Trustly, the global leader in Pay by Bank, has crossed 120 million users worldwide — a landmark milestone that underscores the accelerating global adoption of open banking payments.
The numbers tell a compelling story: in the UK alone, more than 15 million consumers and businesses are active Pay by Bank users — nearly one in three adults — with total users growing 34% year-on-year. Across Europe, estimates place total adoption at 64 million users, while in the US, at least 100 million consumers have authorised a third party to access their bank account data.
What's Driving Trustly's Growth:
A payments and data network connecting thousands of banks across Europe and North America
Over a decade of transaction intelligence across gaming, e-commerce, financial services, telecoms, and the public sector
Leading brand partnerships including Booking.com, Lenovo, AT&T, and Virgin Media O2
Retained contract with HMRC — the UK's most significant open banking mandate
AI-powered recurring payments solution launched in 2025
Trustly ID — biometric payment solution for faster gaming logins in Europe
Scan & Pay — cashless gaming solution launched in the US market
Johan Tjärnberg, Group CEO at Trustly, said: "Surpassing 120 million users is testament to our central role in driving the momentum behind Pay by Bank globally. This reflects not only Trustly's market-leading position but also the growing trust and demand for Pay by Bank as consumers and businesses embrace faster and more secure ways to pay."
With open banking adoption accelerating on both sides of the Atlantic, Trustly's 120 million user milestone positions it firmly as the infrastructure backbone of the Pay by Bank movement.