Top 5 Trustly Alternatives for Open Banking [2025]

If you’re exploring ways to improve your payment infrastructure using open banking, you’ve likely come across Trustly. Known for its account-to-account (A2A) payments and wide European bank coverage, Trustly has been a key player in powering frictionless checkouts—especially across sectors like iGaming, e-commerce, and fintech.

But as payment expectations evolve and businesses scale across borders, many are starting to look beyond Trustly. Whether it’s due to limited market coverage outside Europe, a lack of flexible integration tools, or the need for real-time data access, businesses are exploring alternatives that offer greater speed, scalability, and control.

In this blog, we’ll compare five strong alternatives to Trustly in 2025. Each one brings a unique advantage—whether it’s faster onboarding, better support for UK regulations, lower fees, or access to financial data for compliance and customer insights.

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Understanding Trustly: Strengths and Limitations

Trustly is a Sweden-based open banking provider that allows businesses to accept real-time payments directly from customer bank accounts. Since launching in 2008, it has grown into one of Europe’s most established A2A (account-to-account) payment networks, supporting over 12,000 banks across 30+ countries.

Designed with e-commerce, iGaming, and financial services in mind, Trustly removes the need for cards or digital wallets at checkout. Customers simply select their bank, verify with secure authentication (such as BankID), and approve the payment — all in one flow.

In recent years, Trustly has expanded to offer recurring payments, instant payouts, and data access features. However, as the open banking space matures, some businesses have started looking for providers that offer greater customisation, UK-first infrastructure, or simpler integrations.

Where Trustly Performs Well

• Extensive European Coverage
  Connects to over 12,000 banks across 30+ countries, making it suitable for EU-based operations and high-volume sectors.
• Fast Account-to-Account Payments
  Enables real-time fund transfers directly between bank accounts, helping improve cash flow and reduce card-related costs.
• Built-in Recurring Payments
  Supports recurring transactions through direct debit mandates, useful for subscriptions and scheduled billing.
• Secure and Compliant
  Fully PSD2-compliant with strong customer authentication (SCA) and regulatory safeguards.

Where Trustly May Fall Short

• Limited Financial Data Tools
  Compared to some open banking providers, Trustly offers limited access to real-time banking data for KYC, risk analysis, or financial profiling.
• Limited UK Focus
  Despite supporting some UK banks, Trustly is primarily EU-centric and does not offer full Faster Payments support or UK-optimised APIs.
• Lacks White-Label Control
  Businesses cannot fully customise the payment flow or brand the user experience, which may be a drawback for platforms requiring brand consistency.
• Integration Requires Technical Resources
  While robust, Trustly’s API requires developer time and resources, which may slow down onboarding for smaller teams.

Top 5 Trustly Alternatives for 2025

Provider	UK Bank Coverage	Real-Time A2A Payments	Financial Data Access	White-Label Support	FCA Authorised	Best For
Finexer	99% of UK Banks	Yes	Yes	Yes	Yes	Startups, fintechs, accounting firms
TrueLayer	95%+ of UK and EU banks	Yes	Yes	Branded	Yes	Fintech, lending, user verification
GoCardless	Strong UK/EU coverage	Limited (Instant Bank Pay only)	Limited	Yes	Yes	Subscriptions, SaaS, recurring invoicing
Volt	95%+ of UK and European bank accounts	Yes	No	Yes	Yes	Marketplaces, high-volume payment platforms
Bud	90%+ of UK bank accounts	Optional	Advanced	Yes	Yes	Lending, budgeting apps, personalised UX

1. Finexer

Finexer is a UK-focused open banking platform built for businesses that need fast, secure, and fully compliant payments within the UK market. Unlike Trustly, which primarily operates in EU regions, Finexer offers direct connectivity to 99 percent of UK banks and leverages the Faster Payments scheme for instant transactions.

Whether you’re a startup, fintech platform, or accounting firm, Finexer helps you launch payments, onboarding flows, and financial data integrations through one streamlined infrastructure. Its developer-friendly API and white-label flexibility give businesses full control over the user experience — without the heavy cost or complexity of enterprise providers.

