Trustly Partners with The Swedish Postcode Lottery to Revolutionise Payments

Trustly, the global leader in Pay by Bank, today announced a major partnership with The Swedish Postcode Lottery (Svenska Postkodlotteriet). This collaboration is set to enhance the way people participate in one of Europe’s most popular charity-based lotteries by providing seamless, secure, and fast payment processing solutions.

The Swedish Postcode Lottery’s commitment to innovation, society, and player experience aligns with Trustly’s mission to create simple, fast, and secure online payments. As a result of integrating Trustly’s services, users will be able to sign up for The Swedish Postcode Lottery using a seamless way to register the mandate / Direct Debit which is fully automated, quick, and safe.

Key Benefits for Participants:

• Modern Direct Debit sign-up without any need to remember or manually enter bank details
• Security & Reliability: Trustly’s solution eliminates the need for users to input sensitive information, which results in enhanced security

Trustly’s service now accounts for 60% of all checkouts – a significant share that highlights the strong uptake among users. Further product enhancements are expected to roll out in the coming months.

Mikael Glimbråten, Product Owner for the Payments team, The Swedish Postcode Lottery, said: “We are pleased with the successful implementation and collaboration with Trustly. Direct Debit has quickly become the most popular payment method Online for our customers. We are also happy to announce that more features are on the way, which will make it even easier for customers to register their mandates. We look forward to continued successful cooperation with Trustly.”

Johan Tjärnberg, CEO, Trustly, said: “We are thrilled to partner with The Swedish Postcode Lottery to enhance the user experience for lottery participants across Sweden. Our mission has always been to make online transactions as seamless, safe, and fast as possible, and this collaboration takes us one step closer to that goal.”

Trustly’s collaboration with The Swedish Postcode Lottery is the latest in a series of successful partnerships that Trustly has developed with notable European businesses and government departments. These include companies such as Hargreaves Lansdown, Foodora, and ITV, while Ecospend, a Trustly Company, recently announced the retention of its open banking contract with HM Revenue and Customs (HMRC).