Trustly Partners with The Swedish Postcode Lottery to Revolutionise Payments

Trustly, the global leader in Pay by Bank, today announced a major partnership with The Swedish Postcode Lottery (Svenska Postkodlotteriet). This collaboration is set to enhance the way people participate in one of Europe’s most popular charity-based lotteries by providing seamless, secure, and fast payment processing solutions.

The Swedish Postcode Lottery’s commitment to innovation, society, and player experience aligns with Trustly’s mission to create simple, fast, and secure online payments. As a result of integrating Trustly’s services, users will be able to sign up for The Swedish Postcode Lottery using a seamless way to register the mandate / Direct Debit which is fully automated, quick, and safe. 

Key Benefits for Participants:

• Modern Direct Debit sign-up without any need to remember or manually enter bank details
• Security & Reliability: Trustly’s solution eliminates the need for users to input sensitive information, which results in enhanced security

Trustly’s service now accounts for 60% of all checkouts – a significant share that highlights the strong uptake among users. Further product enhancements are expected to roll out in the coming months.

Mikael Glimbråten, Product Owner for the Payments team, The Swedish Postcode Lottery said: “We are pleased with the successful collaboration with Trustly in connection with the implementation of Trustly Merchant Direct Debit. Direct Debit has quickly become the most popular payment method Online. With an impressive success rate, Direct Debit has proven to be a reliable and efficient solution for our customers. We are also happy to announce that more features are on the way, which will make it even easier for customers to register their mandates. We look forward to continued successful and long-term cooperation with Trustly.”

Johan Tjärnberg, Group CEO at Trustly, said: “We are thrilled to partner with The Swedish Postcode Lottery to enhance the user experience for lottery participants across Sweden. Our mission has always been to make online transactions as seamless, safe, and fast as possible, and this collaboration takes us one step closer to that goal.”

Trustly’s collaboration with The Swedish Postcode Lottery is the latest in a series of successful partnerships that Trustly has developed with notable European businesses and government departments. These include companies such as Hargreaves Lansdown, Foodora, and ITV, while Ecospend, a Trustly Company, recently announced the retention of its open banking contract with HM Revenue and Customs (HMRC).

For more information, please contact:

Katharina Sand, Redgert Comms, press@trustly.com 

Liv Sander, Public Relations Officer, +46 72 229 90 33, Liv.Sander@postkodlotteriet.se

About The Swedish Postcode Lottery

The Swedish Postcode Lottery is Sweden's largest lottery where you win together with your neighbours, while contributing to a better world. One million players, that is one in every five households, have the chance to win new prizes every day. Thanks to everyone who participates in the lottery, the Swedish Postcode Lottery has, since it's start in 2005, generated over SEK 16.5 billion to non-profit organisations. The Postcode Lottery is Sweden's largest private donor to the non-profit sector.

About Trustly

Trustly was launched in 2008 and has grown rapidly over the past 16 years to become a global leader in Open Banking Payment solutions. With a mission to make online payments as seamless as possible, Trustly offers an innovative payment platform, bridging the gap between consumers and merchants. Its technology ensures that transactions are processed in real-time, providing both speed and security for all parties involved.

Trustly's dedication to revolutionizing the payments industry is reflected in its collaborations with major brands such as PayPal, eBay, and Hargreaves Lansdown in Europe and FanDuel, T-Mobile, and Coinbase in North America. To date, Trustly has transformed the performance and experience of payments for over 9,000 merchants in 30+ markets, connecting them to 650+ million consumers through 12,000 banks.

Trustly is a licensed Payment Institution under the second payment services directive (PSD2). It operates under the supervision of the Swedish Financial Supervisory Authority in the EU, EEA and the Financial Conduct Authority in the UK. In the US, Trustly is state-regulated as required to serve its target markets.