Trustly, the global leader in Pay by Bank solutions, has announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank, the Swedish Central Bank, solidifying Trustly’s leading position in instant payouts. 

Representing an important milestone for the company in its home market, Trustly will be the first third-party provider to support RIX INST-powered instant payouts and will now offer instant payout coverage for all Swedish banks and their customers. 

The move is also a significant development for the broader Swedish payments ecosystem, removing barriers to offer merchants instant withdrawals and simplify payouts for users. 

Merchants can now instantly refund and pay out to customers of leading Swedish banks – including ICA Banken, Länsförsäkringar, and Skandiabanken – while the change will also be a seamless experience for Trustly’s merchants, with no API changes required. 

This latest enhancement to Trustly’s offering will be rolled out initially for its iGaming customers before expanding to other verticals. 

Johan Tjärnberg, Group CEO of Trustly, commented: “This marks a significant milestone for Trustly and the Swedish payments ecosystem. Offering instant payouts has always been the core of what Trustly does, with our services already supporting broader schemes such as SEPA Inst across the Eurozone as well as local schemes such Straksoverførsel in Denmark. By now supporting RIX-INST, we have closed the final gaps in instant payouts in our home market, ensuring a faster and more reliable payment experience for businesses and consumers alike.”