Trustly teams up with Wizz Air

Open Banking payments platform Trustly has formed a strategic partnership with low cost airline Wizz Air to enable travellers in Denmark, Finland, Norway, Sweden and the UK to pay for flights directly from their bank account.

The partnership, via global payments platform Adyen, means Wizz Air will also benefit from Trustly’s collection model, which offers fast settlement, fraud reduction and instant refunds for travellers.

According to head of travel at Trustly, Simon Eve, Trustly’s 2021 Travel Insights report revealed that 71% of airlines are now “actively exploring” implementing an account-to-account (A2A) payment option in light of PSD2.

“Wizz Air is at the head of the pack, demonstrating its commitment to innovation and a hassle-free traveller experience,” Eve added.

Viktor Mura, head of tax, treasury and investor relations at Wizz Air, said: “As a value-oriented airline focused on innovation throughout the traveller journey, Trustly was the obvious choice to provide a low-cost, simple and secure way for our customers to pay.

“The long-term partnership with Trustly allows us to further strengthen our low-cost value proposition to our customers in Denmark, Finland, Norway, Sweden and the UK.”

In May this year, Trustly acquired Open Finance company Ecospend, accelerating its UK expansion.

Trustly serves 8,100 merchants, and in 2021 processed over $28 billion in transaction volume in its global network.