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Trustly partners Bokadirekt on instant payouts for salons in Sweden

By Gloria Methri

February 22, 2023

  • Bokadirekt
  • FinTech
  • Instant Payments
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Trustly, Open Banking Payments, Instant Payments, Nordics, Sweden, Instant Payouts, FinTechGlobal payments platform Trustly has partnered with Bokadirekt, the booking platform for health and beauty services, to enable instant payouts for beauty salons in Sweden.

Through the partnership with Trustly, Bokadirekt will be able to offer all merchants faster access to their funds, by processing instant payouts instead of being limited by bank day cut-off times. Beauty salons will now receive funds from consumers directly into their bank accounts, instead of having to wait for one to three business days.

According to Gustaf Tunhammar, Head of Business Development at Bokadirekt, two million bookings are processed on its platforms each month. “With Trustly as our partner, we can offer faster payouts which improve the liquidity of our merchants and provide a level of comfort that we have not been able to offer before. Trustly’s platform has also made the job for our team a lot easier, as it fully automates the payment submitting process,” he said.

Olof Wirfelt, Chief Commercial Officer at Trustly, added, “We have used our payment infrastructure to enable a technical solution in which over 20,000 beauty and health service providers across Sweden are able to receive payments for their services instantly. We believe this shows the advantages of Trustly’s fast and secure solutions while empowering the connected merchants of Bokadirekt.”​

Founded in 2008, Trustly serves 8,100 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries. In 2021, the company processed over $28 billion in transaction volume in its global network.

Earlier this month, Trustly announced a partnership with APEXX Global, a payment orchestration platform, to offer modernised recurring payments to merchants in Europe.

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