{"id":7904,"date":"2022-04-12T12:36:47","date_gmt":"2022-04-12T07:06:47","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=7904"},"modified":"2025-11-28T23:45:06","modified_gmt":"2025-11-28T18:15:06","slug":"exporting-to-europe-just-became-easier-with-razorpay","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/exporting-to-europe-just-became-easier-with-razorpay\/","title":{"rendered":"Exporting to Europe just became easier with Razorpay!"},"content":{"rendered":"

If you are an Indian exporter, you should care about the European market. The EU is India\u2019s second-largest destination for exports and is India\u2019s third-largest trading partner, accounting for \u20ac62.8 billion worth of trade in 2020.<\/span><\/p>\n

This is why you want to make it as easy as possible for your European customers to buy from your online store. Given the EU\u2019s diversity of payment instruments and habits, European shoppers might abandon carts if they don\u2019t find familiar and preferred digital payment methods<\/a>. This prevents many Indian businesses from being effective in selling their products digitally and directly to prospective customers in the many countries of Europe.<\/span><\/p>\n

To solve this problem, Razorpay has enabled the payment method Trustly, a favored European payments network that enables its 525 million users to make payments directly from their bank accounts without using credit or debit cards.<\/p>\n

As an Indian exporter, you can now leverage the Trustly network to expand your business in Europe. And leave all payments concerns to Razorpay!<\/span><\/p>\n

What is Trustly?\u00a0<\/span><\/h2>\n

Trustly Group is a Swedish \ufb01ntech company founded in 2008. It’s an open banking payment method that allows customers to shop and pay from their online bank account, without the use of a card or app. Its account-to-account network supports 6,300 banks, reaching 525 million consumers and bypassing card networks<\/a>.<\/span><\/p>\n

To date, Trustly is available in 18 countries: Austria, Belgium, Croatia, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Lithuania, Latvia, Netherlands, Norway, Poland, Slovakia, Spain, Sweden, and Great Britain.<\/span><\/p>\n

Another benefit: Chargebacks<\/a> are not possible with Trustly, as all transactions are completed by the consumer using dual-factor authentication. Disputes are handled first and foremost between the consumer and the business accepting the payment.<\/span><\/p>\n

\"\"<\/p>\n

How does Trustly work?\u00a0<\/span><\/h2>\n