Flywire expands Trustly partnership for open banking in U.S. and Canada

Flywire Corporation has expanded its partnership with Trustly to provide open banking payment support in the United States and Canada. This expansion allows users to authorize secure, large-scale domestic and cross-border payments directly from their bank accounts using their existing online banking credentials.

The initiative aims to reduce friction in the payment process by eliminating the need for manual entry of routing and account numbers, which can improve accuracy and reduce transaction failures. By utilizing the open banking infrastructure previously scaled in Europe, the partnership seeks to offer real-time visibility and a more modern digital experience for high-value bank transfers in North America.