“Can a mid-market European PSP broaden beyond acquiring into a full embedded commerce stack (lending, cards, POS) for omnichannel merchants?”
Founded in 1997 as Secure Trading, the company rebranded to Trust Payments following a 2019 CORDET Capital Partners-led recapitalisation. Today it operates as a UK/EU payment service provider with its own FCA-authorised and MFSA-licensed entities, offering acquiring, gateway (TruConnect), POS (TruPOS), and adjacent embedded finance products (business financing via YouLend, card issuing).
Trust Payments discloses Modulr as its banking provider, according to the Embedded Finance Index 2026.
Trust Payments does not disclose a bank charter of its own; its banking services are provided through Modulr.
Trust Payments processes payments through Trust Payments (self-operated).
Trust Payments's cards are issued through Weavr on the Visa network.
Trust Payments uses Trulioo for KYC and identity verification.
Trust Payments's lending and capital products are provided by YouLend.
The Embedded Finance Index 2026 maps 6 layers in Trust Payments's stack: Payments / PSP (Trust Payments (self-operated)); Banking / BaaS (Modulr); Card issuing (Weavr); Card network (Visa); Lending (YouLend and Business Financing (YouLend-powered)); KYC (Trulioo).
Trust Payments is founded in 1997 and headquartered in London, United Kingdom.
Get a read on where your own stack stands against Trust Payments and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.