Barely two years after Klarna announced its peer-to-peer payment app called Wavy, the Swedish company pulls the plug on the app. Some functions of the social payment application will be integrated into the Klarna app.
As an online retailer you love to make money, right? Of course, that’s what this business is all about! But what are the payment options you can choose from when you want to sell in, let’s say, Spain? Or when you have Dutch customers? Here in this category you’ll find all the articles we’ve ever written about online payments. So scroll as much as you’d like and maybe you will find some interesting payment news!
J.P. Morgan was named the number one ecommerce acquirer, by web transaction volume, in Europe. When the overall transaction volume is taken into account, the financial services provider happens to be the fourth largest merchant acquirer in Europe.
iDeal is getting increasingly popular among Dutch consumers. The payment method was used for 59 percent of online purchases in the Netherlands last year. That’s an increase of 3 percentage points compared to the situation one year before.
Consumers in Ireland are rapidly increasing their usage of card payments. At the same time, paying with cash is getting less popular. The fast growth in popularity of card payments goes hand in hand with a significant increase in online shopping in the past year.
Starting today, AliExpress customers in the Netherlands, Germany, Austria and Finland can choose when and how they want to pay for their goods. This is the result of a partnership between Klarna and AliExpress’ payment service provider Adyen.
Checkout.com, a London-based provider of online payment solutions has raised 230 million dollar (206 million euros). It’s Europe’s largest fintech Series A round ever. It’s the first time the payment solutions provider is taking funding from outside investors.
Apple Pay is coming soon to the Netherlands. And the first partner is known. Major bank ING will be the one introducing Apple Pay on the Dutch market. It’s not exactly clear when consumers will be able to pay with Apple Pay in the Netherlands.
eBay is introducing its Managed Payments offering in Germany, making this the second country, after the United States, where eBay gives consumers flexibility and choice in payment methods.
Fidelity National Information Services, a major financial service technology company from the US, has announced it will acquire Worldpay for over 30 billion euros. It’s the largest deal to date in the quickly growing electronic payments industry.
Ant Financial, the Alibaba-owned fintech company, has acquired currency exchange and payments company WorldFirst. By taking over the UK company, Chinese internet giant Alibaba can take a major step into Europe.
Nets, a payment service provider from the Nordics, has announced its strategic alliance with Przelewy24. This is a major online payment service provider from Poland. This news comes after Nets recently acquired Dotpay/eCard.
iDeal, the most popular payment method in the Netherlands, is being used more and more on mobile devices. Currently, seven out of ten iDeal payments are done from a smartphone or tablet. Mobile person-to-person payments are particularly popular.
Alipay, the fintech company owned by Alibaba, has obtained an electronic money license in Luxembourg. With this license, Alipay can serve the European market. The Asian payments company is already present with a licensed entity in London, but it can now serve customers across Europe.
Online retailer Otto says it’s the first ecommerce company in Germany that enables instant payments for its customers. Thanks to a cooperation with Hanseatic Bank, Otto claims it’s able to offer a better service, like faster delivery, now customers can transfer money instantly.
Google Pay has continued its global expansion and is now also available in France. Customers from six different banks in France can start using Google’s mobile payment service. Google Pay can also be used at several online services and retailers in France.