With FCA authorisation and transparent, pay-as-you-use pricing, Finexer offers an accessible way for UK companies to unlock the benefits of open banking.

Why Choose Finexer?

• UK-Centric Infrastructure
  Finexer is built specifically for UK compliance and connects to nearly every UK bank via one integration.
• Real-Time Payments via Faster Payments
  Enables instant fund transfers using secure account-to-account rails.
• Full White-Label Flexibility
  Businesses can control branding, design, and customer flow — ideal for platforms wanting to stay on-brand.
• Built-In Financial Data Access
  Offers KYC, account verification, transaction history, and income insights through the same platform.
• Startup-Friendly Pricing
  No lock-in contracts or setup fees. Pay only for what you use.
• Go-Live 3x Faster
  Designed for fast deployment and lean development teams, helping you start accepting payments in days, not months.

Best Suited For

• UK-Based Startups and SMEs: Businesses seeking a reliable and efficient payment solution tailored to the UK banking ecosystem.​
• Fintech Applications: Platforms requiring real-time financial data access for services like lending, budgeting, and financial analysis.​
• Accounting and ERP Systems: Solutions aiming to automate bookkeeping, invoicing, and financial reporting through seamless bank integrations.

Finexer’s focus on the UK market, combined with its comprehensive feature set and commitment to security and compliance, positions it as a strong alternative to Trustly for businesses operating within the UK.

2.TrueLayer

TrueLayer is a prominent open banking provider headquartered in London, offering real-time payments, robust financial data APIs, and identity verification. Fully regulated by the FCA, TrueLayer is especially popular among fintech and financial services businesses needing reliable payment solutions coupled with deep access to banking data.

Unlike Trustly, which primarily excels in payment transactions, TrueLayer enables richer financial interactions. Its platform supports instant account-to-account (A2A) payments and comprehensive financial data retrieval—such as account balances, transaction history, and verification data—which can streamline KYC processes and enhance user experiences.

TrueLayer also supports Variable Recurring Payments (VRPs), making it suitable for fintech platforms that handle subscriptions or recurring charges. However, integration requires some developer resources, so it’s best suited for businesses with technical teams.

Key Features of TrueLayer

• Real-Time A2A Payments: Instant payment processing across major UK and European banks.
• Financial Data Integration: Provides real-time access to user financial data for advanced analytics, risk assessment, and KYC.
• Supports VRPs: Enables secure recurring payments without storing card details.
• Developer-Focused API: Offers detailed documentation and support to help tech teams integrate swiftly.
• Strong Compliance and Security: FCA authorised and compliant with stringent open banking security requirements.

Best Suited For

• Fintech Platforms: Apps requiring seamless integration of payments and financial data.
• Lending and Risk Assessment: Businesses needing instant access to detailed financial data for credit scoring and underwriting.
• Subscription-Based Services: Companies utilising recurring payments and requiring reliable, automated financial processes.

3. GoCardless

GoCardless is a leading UK-based provider known primarily for its robust Direct Debit solutions. While Trustly is optimised for immediate transactions, GoCardless shines in handling recurring payments, invoices, and subscription models. The company has expanded its capabilities by introducing “Instant Bank Pay,” an open banking-powered feature facilitating one-off account-to-account payments.

This combination makes GoCardless particularly useful for SaaS providers, subscription-based businesses, and professional service firms requiring efficient billing and cash flow management. With comprehensive UK and European bank coverage, GoCardless is fully regulated by the FCA and widely integrated with accounting and invoicing software such as Xero, QuickBooks, and Chargebee.

However, its primary strength remains recurring payments—companies requiring extensive financial data tools or real-time payouts may find its offering limited compared to other alternatives.

Key Features of GoCardless

• Recurring Payment Specialist: Highly effective for managing regular, automated billing.
• Instant Bank Pay (Open Banking): Supports real-time, one-off payments via open banking integration.
• Robust Integration Ecosystem: Seamlessly connects with popular accounting and billing platforms, simplifying payment reconciliation.
• FCA-Regulated and Secure: Compliant infrastructure with rigorous security standards for handling sensitive financial data.
• White-Label Support: Offers branded, customised payment experiences.

