back Back

PayNearMe taps Trustly to enhance Open Banking technology

By Gloria Methri

May 13, 2024

  • Europe
  • FinTech
  • iGaming
Share

Trustly, Open Banking, Payments, PayNearMe, FinTech, Sweden, Europe, USPayNearMe, a FinTech company specializing in advancing payment solutions, has signed a strategic partnership with Trustly. This collaboration integrates Trustly’s Open Banking solution into PayNearMe’s platform, granting operators access to modern banking channels for real-time deposits and withdrawals.

PayNearMe’s iGaming and Online Sports Betting clients can now accept guaranteed ACH deposits and instantly transfer winnings into player bank accounts. This integration also allows players to fund their accounts in real time using their secure online banking credentials, eliminating the need to enter bank account information manually.

“Our goal is to partner with best-in-class providers to offer a single integration and platform for all our clients’ payment needs while ensuring they have a future-proof payments roadmap. As we continue to enhance the MoneyLine Platform, we’re excited to partner with Trustly, the leader in open banking solutions for the iGaming and online sports betting market,” said Michael Kaplan, EVP and Chief Revenue Officer of PayNearMe. “Our iGaming clients get a proven, guaranteed deposit method, which reduces their risk, while their players get real-time access to deposited funds, improving their overall experience.”

PayNearMe’s iGaming clients can access pay by bank and other available payment types—cash, cards and mobile-first payment options, including PayPal, Venmo and Apple Pay—all with a single integration and contract.

“There is a clear move toward open banking, and we recognize the immense value it brings to our clients,” Kaplan said. “We plan to expand our partnership with Trustly to incorporate additional open banking capabilities into our platform and enable all of our clients to benefit from this innovative technology.”

“Trustly is proud to partner with PayNearMe, which shares our commitment to creating a seamless payment experience,” said Frederick Crosby, Chief Revenue Officer at Trustly. “This integration will streamline the transaction process and offer secure Open Banking Payments for both operators (with instant deposits) and players (with instant payouts). We look forward to growing this partnership as the demand for Open Banking solutions continues to rise.”

Previous Article

May 13, 2024

KeyBank launches virtual account management solution for treasury clients

Read More
Next Article

May 14, 2024

Atome & Taobao Singapore introduce BNPL payment option in Singapore

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Europe

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

Capital on Tap partners with Plaid in the UK

Read More

May 24, 2024

PPRO and Afterpay team to bring BNPL solution to US consumers

Read More

May 24, 2024

Boodil launches innovative Travel Payments Platform

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023