Trustly, a prominent payment supplier known for its extensive work in the gaming sector has officially announced the completion of its acquisition of SlimPay. This strategic move, first announced on August 29, has recently received regulatory approvals from the French banking supervision authority. The merger is set to redefine the recurring payment landscape across Europe, with Trustly spearheading an Open Banking-enabled, pan-European recurring payment service.
Broadening Horizons
While SlimPay boasts strong relationships with brands in various sectors, such as utilities, insurance, transportation, media, and fitness, the merger with Trustly is expected to expand these capabilities further.
“Combining SlimPay’s unique product capabilities with Trustly’s innovative technology marks a turning point for recurring payments in Europe. This alliance is poised to offer a comprehensive, pan-European solution, already drawing attention from top-tier global brands. Our synergized strengths in reach and specialized expertise are set to revolutionize the industry.”
Johan Tjärnberg, Trustly Group CEO
SlimPay CEO Jerome Traisnel also expressed his optimism: “Joining forces with Trustly represents a significant leap in evolving recurring payment systems. This merger enhances our ability to provide superior billing and subscription services, promising unparalleled efficiency to our customers. It’s a step forward in supporting more global brands and driving industry-leading innovations.”
Further Developments and Innovations
This development follows the launch of Trustly Azura, a payment engine designed to elevate user experience through personalization and data optimization. The inclusion of SlimPay in Trustly’s portfolio is expected to further streamline and improve the payment process, making it more user-friendly and efficient.
In a recent exclusive Q&A with Gambling Insider, Tjärnberg discussed the company’s goals and the role of Azura, highlighting Trustly’s commitment to innovation and customer experience in the payment sector.
