Allied Wallet, a leading provider of online payment processing offering various payment solutions in 196 countries all over the world, is now compatible with MyBank, Cartes Bancaires, E-Carte Bleue, CASHWAY, and YouPass to better serve the growing demand in France.
The French population spent over €81.7 billion last year in e-commerce alone, making it Europe’s third largest e-commerce market. With a growth rate of about 14%, France is projected to top €93 billion this year.
The French population’s most popular goods are clothes, media, and electronics. They have one of the highest internet penetration rates in the world at 97%, as compared to 62% globally.
With this large majority of its population, e-commerce is very popular; however, online shoppers are seeking varying payment methods that make more sense for them and their spending habits.
Allied Wallet appreciates this growing demand and recently enabled their NextGen Payment Gateway to be compatible with MyBank, Cartes Bancaires, E-Carte Bleue, CASHWAY, and YouPass.
“There are more than 120,000 active e-commerce sites in France and almost 65 million people online,” says CEO Andy Khawaja, “…we want to give them more options. We want to support e-commerce growth and the success of online businesses in France.”
The average French online shopper spends about €1400 a year with an average transaction amount of $77.
Allied Wallet is not only able to service these transactions for users that prefer alternative payment options, but they have also enabled these payment options in their digital eWallet solution which allows users to spend money and send money to family and friends.
“Cartes Bancaires has over 60 million cardholders in France. They’re responsible for 11.28 billion transactions. E-Carte Bleue – 2 million users and over 16 billion in transactions in one year… These may be alternative payment options, but they’re important options. These are the ways people want to pay, and we want to enable that,” said Dr. Andy Khawaja.
Allied Wallet is poised for success as eWallets, or digital wallets, continue to grow in popularity.
26% of all e-commerce purchases are made via a mobile device, and smartphone penetration in France is up to 61%.
As people upgrade their devices, the way they pay is evolving with convenience and compatibility. Allied Wallet is proud to announce that they will continue to innovate to serve people in France and abroad.
About Allied Wallet:
Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive global payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions. Please visit www.alliedwallet.com.