Trustly and IKEA team up for a better global payment experience
Stockholm, Sweden, November 11, 2021 – Trustly, the leading global payments platform for digital account-to-account transactions, is proud to announce a partnership with IKEA, the world’s largest furniture retailer.
Through the partnership, Trustly will enable IKEA’s shoppers to pay for their purchases directly from their online bank account. The collaboration also equips IKEA with a partner for future growth into additional markets as Trustly offers access to more than 30 countries through a single API integration. The partnership has initially rolled out in Austria and will extend to several other European countries in the coming months.
As a global business, IKEA experiences many pain points tied to payments. Trustly’s global offering supports high average transaction values, ensures settlement of payments, and simplifies reconciliation, addressing some of IKEA’s biggest challenges. In addition, the reduced administration improves operational efficiency, letting IKEA focus on its main goal: creating a better everyday life for the many people.
Johan Nord, Chief Business Officer at Trustly, says: “IKEA aims to offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible can afford them. Trustly supports IKEA with our account-to-account payment method that doesn’t require a credit card, app or registration. Together, we can make IKEA’s stylish designs available to everyone with as few barriers as possible.”
For more information:
Meredith Popolo, Head of PR & Communications at Trustly
+46 (0)70-961 15 83
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 the traditional card networks at a lower cost. Today we serve 8,000 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries; and in 2020 we processed over $21 billion in transaction volume in our global network.
Trustly has 600 employees across Europe, North America and Latin America. 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.