Trustly and Collector Bank AB partner to offer Nordic merchants instant bank payments in the Collector Checkout

Stockholm, 22 May – Trustly is pleased to announce a new partnership with Swedish digital bank Collector. By adding Trustly’s instant and secure online bank payments into its checkout product, Collector streamlines the payment experience for the customers of hundreds of medium- and large-sized merchants across the Nordics.

Online bank payments are a popular payment method among Nordic shoppers. In Finland, for example, nearly 1 in 3 shoppers prefer to pay directly from their online bank. [1] Online banking payments are also one of the fastest-growing payment methods in EMEA, set to overtake both credit and debit cards in popularity by 2022. [2]

With Trustly’s fast, simple and secure online banking payment solution, Collector’s merchants can enable their Nordic customers to pay with a method they are familiar with. Collector can also offer high payment limits as well as instant refunds, a feature that is proven to increase customer loyalty. [3]

Mikael Anstrin, General Manager Payments at Collector Bank, says: “Trustly is a great match for Collector because its cross-border payment solutions are available in all of our existing markets and its vast coverage also opens up the opportunity for us to expand into new geographies. Further, the setup with Trustly is very efficient, which makes for a good operating partnership. Overall, we’re thrilled to be able to offer Trustly’s solution to our merchants.”

Johan Nord, Chief Commercial Officer at Trustly, says: “We’re delighted to partner with Collector and offer our fast, simple and secure bank payment solution to their hundreds of merchants. The partnership is very much aligned with our strategy of delivering the best, most versatile and, for PSPs as well as merchants, most operationally easy-to-use bank payment solution in the markets where we operate.

[1] PostNord, “E-Commerce in the Nordics,” 2018.
[2] Worldpay, “Global Payments Report,” 2018.
[3] Trustly, “Rethink your refunds, perfect your payments: How to unlock customer loyalty in eCommerce," 2018.