FRANKFURT, Germany–(BUSINESS WIRE)–Allied Wallet, a globally leading provider of online payment processing offering various payment solutions in 196 countries all over the world, has seen large-scale, trending growth in e-commerce transactions and a spike in new merchants by accepting alternative payment methods in Germany.
Germany has a well-developed e-commerce environment that shows exponential growth within the region and much of this is due to the ability that merchants have to accept more forms of payments on mobile-optimized websites.
81% of Germans are frequent online shoppers and the average German spends about 25.2 hours online per month. Surprisingly, credit cards only account for about 21% of the transactions in their e-commerce market.
Allied Wallet is one of few payment service providers that can accept many alternative payment methods across the e-commerce landscape.
“We’ve been able to offer our merchants payment methods like Klarna, Sofort Uberweisung, Paysafecard, SEPA, and GiroPay to name just a few,” says Dr. Andy Khawaja (CEO of Allied Wallet), “…on top of that, we accept all major global card brands and bank transfers.”
In a country that had an e-commerce market of about $62 billion in 2016, it’s important to offer this buyer-rich landscape their choice in payment methods.
“There’s not much that we cannot do, and this was our goal – to connect buyers and sellers in as many ways as possible,” said Dr. Khawaja.
The German e-commerce market is expected to surpass $82 billion by 2018, Allied Wallet claims to have the best solution offering for merchants that wish to capitalize on this growing market.