Trustly partners with Wizz Air to bring innovation to airline payments
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Stockholm, Sweden, August 15, 2022 – Trustly, the leading global payments platform for digital account-to-account transactions, is proud to announce a strategic partnership with Wizz Air, Europe’s fastest growing and most sustainable* airline.
Through the partnership, made possible by Adyen, the global payments platform of choice for many of the world’s leading companies, Wizz Air travelers in Denmark, Finland, Norway, Sweden and the UK will be able to pay for flights directly from their bank account. Wizz Air will also benefit from Trustly’s unique collection model, which offers the fastest possible settlement, reduced fraud and instant refunds for travelers, giving Wizz Air greater flexibility in its payments infrastructure.
Wizz Air’s integration with Trustly via Adyen comes at a time when Open Banking adoption is on the rise in Europe and demonstrates the airline’s commitment to innovation.
Simon Eve, Head of Travel at Trustly, says: “According to a recent Trustly report, 71% of airlines are now actively exploring implementing an account-to-account payment option in light of PSD21, complementing traditional card payments. Wizz Air is at the head of the pack, demonstrating its commitment to innovation and a hassle-free traveler experience.”
Viktor Mura, Head of Tax, Treasury and Investor relations at Wizz Air, says: “As a value-oriented airline focused on innovation throughout the traveler journey, Trustly was the obvious choice to provide a low-cost, simple and secure way for our customers to pay. The long term partnership with Trustly allows us to further strengthen our low-cost value proposition to our customers in Denmark, Finland, Norway, Sweden and the UK.”
About Trustly
Founded in 2008, Trustly is a global leader in Open Banking Payments. Our digital account-to-account platform redefines the speed, simplicity and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting us apart from the competition and enabling us to offer an attractive alternative to the traditional card networks at a lower cost. Today we serve 8,100 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries; and in 2021 we processed over $28 billion in transaction volume in our global network.
We are a licensed Payment Institution under the second payment services directive (PSD2) and operate under the supervision of the Swedish Financial Supervisory Authority in Europe. In the US, we are state regulated as required to serve our target markets. Read more at www.trustly.com.
In May 2022, Trustly announced the acquisition of UK-based open banking payments platform, Ecospend. Together, Trustly and Ecospend would create the number one open banking payments company in the UK. Over the last year, over 5% of UK banked adults have made open banking payments through either Trustly or Ecospend, more than any other provider.
About Wizz Air
Wizz Air, the fastest growing and most sustainable European ultra-low-cost airline, operates a fleet of 153 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 27.1 million passengers in the Financial Year F22 ending 31 March 2022. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognising individuals and organisations that have distinguished themselves through outstanding performance, innovation, and superior service.
1. Trustly’s 2021 Travel Insights – Chapter 3: A future to bank on
* Based on the Sustainalytics Rating.
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