Payments supplier Trustly, which works extensively within the gaming sector, has announced the completion of its acquisition of SlimPay.
An initial statement was released on 29 August and, since then, regulatory approvals from the French banking supervision authority have been received.
The aim of this 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.
While SlimPay has relationships with brands in utilities, insurance, transportation, media and fitness
Trustly Group CEO Johan Tjärnberg said: “SlimPay’s unique product capabilities, fused with Trustly’s innovative technology, are a game-changer for recurring payments in Europe. Our alliance synergizes Trustly’s expansive reach and SlimPay’s specialized expertise, creating a comprehensive, pan-European offering that already has attracted top-tier global brands.”
SlimPay CEO Jerome Traisnel added: “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.”
This news follows on from the introduction of Trustly Azura, which is a payments engine that aims to enhance the user experience through personalisation and data optimisation, with the inclusion of SlimPay expected to make an even easier and more efficient payment process.
In June of last year, Tjärnberg spoke to Gambling Insider in an exclusive Q&A about the aims of the company, as well as Azura.
