🇬🇧 Rapyd faces steep valuation cut in new deal talks. The company, which offers a digital platform for cross-border financial transactions is in talks to raise $300 million from investors at a $3.5 billion valuation and intends to use the funding in part to acquire a payment processing startup.
🇬🇧 UK consumers increasingly moving towards FinTechs and Neobanks for primary bank cards. Digital-only financial providers expanded their overall reach from 16% of adults back in 2018 to a significant 50% in 2024 according to research from RFI Global, the data and insights firm focusing on financial services.
🇿🇦 FirstRand Group selects Fiserv to accelerate growth and innovation. It will also power its digital transformation and support the broader innovation initiative and growth objectives of its customer franchises FNB (Retail and commercial banking) and RMB (Corporate and investment banking).
🇺🇸 Superlogic raises $13.7M at a $200M valuation to help consumers use reward points toward cool ‘experiences’. Its platform plugs directly into existing loyalty programs for credit card companies, airlines, and retailers. Read more
🇺🇸 Affirm soars as strong holiday shopping powers BNPL lender's surprise profit. Gross merchandise volume (GMV) - the total dollar amount of all transactions on the Affirm platform - jumped 35% to $10.1 billion in the second quarter ended Dec. 31, exceeding analysts' estimates of $9.57 billion.
🇺🇸 Vantage Bank chooses Finzly to modernize payment operations. The implementation will enable Vantage Bank to meet evolving customer demands while strengthening its core payment capabilities through a fully ISO 20022 native platform.
🇮🇹 NCR Atleos’ Cashzone Network expands into Italy, providing easy access to cash for both residents and tourists. Consumers will be able to withdraw cash at premier retail locations across the country. This marks the thirteenth country worldwide in which Atleos has an ATM network presence.
🇪🇺 Monite launches iFrame to optimise AP/AR adoption for global B2Bs. iFrame is designed to integrate invoicing and billing capabilities into any platform in less than two hours. Through this, Monite intends to serve the needs of the industry by providing speed, security, and flexibility.
Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
Comments ()