Alternative Payment Solution: Giropay

2018-01-24
Price :
Published : Jan-2018
No. of Pages : 17

Alternative Payment Solution: Giropay

Summary

Giropay is an online credit transfer-based payment method in Germany. 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 is a prominent payment method for e-commerce purchases, accounting for approximately 3% of Germany’s total e-commerce transaction value in 2017.

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 now accepting Giropay payments for flight bookings. Giropay is also widely used for utility bill payments.

The report provides information and insights into alternative payment solution Giropay, including –
– Detailed insight into its business and geographical presence
– 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

– Giropay is an online credit transfer-based payment method in Germany.
– Giropay has enabled the authentication of online transactions of up to €30 without the use of a TAN.
– In 2014, Giropay and EPS Austria collaborated to provide cross-border payments via a single payment interface.
– In September 2017, Austrian Federal Railways added Giropay as a payment method for train ticket purchases.

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
More Reports
Title Price Buy Now

Payments Landscape in Serbia: Opportunities and Risks to 2021

Payments Landscape in Serbia: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Serbia: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Serbian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards, credit transfers, direct debit, and cheques during the review-period (2013-17). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017-21f). It also offers information on the country's competitive landscape, including the market shares of issuers a......
$2750

Alternative Payment Solution: Amazon Pay

Alternative Payment Solution: Amazon Pay Summary Amazon Pay was launched in 2007 as Pay with Amazon, before being rebranded as Amazon Pay. The solution enables users to pay for purchases on third-party partner merchant websites and apps using payment methods saved on the user's Amazon profile. In the US, Amazon Pay accepts credit and debit cards from major scheme providers including Visa, Mastercard, Discover, American Express, Diners Club, and JCB. Users can also make payments using their Amazon account balance. In India, Amazon offers the Amazon Pay Balance digital wallet, enabling customers to load funds and make purchases on Amazon.in and partner merchant websites and apps. In July 2017, Amazon Pay introduced a new payment service called Amazon Pay Places, which allows users to make......
$350

Fintech Profile: Neos

Fintech Profile: Neos Summary Neos is a mobile application offering Internet of Things (IoT)-powered home insurance in the UK. Scope The report provides information and insights into Neos, including - - Overview of the company and its product offering - Iinsight into its business operation, technology, revenue model, geographical presence, and target market - Information on funding, partnerships, and awards received - Biography of top management. Reasons to buy - Gain insights into Neos's business operations. - Gain insights into funding and partnerships. - Gain understanding about its target market and impact.......
$350

Fintech Profile: Kabbage

Fintech Profile: Kabbage Summary Kabbage is an online lending platform that offers a working capital line of credit (LOC) primarily to SMEs with an online presence. Scope The report provides information and insights into Kabbage, including - - Overview of the company and its product offering - Detailed insight into its business operation, technology, revenue model, geographical presence and target market - Information on funding, partnerships, and awards it received - Biography of top management. Reasons to buy - Gain insights into Kabbage's business operations. - Gain insights into funding and partnerships. - Gain understanding about its target market and impact.......
$350

HNW Targeting and Retention Strategies

HNW Targeting and Retention Strategies Summary "HNW Targeting and Retention Strategies", report analyzes and sizes key segments of the global HNW market, and provides detailed recommendations how to best target and service these individuals. The report also provides a detailed discussion on the effectiveness of different HNW client retention strategies. It is based on our proprietary Global Wealth Managers Survey. 48% of HNW individuals are professionals, making them the largest target market, closely followed by entrepreneurs at 46%. While considerably smaller in size, providers will also find HNW expats an attractive segment thanks to their more complex affairs resulting in a greater need for wealth management services. Despite the above segments' differing service requirements, we se......
$5250

Payments Landscape in New Zealand: Opportunities and Risks to 2021

Payments Landscape in New Zealand: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in New Zealand: Opportunities and Risks to 2021", report provides detailed analysis of market trends in New Zealand's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, payment cards, and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017-21f). It also offers information on the country's competitive landscape, including the market shares......
$2750

Payments in New Zealand 2017: What Consumers Want

Payments in New Zealand 2017: What Consumers Want Summary "Payments in New Zealand 2017: What Consumers Want", report examines the consumer payments market in New Zealand, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. New Zealand's cards and payments industry is well developed, and consumers are prolific users of payment cards. According to a February 2016 Mastercard survey, New Zealand has the lowest cash use among OECD countries, and around half of survey participants expect cash payments to cease in the next 10 years. A strong banked population and high financial awareness among New Zealanders has driven payment card penetratio......
$3450

PESTLE Insights: Macroeconomic Outlook Report – Israel

PESTLE Insights: Macroeconomic Outlook Report - Israel Summary Tel Aviv district and Jerusalem are the major regions of Israel where most of the economic activities take place. Financial intermediation, real estate and business activities contributed 31.6% to the gross value added (GVA) in 2016, followed by mining, manufacturing and utilities (13%) and transport, storage and communication (12.7%). According to GlobalData estimates, the three sectors (nominal terms) grew by 4.5%, 3.1% and 4.2% respectively in 2017. Scope - The overall TA 35 index (Israeli stock market index that lists 35 largest companies) exhibits an upward trend over the last one year. As of May 1,, 2018, TA 35 index stood at 1,463.8 as compared to 1,403.5 on May 3, 2017 - Majority of the inward FDI was directed towa......
$500

Broker Distribution Insight – Which Insurers Lead the Way?

Broker Distribution Insight: Which Insurers Lead the Way? Summary "Broker Distribution Insight: Which Insurers Lead the Way?", report explores which insurers brokers rate as best in class for 10 categories, including e-trading capability, extranet sites, product material, online support, and claims service. It highlights the standout insurers across the board and within each category over time. It also shows in which categories the top insurers are rated best by brokers. The report illustrates what brokers are looking for from insurers, enabling them to adapt their distribution strategy with broker needs in mind. Broker servicing in the commercial insurance space is dominated by a select few insurers that have continually surpassed their competitors in most performance areas. Aviva, All......
$1995

Alternative Payment Solution: TransferWise

Alternative Payment Solution: TransferWise Summary TransferWise is a global cross-border money transfer solution. Founded in the UK in March 2010, the solution now enables users to transfer money globally in 47 currencies to the recipient's bank account. TransferWise operates on a P2P money transfer model with a network of international accounts around the world. Instead of transferring the sender's money directly to the recipient in the foreign country, TransferWise redirects them to the recipient of another transfer going in the opposite direction, thereby eliminating the need for currency conversion and for funds to actually cross borders. This means Transferwise can offer lower transaction fees than its competitors. To diversify its portfolio, in May 2017 TransferWise introduced th......
$350
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy