Trustly, the European payments company, is pleased to announce it has processed in excess of €10 billion worth of payments since its inception in 2008. 41% of the total volume was processed in 2017 up until the end of October.

The volume growth follows Trustly’s pan-European expansion with consumers across 29 European markets being able to use the service to make payments and transfer funds in a simple, safe and convenient way.

“Achieving 10 billion EUR in payment volume is an important milestone for us at Trustly,” said Oscar Berglund, CEO of Trustly. “It illustrates how our payment product is quickly becoming the preferred online payment means for many consumers across Europe. Using Trustly, it is as easy to pay directly from one’s online bank account as it is to pay cash in the physical world.”