Discover how our modern tech platform can power your business
Opening up our infrastructure to banks and fintechs to enable instant payments in the Nordics
Strong demand from both national and international payment players drives Lunar to open up its Nordic payment infrastructure to partners. Starting August 1st Swedish fintech Trustly will be the first partner to tap into Lunar’s account infrastructure.
The partnership between Lunar and Trustly is the first of its kind in Denmark where Lunar opens up its Nordic banking infrastructure and via an API handles third party payments and clearing. Through one single integration with Lunar's infrastructure Trustly will be able to offer instant payments in local currency.
“We built our payment infrastructure with the ambition to deliver the best everyday banking experience to our Nordic users. The added benefit of this massive investment was that we also suddenly experienced a huge interest from national and international banks and fintechs to use our payment infrastructure to access the Nordics”, says Ken Villum Klausen, founder and CEO at Lunar Group.
Lunar’s cloud-based banking infrastructure and API solution extends Lunar’s business to include Banking Services .
“Our infrastructure and API solution is cutting-edge and the Trustly partnership is a testament that we have a unique technology offering and a compelling business opportunity in front of us”, says Ken Villum Klausen.
The collaboration with Trustly is an important milestone for Lunar as it demonstrates how significant investments in cloud-based Nordic payment infrastructure can become a source of revenue. Lunar has clearing permits in Denmark, Norway, and Sweden and can offer access to cross border payments and clearing in the Nordics to third parties.
"We are delighted to partner with Lunar to further enhance our account-to-account payments offering in Denmark. Lunar’s API-based offering fits well with our payments platform and our payment solution allowing consumers a seamless way to pay merchants”, says Sandra Sennerlöv, VP Banking Relations & Partnerships at Trustly.
Starting in Denmark, Lunar and Trustly will together explore the expansion of the partnership to cover the entire Nordics.
Lunar is one of few banks with Nordic banking infrastructure and clearing permits in Denmark, Norway and Sweden.
Want to learn more?
You might also like...
Lunar launches Moonrise: Redefining payments in the Nordics
Big news from Lunar! We’re taking a significant step forward by introducing Moonrise, a first step towards a dedicated entity built to...
Plugging into Simple, Seamless Banking across the Nordics: Banking Services Explained
Instant payments should not be a maze of complicated systems and multiple setups. And in a world where instant access is key, we believe in...
New Partnership with Saldo Bank to Transform Nordic Banking and Payment Solutions
Lunar, the fast-growing Nordic challenger bank, announces a strategic partnership with Saldo Bank, a leading fintech and banking provider....
PPRO and Swish partnership to unlock Swedish consumer market for global businesses
Money 20/20 Europe, Amsterdam, 4th June 2024 - PPRO, the leading local payments platform, has announced its partnership with Nordic...