Six Trustly alternatives: Comparing the best open banking providers

As a payment service provider or a financial institution looking for Trustly alternatives, you probably want to tick the following requirements off your list when choosing the best open banking solution:

Broad bank coverage across the Nordics, the UK, and Europe
A robust and customisable infrastructure that allows you better brand control than Trustly currently provides
Fast payments via Pay by Bank, bulk options, and VRPs for B2C and B2B use cases
Strong onboarding assistance and dedicated support teams to rely on

In this article, we will walk you through the six best Trustly alternatives so you can find an open banking partner who’s best suited to your business needs:

Yapily is an infrastructure-first open banking solution with strong B2C and B2B connectivity, with strong coverage in the Nordics and the rest of Europe. Get in touch with one of our experts to find out how we can help you grow your business.

Compare Trustly alternatives at a glance

	Yapily	Trustly	TrueLayer	Bud	Finexer	Tink	Token
Coverage	Over 2,000 banks in 19 European countries, including the Nordics	Over 29 countries in Europe, Canada, and the US	21 European markets	UK, EEA countries via Lithuanian license, US (in expansion phase)	The UK	18 markets in Europe	21 markets in Europe
White-label customisation	Full capabilities + hosted pages	Not white-labeled	Limited	Customisable data access flows	White-label solutions	Supports white-label Pay by Bank integration	White-label solutions
AIS/PIS	Both	Both, strengths in payments	Both, but payments-focused	Mainly AIS	Both	Both	Both
Bulk payments
VRPs	+ commercial VRPs		+ commercial VRPs			+ commercial VRPs	+ commercial VRPs
Financial data aggregation		but more payment-focused
Data enrichment
PS2D compliance

1. Yapily: Europe’s leading open banking infrastructure platform with extensive coverage and strong business account connectivity

Since we’re the ones writing this article, we’ll introduce ourselves first.

At Yapily, we connect you with major European markets like the UK, Germany, France, and the Nordics. We provide you with a robust infrastructure suitable for companies of any size, and with our white-label customisation, your brand and flows take centre stage while we provide regulated open-banking connectivity and infrastructure.

Yapily is good for:

Banks, financial institutions, lenders, and credit providers that want to streamline onboarding, speed up lending decisions, and offer embedded Pay by Bank
Payment providers looking to replace or supplement card rails with lower-cost, real-time, and secure bank transfers, and who want to expand into A2A payments quickly, without building bank integrations from scratch
Scaling fintechs (like wealth platforms or personal finance management apps) seeking instant onboarding and quick market entry
Enterprise-level B2B platforms (like cash management SaaS) that want easily scalable infrastructure, bank-grade security, and full API control for customised flows

Yapily’s key features:

Payments: Initiate direct and real-time A2A payments, including single, scheduled, bulk, variable recurring, and commercial variable recurring payments
Data: Retrieve account, balance, and transaction data in real-time with a secure API connection.
Data Plus: Enrich transaction data andand categorisecategorise transactionsnormalising merchant and payment processor names.
Validate: Verify bank account ownership instantly, speeding up KYC/AML flows while reducing resources.
Hosted pages: Go live fast with our highly customisable hosted solution that enables you to add branding elements like colours, fonts, and copy to your payment flow
Full white-label solution through our Direct Integration: Build your own fully branded customer journeys for complete control
Enterprise-ready infrastructure: Make use of our FCA-regulated, ISO 27001-certified infrastructure that’s suitable for businesses of any size and remains stable even with a high volume of transactions
Extensive coverage across Europe and the UK: Reach over 2000 banks in 19 major European markets and scale across borders with a single provider
Strong and varied account connectivity: Connect to consumer, business, corporate, and wealth accounts
Developer-first platform: Benefit from a platform built for engineers, not just plug-and-play merchants, and make use of our extensive documentation, sandbox environment, and strong support teams

To give you a better idea, here’s what you’ll get with Yapily:

1. Pay by Bank and enriched data services across 19 European countries to help you build strong and wide networks

Like Trustly, Yapily provides broad European coverage to help you target customers in your key regions and expand your client base as you scale internationally. Yapily connects you with over 2,000 banks across 19 countries, including the UK and the Nordics.

