Thanks to the technology offered by Trustly, there’s no longer a need to spend time manually entering your card number. Trustly conducted a survey of 10,000 individuals, revealing that 73% of them prioritize ease of use over any other criterion. Additionally, 28% stated that they become impatient when spending more than a minute on a purchase transaction. When we embarked on open banking 15 years ago, we provided a solution for these consumers. This solution is now being used across major industries worldwide.

In e-commerce, while security is a crucial element in building trust, it shouldn’t be an obstacle. The challenge lies in ensuring enhanced security seamlessly. Fifty percent of buyers consider security a top priority, while merchants constantly face the issue of remote payment fraud. This type of fraud, prevalent in online card transactions, exposes businesses to chargebacks and financial losses. It occurs when stolen card data is used for unauthorized purchases, with merchants often bearing the consequences. Trustly, on the other hand, provides better protection to merchants against such fraud. By using account-to-account payment methods, merchants can bypass issues related to remote payment fraud, significantly reducing the risk of defaults. For merchants, the challenge lies in integrating strict security measures that remain unobtrusive, ensuring a secure and smooth payment experience. Biometric solutions such as facial recognition or fingerprint readers are becoming the norm, offering high security levels without the inconveniences and risks associated with traditional card payments.