Payment orchestration platform, APEXX Global has united with Trustly, to enhance digital account-to account (A2A) transactions.
The collaboration will see the firm offer Trustly’s recurring payments method to merchants across global markets.
Peter Keenan, CEO of APEXX Global, said: “I’m delighted to announce our partnership with Trustly. 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’m looking forward to working alongside the Trustly team to further transform global payments.”
According to the two firms, at the heart of the link is boosting conversion rates, reducing payment errors, and lowering costs.
Through this partnership, merchants can access a more cost effective and efficient alternative to the manual Direct Debit mandate setup. The scalable, recurring payments method is available to EU and UK merchants.
“We are delighted to partner with APEXX Global to help supercharge checkout conversion and performance for their merchants, fueled by what we believe to be the most efficient and embedded payment solution available,” added Daniel Hecker, Chief Product Officer at Trustly.
“Since its launch, we have seen that over 70% of users opt for the Open Banking mandate setup over legacy manual processes, showing that Trustly is not only offering new payment methods, but solving pain points for businesses, and improving user experience when paying with existing solutions such as Direct Debit.”