Alternative Payment Solution: Giropay

2019-02-14
Price :
Published : Feb-2019
No. of Pages : 16

Alternative Payment Solution: Giropay

Summary

Giropay is an online credit transfer-based payment method. Founded in 2005, it allows online shoppers to make payments directly from their bank accounts.

It is supported by more than 1,500 banks and boasts a potential user base of over 35 million online banking customers in Germany.

Giropay payments are popular among retailers; they are guaranteed by the buyer’s bank, meaning they cannot be reversed. The payment method is gaining traction among airlines, with companies such as Deutsche Lufthansa, Singapore Airlines, and Transavia accepting Giropay payments for flight bookings. Giropay is also widely used for utility bill payments.

In 2014, Giropay and EPS Austria collaborated to provide cross-border payments via a single payment interface. Together with 6 million EPS customers, Giropay can be used by 41 million potential customers in Germany and Austria.

The report provides information and insights into alternative payment solution Giropay including –
– Detailed insight into its business
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its performance, including its revenue model
– The company’s important events and milestones.

Scope

– In 2006, Giropay was launched in Germany.
– Giropay is an online credit transfer-based payment method.
– Giropay entered into an interoperability agreement with EPS Austria to offer cross-border payments to customers via a single interface.
– In October 2018, partnered with payment services provider Checkout.com, enabling Checkout.com’s client base to accept payments using Giropay.

Reasons to buy

– Gain insights into Giropay’s business operations and key events.
– Gain insights into its product portfolio and revenue model.
– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Filed in: Banking & Finance
Publisher : GlobalData
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