Best Suited For

• Subscription-Based Businesses: SaaS, memberships, and recurring billing scenarios.
• Professional Services: Firms that manage invoices, retainers, or scheduled collections.
• Finance Teams Seeking Automation: Companies aiming to reduce administrative overhead through automated payment reconciliation.

4. Volt

Volt is a UK-based open banking provider built specifically for platforms that demand high transaction reliability, speed, and performance. While Trustly provides solid European coverage, Volt differentiates itself through an advanced payment-routing engine, intelligently directing payments through the most efficient banking pathways. This capability significantly reduces failed transactions and enhances overall payment success rates.

With a developer-first approach, Volt offers robust APIs, detailed documentation, and comprehensive integration support. Fully FCA-authorised, it seamlessly connects to major banks across the UK and Europe, making it ideal for businesses requiring stable, high-volume, and real-time transaction processing.

Volt’s solution does not include extensive financial data tools, but it excels in delivering secure, instant payments at scale—ideal for marketplaces, gaming platforms, and fintech companies with demanding real-time requirements.

Key Features of Volt

• Instant Account-to-Account Payments: Real-time payment capabilities leveraging open banking standards.
• Intelligent Payment Routing: Automatically routes transactions via optimal bank connections, reducing payment failures.
• Developer-Friendly APIs: Provides powerful integration tools and technical documentation for efficient onboarding.
• Highly Scalable Infrastructure: Designed to support high transaction volumes with minimal latency.
• Fully FCA-Regulated: Ensures compliance and reliability within the UK financial ecosystem.
• Customisable White-Label Solutions: Enables businesses to control branding and user experience.

Best Suited For

• High-Volume Marketplaces: Platforms requiring rapid and reliable payment processing.
• Gaming and Betting Platforms: Industries needing instant deposits and payouts with minimal transaction failures.
• Custom Applications and Fintechs: Companies with developer resources seeking highly customisable payment flows.

5. Bud

Bud is a UK-based open banking specialist known for its powerful financial data aggregation and insight capabilities. Unlike Trustly, which primarily offers payment processing, Bud excels by delivering in-depth, real-time financial insights designed to enhance user experiences, credit scoring, and risk management processes.

Bud’s API seamlessly integrates with major UK banks, enabling businesses to access detailed financial data such as income verification, spending categorisation, and affordability checks. While payments aren’t its primary offering, Bud does provide optional account-to-account payment features to complement its data-driven approach.

Fully authorised by the FCA, Bud is particularly suited to lending platforms, personal finance apps, and any fintech aiming to build highly personalised financial services based on accurate, up-to-date user data.

Key Features of Bud

• Advanced Financial Data APIs: Real-time transaction data, user spending categorisation, and income verification.
• Optional Payment Features: Supports account-to-account payments as an added capability.
• Comprehensive UK Bank Coverage: Connects seamlessly to most major UK banking institutions.
• FCA-Regulated Platform: Ensures robust compliance, security, and privacy for financial data handling.
• White-Label Capability: Allows for fully branded customer experiences and integration into your product ecosystem.
• Developer-Friendly Integration: Comprehensive documentation and tools designed to accelerate development timelines.

Best Suited For

• Credit and Lending Platforms: Companies needing detailed customer financial profiles for accurate underwriting.
• Personal Finance and Budgeting Apps: Platforms looking to deliver tailored insights and budgeting tools based on live financial data.
• Businesses Requiring Personalised Financial Services: Fintechs aiming to offer highly customised financial experiences to users.

Which Trustly Alternative Is Right for You?

Trustly has played a significant role in advancing account-to-account payments, particularly across Europe. But as open banking evolves, many businesses are now seeking more tailored solutions — ones that offer better UK bank coverage, faster setup, custom branding, and access to real-time financial data.

Each provider listed in this guide brings something unique to the table. Whether you need recurring billing support, developer-friendly APIs, or data-rich onboarding, there’s an option that fits.

But for UK businesses that want to simplify payments without compromising on control, compliance, or scalability, Finexer stands out. With 99% UK bank coverage, Faster Payments integration, white-label flexibility, and built-in compliance tools, Finexer is built to help businesses start small, move fast, and scale smart.