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Trustly completes SlimPay merger

Trustly completes SlimPay merger

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Payments supplier Trustly has announced the completion of its acquisition of SlimPay, following regulatory approvals from the French banking supervision authority. 

The aim of the agreement is to help redefine the recurring payment landscape in Europe, with Trustly looking to provide an Open Banking-enabled, pan-European recurring payment service.  

Trustly Group CEO, Johan Tjärnberg, says: “SlimPay’s unique product capabilities, fused with Trustly’s innovative technology, are a game-changer for recurring payments in Europe.

“Our alliance synergises Trustly’s expansive reach and SlimPay’s specialised expertise, creating a comprehensive, pan-European offering that already has attracted top-tier global brands.” 

SlimPay CEO, Jerome Traisnel, adds: “Merging with Trustly is a milestone in innovating recurring payment systems. Our combined capabilities will significantly enhance billing and subscription services, offering customers unparalleled efficiency.

“This collaboration paves the way for supporting more global brands and leading innovations in the industry.”