Global Gaming extends Trustly Pay N Play contract to include new markets

Global Gaming has extended its deal with payments provider Trustly to include new markets beyond Sweden, Finland and Estonia where the operator currently operates its Pay N Play function.

The Malmö-based firm said the partnership would serve to lower transaction costs and improve gross margins from 2019 and onwards.

Global Gaming CEO Joacim Möller said: “The partnership with Trustly means we will continue to develop the Pay N Play concept in Sweden as well as in new markets.

“I am convinced that we are well positioned to continue to build on the success we have had in recent years,” Möller said.

Trustly CEO Oscar Berglund added: “Global Gaming has been in the forefront of leveraging Pay N Play to deliver a best-in-class user experience. We look forward to continuing to develop our partnership and see great potential for the launch of Pay N Play in new markets.”

Global Gaming last week promised to adopt “cost-saving and streamlining measures” after the operator failed to hit its internal Q4 revenue targets.

The Swedish firm reported a Q4 revenue increase of 35% to SEK 236m (£19m), marking a significant drop-off from the 93% year-on-year increase experienced in Q3.