Tech giant Lenovo launches Trustly Open Banking payment method at online checkout in UK and Europe

Technology giant, Lenovo, is launching a new Trustly powered Open Banking at online checkout service for its customers in the UK and continental Europe. 

It says that this will provide customers with an alternative payment method that is less vulnerable to fraud, compared to the likes of credit or debit cards. 

Jussi Lindberg, Chief Revenue Officer, Trustly, comments: “We are thrilled Trustly is now available as a payment method for Lenovo’s customers. Our technology provides customers with a simple, fast, and secure way to pay.”

“Using Open Banking means payment speeds are as low as 10 seconds, making the checkout significantly quicker. We’re excited for Lenovo’s customers to use our technology for an enhanced payment experience.”

Angus Cormie, Head of E-commerce, EMEA, Lenovo, says: “We’re always looking for ways to transform our payment experience with innovative technology.”

“Offering Trustly’s Open Banking checkout service allows us to improve the checkout experience for our customers. The service will give our customers more choice with the option of using this quick and secure technology when making purchases.” 

Holland & Barrett

Last year, we reported that Trustly’s Open Banking-based payment method was now available on health and wellness retailer Holland & Barrett’s online store in the UK.

Holland & Barrett was one of the largest UK retailers to embrace this type of account-to-account payment technology and also Trustly’s first major e-commerce partnership on these shores since its acquisition of UK-based Open Banking platform provider Ecospend.

By implementing the  technology, Holland & Barrett says it will solve several payment challenges including refunds, reconciliation, and rising costs relating to payments.

It integrated Trustly’s services into its current infrastructure thanks to the latter’s long-term relationship with Adyen.