In a recent press release, two of the biggest players in the Swedish fintech industry, Trustly AB and Paynova announced their new partnership. The two companies joined efforts in collaboration behind closed doors to create eBill. A new electronic payment solution whose purpose is to tackle the numerous obstacles faced by large and medium companies when dealing with recurring invoices.
Based on an already existing knowledge, and previous expertise cumulated by both companies from similar projects, eBill is the perfect combination between Trustly’s Pay Your Invoice, and Paynona’s in-house billing platform Elastq.
With the new electronic billing solution, companies with recurring purchases will allow their customers to pay their bills in a fast, easy, and flexible manner through eBill's digitalized platform. According to the companies’ representatives, the solution is due to the market as early as spring 2020.
Electronic invoices with eBill by Trustly and Paynova
The success of the new solution is more than anticipated, as both companies come in with tremendous experience from previous ventures in the fintech industry. Established in the year 2000, Paynova has managed to comfortably establish itself in the industry. Today, the company is counted among the household names in the Swedish financial and iGaming industries.
Paynova offers an agile platform for digital credit solutions, credit card payments, automatic invoice generation, and eWallets. The company’s current focus is to supply white label invoice solutions that will help merchants digitalize the customers’ journey and experience.
Trustly’s latest success stories are testimonies to its commitment to lead the fintech industry into a better future. The launch of yet a new platform “eBill”, which will join the already large family of payment solutions provided by Trustly only proves the company’s fast adaptability to an everchanging market.
Although stained by the ongoing monopoly claims battle and rivalry with Zimpler, Trustly continues to exponentially grow its presence worldwide thanks to the Pay and Play solution for online casinos, and Trustly live for landbased establishments.