Alternative Payment Solution: iDEAL

Alternative Payment Solution: iDEAL

Summary

iDEAL, a market leader in Dutch third-party payment services, was established by payment systems provider Currence in 2005. iDEAL offers online payments for Dutch domestic and international shoppers, enabling them to pay for online purchases directly from their bank accounts. iDEAL also enables consumers to carry out other transactions such as utility bill payments, mobile recharging, and donations.

In terms of transaction volume, iDEAL is the preferred method of online payment in the Netherlands. More than half of online purchases in the country were made through iDEAL in 2017. It generates business by offering four types of transactions: domestic e-commerce payments (which accounted for 30% of total iDEAL payments made in 2016), cross-border e-commerce payments (16%), payments between consumers (4%), and non-e-commerce payments (50%).

Payments through iDEAL are supported by 12 issuing banks and financial institutions: ABN Amro, ASN Bank, bunq, ING, Knab, Moneyou, Rabobank, RegioBank, SNS Bank, Svenska Handelsbanken, Triodos Bank, and Van Lanschot Bankiers. In addition to issuing banks, the solution is supported by 11 acquiring banks and 58 payment institutions known as collecting payment service providers (CPSPs). CPSPs act as intermediaries between acquirers and merchants. Of the 58 CPSPs, 23 are international service providers. They allow Dutch consumers to pay for online purchases from foreign online merchants in more than 60 markets globally.

The report provides information and insights into alternative payment solution iDEAL including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The companys important events and milestones.

Scope

- In October 2005, iDEAL was founded.
- iDEAL is based on online bank transfers.
- In April 2016, launched iDEAL QR, enabling users to make payments at online and offline stores as well as for transport by scanning a QR code with their mobile phone.
- In November 2018, ABN Amro users enabled to make payments by scanning an iDEAL QR code on their computer screens, with the actual payment carried out via ABN Amros mobile banking app.

Reasons to buy

- Gain insights into iDEALs business operations and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Overview
Historic Milestones
Benchmarking
Performance Highlights
Revenue Model
Products & Services
Significant Events
Partner Banks & Financial Institutions in the Netherlands
Appendix

COVID-19 Outbreak-Global Alternative Finance Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020

Alternative finance refers to financial channels, processes, and instruments that have emerged outside of the traditional finance system such as regulated banks and capital markets.The Alternative Finance market revenue was

USD 3660 View Report

Alternative Payment Solution: Amazon Pay

Alternative Payment Solution: Amazon Pay market research report available in single user pdf license with Aarkstore Enterprise at USD 350

USD 350 View Report

Alternative Payment Solution: Amazon Pay

Alternative Payment Solution: Amazon Pay market research report available in single user pdf license with Aarkstore Enterprise at USD 350

USD 350 View Report

Alternative Payment Solution: Amex Express Checkout

Alternative Payment Solution: Amex Express CheckoutAmex Express Checkout is an online payment solution developed by American Express. Launched in 2015, it allows American Express card holders to checkout faster on

USD 350 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available