Trustly, the global leader in open banking, today announces a strategic partnership with foodora, a leading food delivery service. This collaboration will introduce an innovative new checkout service option for foodora customers. The new payment solution will be initially launched in Finland, with imminent plans for expansion into other European markets, including Norway, Sweden, the Czech Republic, and Austria. 

Its cutting-edge technology allows foodora customers to pay for food orders directly from their bank without requiring a credit or debit card. These customers will benefit from a smoother, and hassle-free payment process, ensuring quicker and more efficient purchases. The efficiency and reliability of Trustly’s technology can lead to higher customer satisfaction and more successful transactions. 

The payment solution offers several advantages, including reduced transaction costs for foodora and quicker payment processing for partners. By offering Trustly as a preferred payment method, restaurants and shops on foodora can potentially expect a rise in conversion due to the streamlined payment process. They will also benefit from Trustly’s unique collection model, which facilitates the fastest possible settlement, reduces fraud, and remits instant customer payouts for refunds or reimbursements, giving greater flexibility as a payment system. 

Trustly’s technology integrates seamlessly and operates with the utmost security, safeguarding customer data while enhancing their payment experience. It further bolsters security by encrypting data in transit and ensuring that customer banking details are never stored.

Herbert Haas, Chief International Officer Europe at foodora said: “We chose to partner with Trustly as its cutting-edge open banking payment solution aligns perfectly with foodora’s commitment to innovation and to improve the customer experience. Trustly’s technology offers a seamless alternative to traditional card payments, which not only improves the efficiency of transactions for our customers but also has the potential to increase conversion for our partners.”

Jussi Lindberg, Chief Revenue Officer at Trustly commented: “We are excited to bring Trustly’s open banking payment solution to foodora’s platform. Our technology is designed to make online payments as simple and secure as possible. By partnering with foodora, we aim to enhance the payment experience for both customers and vendors, driving higher conversion rates and customer satisfaction.”