Flywire expands Trustly partnership to deliver open banking payments across US and Canada

This partnership expansion makes it easier for your customers to pay for high-ticket items directly from their bank accounts without the friction of traditional wire transfers. By integrating Trustly’s open banking technology, Flywire allows shoppers in the US and Canada to authorize large payments instantly. For retailers and service providers, this means faster settlement times and lower risk compared to legacy payment methods. Customers benefit from a more modern checkout experience. They no longer need to manually enter routing numbers or deal with the delays often associated with ACH transfers. Instead, they log into their bank portal directly through the checkout flow to verify funds. This is particularly valuable for industries like healthcare, higher education, or luxury retail where transaction amounts often exceed credit card limits. By offering a secure, bank-direct payment option, you can improve conversion rates for your most expensive products and services while avoiding high credit card interchange fees.

Source: Finextra — Lending

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