Following the purchase, the Ogone platform will now include a regulated e-money institution, which will enable the Ogone group to offer all the services for which a license as an e-money institution or a payment services provider is required in the European Union.
Ogone will be able to offer its e-merchant clients more than 80 different international payment methods with a single contract, enabling them to sell to new customers and helping them to avoid the administrative issues of opening foreign accounts and organizing contracts with several acquirers. Moreover, via Tunz.com, Ogone will be able to provide an environment for mobile payment to banks and mobile operators, as well as support online merchants who want to create and store funds in virtual wallets.
Belgacom also had a 40 percent stake in Tunz.com and it has been a longtime partner of Ogone. Currently, Ogone enables more than 35,000 customers to operate internationally in 45 countries using its connections via certified links with over 200 different banks and acquirers. The company is able to handle international payments as well as local payment methods, such as ELV and giropay in Germany, Carte Bleue in France, iDeal and Machtigingen in the Netherlands, Bancontact/Mister Cash in Belgium and local payment methods in India and the Middle East.
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