GERMANY | SafetyPay™ partners with giropay GmbH to enable German customers of banks participating in the giropay scheme, to purchase goods and services in Europe, USA, Canada and Latin America from within their usual secure online banking session. Conversely, German online merchants are now able to address over 300 million bank customers worldwide via SafetyPay.
SafetyPay and giropay both offer online payments in a secure online banking environment, which guarantees that no sensitive data is disclosed anywhere. Covering more than 1,500 banks in Germany, giropay can be used by over 24 million online banking customers in the country. SafetyPay provides access to approximately 300 million bank customers in Europe, USA, Canada and Latin America.
"Our strategic partnership with giropay will shift secure online shopping to a whole new level in Germany," said Ralf Ohlhausen, President of SafetyPay Europe. "Our goal is to provide customers and merchants the safest possible way to buy and sell goods and services on the Internet. We are delighted to work with giropay, who we know also does not compromise safety when it comes to security and trust." Joerg Schwitalla, Managing Director of giropay, adds: "With this partnership, we provide customers of our participating banks a significant added value by enabling them to shop safely online worldwide."
The advantages of combining both systems can be illustrated by the example of a German tourist, who can now buy a flight ticket directly from a Mexican airline with his/her online bank account in Euros, or a German citizen living abroad can shop in that country and pay with their German bank account.
SafetyPay is a real time online-banking payment solution that enables hundreds of millions of consumers to shop from merchants worldwide and pay directly from their bank account in their local currency. The SafetyPay solution is available in the USA, Europe, Canada and Latin America. SafetyPay guarantees no fraud and no chargebacks while supporting mobile, call center applications, e-invoices, refunds and promotions. For more information, please visit http://www.safetypay.com.
giropay enables fast, easy and secure payment over the Internet via online transfer. To pay with giropay, customers need nothing more than a current account with a participating bank, activated for online banking. Directly after successful payment, the trader receives a payment guarantee from the bank and so can make goods or services available immediately and without risk. giropay has a wide network of points of acceptance as a result of integration in online payment systems such as PayPal. A large number of vendors also offer the giropay payment process directly in their online shop. In Germany, giropay is the only online transfer for Internet payment authorized by banks. Authorization data (PIN and TAN) are entered only in the online banking service of the participating bank. More than 1,500 banks in Germany already offer giropay. For more information, please visit https://www.giropay.de.
Stefanie Thieme, giropay
Sasha Hernandez, SafetyPay