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Competitor Profile: Giropay

Competitor Profile: 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.

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. Giropay is available to over 45 million customers in Germany alone.

The report provides information and insights into Giropay including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- 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 August 2019, Thai Airways added Giropay as a payment method for online flight bookings.

Reasons to buy

- Gain insights into Giropay's business operations and key events.
- Gain insights into its product portfolio.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
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Competitor Profile: Giropay
Published By :GlobalData
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