“This partnership will benefit merchants in accessing a more efficient and cost-effective substitute to the manual Direct Debit Mandate setup. The recurring payments which are scalable can access by the UK and EU merchants.”
Trustly, a Swedish Fintech company and APEXX Global, a payment orchestration platform have collaborated where Trustly will offer APEXX’s recurring payment method to global merchants.
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The solution provided by Trustly expected to transform APEXX customer’s and merchants’ Direct Debit experience.
Daniel Hecker, Chief Product Officer at Trustly, said, “We are delighted to partner with APEXX Global to help supercharge checkout conversion and performance for their merchants, fueled by what we believe the most efficient and embedded payment solution available.”
The payment method minimizes payment errors, escalates conversion rates, and lower costs. The payment solution of the Swedish Fintech company creates mandates immediately, using unique Open Banking APIs without doing any further account verification or manual handling.
This partnership will benefit merchants in accessing a more efficient and cost-effective substitute to the manual Direct Debit Mandate setup. The recurring payments which are scalable can access by the UK and EU merchants.
Through this new partnership, both companies have delivered a scalable and sustainable recurring payment method to a renowned operator in the European travel industry, minimizing mandate failure rates to zero.
Peter Keenan, CEO of APEXX Global, said, “Our mission is to transform the global payments ecosystem for merchants and Open Banking is a critical tool in streamlining the payments process. Through this partnership, we can meaningfully boost the conversion experience for merchants by reducing Direct Debit mandate failures. I am looking forward to working alongside the Trustly team to further transform global payments.”