However, it isn’t just the number of territories that defines the quality of a provider’s bank coverage; it’s also the type of accounts they can access. If you’re looking to access business bank account data or run B2B payments, such as a PSP catering to marketplaces, you need strong business account connectivity. Yapily is the leading player in this field.

What’s more, we hold both PISP and AISP licenses. If you want to offer data services first, for instance, you still have the option to add Pay by Bank further down the road – via the same integration. As an example, lenders often start with AIS for affordability and credit assessments before adding repayment options using PIS later on.

2. Enterprise-ready API and strong support teams that make scaling quicker and easier

We built Yapily for businesses of any size, from small companies to large enterprises.

Our platform is excellent for both e-commerce and other B2C use cases as well as more B2B scenarios. By offering quick deployment of Pay by Bank, advanced data capabilities, and enterprise-grade control, we deliver the flexibility businesses need to scale and succeed.

Our goal is to be your partner, not just an open banking platform. This means we provide our clients with strong onboarding support, comprehensive technical guidance for developers, and dedicated ongoing support by our team of experts to quickly fix any operational issues and ensure you maximise the power of open banking for your business case.

3. Hosted and white-label solutions that let you position your brand front and centre

If your customers see your brand throughout the payment process rather than unfamiliar third-party logos, it builds trust which drives conversion.

Yapily’s Hosted Pages make this easy. They give you a fast, out-of-the-box way to offer Pay by Bank and data-sharing experiences that look and feel like your own, without the need for heavy development work. You can customise the design, copy, and branding to fit your product while we handle the compliance, security, and connectivity in the background.

For companies that want full control over the payment experience, Yapily also offers a direct integration option, giving you the flexibility to build and own the entire payment flow yourself.

Case Study: How Yapily helps Crezco enable seamless, real-time A2A payments across the UK and Europe

A UK-based fintech launched in 2020, Crezco’s mission is to deliver the seamless, low-cost experience of B2C card payments to the B2B space.

Helping over 5,000 businesses solve the issues that come with late payments, fees, and complex reconciliation processes, Crezco has been built on open banking from the get-go – and Yapily was their platform of choice thanks to our extensive coverage across the UK and Europe, as well as our focus on robust infrastructure.

Powered by Yapily, Crezco offers its customers quicker checkout options that speed up the payment process, reconciliation automation, the collection of recurring payments, and more frictionless onboarding. It also integrates with accounting software for better cash flow management.

Since partnering with Yapily, Crezco has decreased debtor days by an average of 27% for accountants and accounts teams. Some customers have even seen a reduction of as much as 66%.

Crezco has also helped their customers save an average of £1000 on fees for every 25 invoices and increased account-to-account payments by 71%.

To find out more about how partnering with Yapily can help your business grow, get in touch.

2. TrueLayer

TrueLayer is a UK-based open banking and payments platform founded in 2016. It provides secure APIs for instant account-to-account payments, real-time financial data, and identity verification.

Unlike Trustly, whose primary focus is on payment initiation services, TrueLayer provides both Pay by Bank and data services, which means customers can access transaction history, verify identity, and speed up KYC checks.

TrueLayer’s Signup+ feature combines user onboarding and payment initiation in a single transaction, making it quicker to verify identity while collecting payment.

TrustLayer’s key features:

Pay by Bank: Send instant and secure A2A payments
Real-time data: Access accounts, balances, and transaction histories
Variable recurring payments: Manage VRPs like subscriptions or automatic transfers
Signup+: PIS and AIS in a single transaction
Developer tools: Comprehensive SDKs, hosted pages, and a Console for integration and testing

3. Bud

Bud Financial is an AI-driven open banking platform founded in 2015 in the UK. Their mission is to simplify financial decisions by turning raw transaction data into comprehensive customer insights.

Bud specialises in transaction enrichment, rich analytics, money management tools, and affordability assessment solutions that streamline lending decisions.

The company operates in the UK, the US, and Europe, with its European operations centred in Lithuania after Bud secured its AISP license through the Bank of Lithuania.

Bud’s key features:

Enrich: Three degrees of granularity and over 210 categories, merchant identification, location detection, and recurring transactions identification
Drive: A customer data platform with AI models detecting patterns of interest and other data for each customer
Assess: Real-time overview of a customer’s affordability and risk profile
Engage: Deeper insights into personal finance combined with engaging user interfaces, from spending analysis to weekly summaries

4. Finexer

Finexer is a UK-based fintech and open banking platform that provides businesses with seamless access to real-time financial data and instant bank payments.

