17 Nov The payment systems “paydirekt” and “giropay” are merging
The merger of the payment systems consolidates the German market for bank-supported procedures.
In terms of organization, paydirekt will take over giropay, but giropay will probably be continued as the name and not paydirekt. Since the technical operation of the giropay process takes place via the bank’s data center, it is not part of the company acquisition. The connection between giropay and paydirekt should enable end customers to pay directly from the account at many other retailers and to use various user-friendly and established authentication methods such as PIN and TAN, username and password or biometric methods.