Collaboration between Trustly and Paytweak provides innovative payment option for European businesses
Trustly and Paytweak Partner to Offer Unified SEPA Payment Solution for European Merchants
Trustly, a global leader in Account-to-Account (A2A) payments, and Paytweak, a French fintech specialist in modern payment links, have formed a strategic partnership to deliver a seamless, efficient, and secure payment solution for European merchants [1][2].
The integrated SEPA-based payment solution combines Trustly’s A2A payment expertise with Paytweak’s smart payment links technology. This partnership aims to address barriers to recurring payments by enabling easier, more secure, and fully integrated bank-to-bank transactions across the SEPA region.
By leveraging Account-to-Account payments rather than card payments, the solution reduces friction, lowers costs, and improves the reliability of recurring billing for merchants, who often face challenges with payment failures and customer retention in subscription models [1][2].
Paytweak specializes in generating and sending personalized payment links, offering instant, recurring, or localized payments via a single link. The solution is designed to integrate into accounting, collection, or customer support processes. Paytweak's payment links support various payment methods, including cards, transfers, wallet, and A2A.
With this partnership, Paytweak customers can activate Trustly's direct bank payments without the need for cards or complex integration. The solution will integrate Paytweak's payment links within Trustly's A2A offering, providing French businesses with direct access to European A2A.
Jeremy Pons, chief commercial officer Southern Europe at Trustly, stated that the partnership strengthens Trustly's commitment to offering payment solutions suited to the French and European market. Jerome Torricelli, head of sales at Paytweak, called the partnership with Trustly a "natural step" in its mission to simplify payments for businesses.
Torricelli added that by combining Paytweak's expertise in payment links with Trustly's banking infrastructure, they offer a credible and European alternative to traditional card-based models. The joint solution is fully compliant with PSD2 and promises a mobile-first, smooth, and highly secure experience.
In summary, the partnership between Trustly and Paytweak delivers a fully integrated SEPA payment system, focusing on overcoming recurring payment barriers by enhancing payment security, reducing transaction costs, and minimizing failures common in card-based recurring payments. This streamlined, efficient tool for managing recurring billing and subscription revenues is expected to drive better merchant revenue stability in Europe.
[1] Trustly and Paytweak Partner to Offer Unified SEPA Payment Solution for European Merchants. (2021). Retrieved from https://www.trustly.com/press-releases/trustly-and-paytweak-partner-to-offer-unified-sepa-payment-solution-for-european-merchants/
[2] Trustly and Paytweak Partner to Simplify Recurring Payments for French and European Businesses. (2021). Retrieved from https://www.paytweak.com/en/news/trustly-and-paytweak-partner-to-simplify-recurring-payments-for-french-and-european-businesses
- The strategic partnership between Trustly and Paytweak in open banking technology focuses on delivering a unified SEPA payment solution, aiming to streamline and secure recurring payments for European businesses.
- This partnership combines Trustly's Account-to-Account (A2A) payment expertise with Paytweak's smart payment links technology, aiming to lower transaction costs and improve the reliability of recurring billing for businesses.
- The integration of Paytweak's personalized payment links and Trustly's A2A offering offers French businesses direct access to European A2A payments, thus providing a credible and European alternative to traditional card-based models.
- With this joint solution, businesses can expect better merchant revenue stability in Europe, as the partnership addresses recurring payment barriers by enhancing payment security, reducing costs, and minimizing failures in card-based recurring payments.
