Online payment method iDEAL reaches new milestone

Thursday 19 December 2013 10:19 CET | News

Online payment method iDEAL has reached a new milestone by processing half a billion iDEAL payments by the end of November 2013.

The iDEAL online payment method is being used more than 13 million times per month for online transactions. This is an increase of around 20% compared to 2012.

In 2013, a mobile version of iDEAL became available, for m-commerce payments using smart phones or tablets. This is already very popular with users and Currence therefore expects that the number of transactions for m-commerce will greatly increase.

The number of foreign payment institutions offering iDEAL to foreign webshops also continued to increase in 2013. iDEAL is now being used in more than 50 countries. In Belgium, for example, iDEAL is accepted as a payment option in half of all webshops. This enables Dutch consumers making cross-border purchases also to pay safely and easily using iDEAL.

The iDEAL payment system is based on existing infrastructure with banks, which implies they can capitalise on their online banking application and customer base. It allows consumers to make online purchases within the familiar environment of their own bank. iDEAL is open to any bank to obtain a licence from scheme owner Currence. In the Netherlands iDEAL is by far the most popular online payment method.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: online payments, iDeal, Netherlands
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce