NETHERLANDS | The British payment provider PPRO, in cooperation with the Chinese Alipay, has integrated the Dutch iDEAL online payment method into the AliExpress online marketplace. iDEAL is the number one online payment method in the Netherlands.
Alipay and iDEAL
The partnership between PPRO and Alipay allows all Dutch consumers to pay with iDEAL for their online purchases at AliExpress. AliExpress is an international marketplace for Chinese webshops selling various goods to consumers, ranging from electronics to fashion wear. AliExpress and Alipay are businesses of the listed Chinese Alibaba Group.
Alipay offers safe and secure online and mobile payment services to marketplaces. Alipay cooperates with over 200 financial institutions and provides payment solutions to almost 10 million small and micro-businesses transacting online. Back in 2013, Alipay surpassed the 300 million registered users.
iDEAL is one of the well-known online payment methods that has the largest market share domestically. 54% of all online eCommerce payments in the Netherlands are purchased using iDEAL. iDEAL is an 'enhanced' online bank-transfer that allows for real-time and swift payments using the secure environment of the shopper's home banking.
Due to its reach, low-processing costs and payment guarantee, more and more foreign web shops offer iDEAL as a payment option when aiming for Dutch consumers. Already 20% of all iDEAL payments are done at foreign online stores. These foreign stores are located all over Europe and beyond, including the United States, Brazil, Canada, South Africa and China. Foreign online stores need the iDEAL online payment method to succeed on the Dutch market.
UK-based PPRO is a payment provider that delivers issuing, acquiring and payment processing services. PPRO’s customer base includes Payment Service Providers (PSPs) and software platform partners serving hundreds of thousands of merchants.
PSPs are free to offer one or more of the payment methods offered by PPRO – extending from local payment methods through global solutions, e-money accounts and prepaid cards. PPRO acts as a B2B hub, connecting the fast-growing community of payment service providers with the even faster-growing number of national and international payment formats.