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Trustly regains the market trust with massive investment by BlackRock

Trustly regains the market trust with massive investment by BlackRock

Trustly receives a massive investment from BlackRock. Online payments are mainly related to credit cards. Still, there is a new startup that is developed a profitable alternative, allow fast and easy payments by bank transfer. The new fintech company is Trustly from Sweden. This is a platform that offers ease to all users to receive an account to account payments. This June 2020,  Trustly has announced that it has raised a significant round of funding from investors’ groups led by BlackRock. The company had not disclosed the amount of the investment.

The growth of Trustly depicts a bigger picture of fintech companies are developing to maturity. Before Trustly, when people needed to use online payment methods, they used debit cards and credit cards because they had no other payment options. In early 2000 PayPal and the mobile revolution opened up the world of eWallets.

In some areas, bank transfers are not very suitable as a payment method. But, in some countries like Poland, the Netherlands, Finland, and Estonia as well as Austria, this payment method is highly prevalent. This is the reason most of the consumers prefer to pay via bank transfer. There are several reasons for this shift because there are many security issues around card use, such as card hacking, stealing data, card fraud, and many more.

Trustly group ab works for the ease of the clients. When someone chooses to pay by bank transfer, the network of Trustly pays into a merchant account. This system is as safe to use as an online banking interface. This is the reason; this platform has no chances of frauds and breaches that you see in the card.

For instance, this form of payment is ideal for online betting. It is a pay n play solution for the punters. These days, online betting is at its peak, and most of the betters find it hard to pay online. This is the best source that charges the transaction fee to the users that use the Turstly platform to get the payments. The use of credit cards will cost you more money.

Cutting edge technologies help provide the ability to make direct online payments from better’s bank account safely. Additionally, it allows for easy and instant cashout. They do not need to sign-up or install any software.

Playing online casinos using the latest technologies became highly suitable. With this payment method, you will be able to transfer your money without leaving the site or the casino app. The service is provided in European currencies like DKK, SEK, PLN, and the EUR.