This provider’s primary focus is on the UK market. Finexer collaborates with companies like Sysynkt and VirtualSignature-ID.

Finexer’s key features:

Infrastructure that caters to UK customers: Finexer was specifically built for UK compliance
Data aggregation: An identity verification process to help with KYC & AML checks, consent management, and transaction categorisation
Instant payments: Real-time A2A transactions via Faster Payments, including Pay By Bank, bulk payouts, and variable recurring payments
Fast integration: Built for quick deployment to accelerate time-to-market
White-label customisation: Customers get full control over their branding and flows

5. Tink

Established in Stockholm in 2012 and acquired by Visa in 2022, Tink is an open banking platform that allows various organisations to aggregate financial data, initiate real-time payments, enrich transaction data, and verify account ownership.

Tink currently serves around 18 European markets and is often used for easier customer onboarding, account top-ups, or invoice settlement.

Tink’s key features:

Real-time payment initiation: A2A payments via Pay by Bank, VRPs, and payouts
Instant data access: Account details, transactions, investment data, loans, and balance checks
Risk decisioning: Income verification, affordability assessments, and risk insights
Finance management tools: Money coaching for users, data enrichment, and more detailed merchant information

6. Token

Token is an open banking solution founded in San Francisco, California, with offices in London and Berlin. Token holds the necessary authorisations to act as both an AISP and a PISP. It serves clients in banking, financial services, e-commerce, crypto, and iGaming.

Token offers its A2A payments and data service across 21 markets, such as the UK, Germany, Poland, and Sweden.

Token’s key features:

A2A payment infrastructure: Pay by Bank solutions, real-time payouts, and support for VRPs
Combined PIS and AIS: Reduced integration complexity thanks to both services being offered via one API
giroAPI Scheme: Admitted to Germany’s giroAPI payments standard, and therefore enabling micropayments without SCA, as well as recurring and future-dated payments
Built for scale: Enterprise-grade infrastructure with a self-service dashboard

Partner with Yapily as your Trustly alternative

Like Trustly, Yapily delivers real-time A2A payments with connections to banks in the Nordics and beyond. We’re also the first open banking provider to roll out commercial VRPs in the UK later this year, and our solution is a developer-first, enterprise-grade platform, making us the ideal choice for PSPs, financial institutions, and fintechs looking to scale.

With our white-label customisation, you get to position your brand front and centre and design your own flows while we ensure things are running smoothly in the background. And since we’re authorised as both payment initiation and account information services providers, we make it easy for you to implement Pay by Bank and access bank information via a single API.

Get in touch to learn more about our extensive European coverage, strong business account connectivity, and B2C & B2B use cases in e-commerce and more.

FAQs: 6 Trustly alternatives: comparing the best open banking providers

1. What are the best alternatives to Trustly?

The best alternatives to Trustly include Yapily, TrueLayer, and Tink. These providers offer a good mix of open banking payment initiation, account information, variable recurring payments, data enrichment, and bank coverage.

2. What Trustly alternatives have white-label customisation?

Yapily is a good Trustly alternative with full white-label customisation, as well as hosted pages for faster time-to-market. Other options include Token or Finexer.

3. Which Trustly alternatives support variable recurring payments?

Yapily supports variable recurring payments, and they’re also the first UK open banking provider to roll out commercial VRPs. Other providers offering VRPs include TrueLayer, Finexer, Tink, and Token.

4. Who offers transaction data enrichment like Trustly?

Open banking providers like Yapily offer data enrichment for normalised merchant names, spending categorisation, and the flagging of recurring payments. Bud is also a good choice if your focus is on data services rather than payment initiation.

5. Which open banking providers have the best coverage in the Nordics?

Alongside Trustly, Yapily offers extensive bank coverage in the Nordics, including Sweden, Norway, Finland, Denmark, and Iceland. Tink is also a popular choice.

Sources

As far as Yapily is aware, the information presented in this article is correct as of 02/02/26 and has been derived from publicly available sources. Yapily has not undertaken any further investigation or qualification of any information stated in this article to verify the accuracy of information taken from public sources. The data has been sourced directly from the following sources as of 02/02/26