Giropay is an online credit transfer-based payment method in Germany. Launched in 2006, 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 2016.
Giropay payments are popular among retailers, as, being guaranteed by the buyer’s bank, they cannot be reversed. The payment method is gaining traction among airlines, with companies such as Deutsche Lufthansa, Singapore Airlines, and Dutch Transavia now 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 4 million EPS customers, Giropay has 39 million potential customers in Germany and Austria.
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 revenue model, including its supporting merchants
The company's important events and milestones
In February 2006, Giropay launches in Germany.
Giropay enables authentication of online transactions up to €30 without use of TAN.
In November 2016, Singapore Airlines adds Giropay payment method for online flight bookings.
In December 2016, Deutsche Lufthansa adds Giropay payment method for online flight bookings.
This report provides a comprehensive overview of alternative payment solution Giropay, including its operations, history and geographical presence
It provides an overview of products and services offered, and explanations on how they work
It provides details of financial performance, including supporting merchants.
Reasons to buy
Gain insights into Giropay's business operations, geographical presence 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.