International payment and receivables solution provider Flywire and European payments from Trustly have partnered to integrate Trustly as a preferred payment option for European businesses and students making cross-border payments via Flywire.
The service, available immediately, allow Flywire clients to offer their customers a direct payment from their bank account while also simplifying payment and receivable reconciliation and administration.
In a release Flywire cited numbers from Datamonitor which says 93 per cent of Europeans use their bank account as their primary funding source.
“We are very pleased to partner with Flywire, an innovative leader in its field,” Trustly CEO Oscar Berglund said. “Now Europeans can pay Flywire-supported businesses and academic institutions in a simple, safe and convenient way. Digitally-minded European businesses and consumers will value the possibility to use Trustly’s solution for paying directly from the bank account.”
“We continue to look for new ways to take complexity and cost out of the international payment process by giving our clients the ability to offer customers their preferred way to pay,” Flywire CEO Mike Massaro said. ”Trustly is a highly popular and proven international payment method in Europe that helps our clients meet their customers’ expectations and expand their business potential.”