The Swedish payment initiation service Trustly has expanded to Germany to have a local presence while serving rising numbers of customers in the German-speaking world.

Working through PayPal and TransferWise, the fintech supplies direct payment technology that allows online retailers to receive payments for and dispatch items more quickly while letting buyers make online payments in a fast, simple and secure manner.

It currently works with over 3,000 banks in 29 European markets. The new regional office in Cologne currently has a staff of five, but this is expected to double.