Trustly makes waves in the Netherlands with state-owned TOTO deal

Trustly has secured the latest step in its European expansion strategy by signing a contract with TOTO Sport and TOTO Casino in the Netherlands. 

The new partnership will allow Trustly to launch its instant payout solution to customers of TOTO – an online gambling operator part of the state-owned Nederlandse Loterij

TOTO Sport and TOTO Casino are part of the nine gaming brands owned by the national lottery provider, which was also one of the first operators to acquire a Dutch online gaming licence. 

According to Trustly, eight out of 10 players will look for fast payouts from an operator, which might lead to the payment firm’s instant withdrawal offering being launched across Nederlandse Loterij’s other verticals. 

Vasilije Lekovic, VP of Gaming at Trustly, commented: “Trustly’s partnership with TOTO Sport and TOTO Casino is a testament to the product quality, reputation and reliability of Trustly in the Dutch online gambling market.

“Our unparalleled instant payout product, in combination with the rest of our open banking payment offering in the Netherlands, has established Trustly as the partner of choice for multiple operators in this market and we’re very excited that TOTO, one of the market leaders, has joined that group. 

“We look forward to working closely with TOTO so we can help bring more value to the company and its users.”

Trustly already holds a significant presence in the Dutch market, being the preferred open banking payment provider for a number of online gambling businesses in the Netherlands, as well as featuring support for iDEAL payments in the region. 

Arjan Blok, CFO of Nederlandse Loterij, commented: “We are pleased to introduce instant payouts for our customers via the Trustly platform. Players in the Netherlands are already used to instant payments in all their personal bank transfers and in their deposits for online gaming. 

“It is no more than logical that this is now also possible for our payouts. This will enhance the experience for all of TOTO’s customers.”