Swedish Startup Space

Groupon partners up with Swedish Trustly to allow direct bank payments

Written by on January 13

The U.S. exchange listed e -commerce company Groupon has implemented Trustly’s solution for direct bank e-Payments. In case you’ve been living under a rock (on Mars) for the last few years, Groupon is one of the largest companies in the e- commerce segment, and assists companies in 48 different countries to distribute offers to consumers.

Trustly develops safe, simple and cost efficient bank payment services online and on mobile devices. Trustly’s solutions attract global customers from three segments: Online marketplaces, the e-commerce trade and online gaming. During 2013 Trustly was ranked as one of Sweden’s ten fastest growing technology companies on the Deloitte Sweden Technology Fast 50 list. Trustly has approximately 45 employees and its headquarter is situated in Stockholm.

Carl-Henrik, COO of Trustly commented,

This is an important milestone for us, and also our largest customer to date in the e- commerce segment. We are thrilled that Groupon has shown us the confidence to manage their payments. In its first phase, Groupon has implemented Trustly’s solution online in Sweden and Spain.

Therese Maurin, Marketing Manager of Groupon Sweden commented,

By using Trustly we can directly provide convenient and secure payment method for all our online customers for seven different Swedish banks – Swedbank, Nordea, Handelsbanken, SEB, Danske Bank, Skandiabanken and Länsförsäkringar Bank. Direct bank e-Payments are both secure and easy to use, and we expect a stronger influx of customers who will select this payment method both online and later through the mobile application.

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