From this Monday, the German banks and savings banks will gradually offer a uniform payment service.
What you should know about Giropay.
The
banks and savings banks in Germany are
taking another step towards standardizing their
online payment processes
.
As
reported by
Tagesschau.de
, the institutes will gradually
merge
their online
payment offers Paydirekt, Giropay and Kwitt
under the
Giropay
brand
from today (May 10)
.
Kwitt and Paydirekt become Giropay
Consumers will be introduced to the new brand in a transition phase lasting several months: At the start of this Monday (May 10th), savings banks as well as Volks- and Raiffeisenbanken are converting their mobile-to-mobile payment system Kwitt to
"Giropay Geld-Senden"
, reported the German press Agency (dpa).
From Wednesday (May 12th) customers could then
choose
the
Giropay payment method
at merchants who use
Paydirekt
.
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With the new joint approach, the domestic banking industry wants to enable consumers
to pay in the easiest possible way and to transfer money quickly from account to account
, dpa also describes - regardless of which bank the account is ultimately held with.
Users only have to use
online banking
and
legitimize
their
current account *
for Giropay
, reported the
Tagesschau
in the article mentioned.
There is no need for a separate account with an additional service provider.
At the same time, there are also advantages for retailers: They no longer have to negotiate contracts with each bank individually.
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Alternative to PayPal, Apple Pay and Co.?
The project, also known as “
#DK”
or “
XPay
”, wants to establish an
alternative to PayPal, Apple Pay and Co.
,
according to reports
. So far, the German payment services only played a minor role, according to the article on
Tagesschau.de.
Unlike PayPal,
Giropay
is not yet that widespread and cannot, for example, be used for purchases in online shops from the USA or other countries. Even within Germany, not all credit institutions took part, according to
Tagesschau.de
. Whether the
new offer will
really be rolled out across the board therefore depends on the individual institutes.
According to the reports, the
girocard
- the most widely used debit card in Germany - is to be integrated into the offer in the future.
Also read:
Paying by card: Warning, it can get so expensive - Are there any fees at your bank?
The
Federal Cartel Office approved the
gradual merging of online payment processes
that is
now beginning
, dpa describes, among other things, about the background.
However, according to dpa, the competition watchdogs had made it clear that detailed questions still had to be clarified in the further course.
(ahu) * Merkur.de is an offer from IPPEN.MEDIA.
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