Market Share of Germany Real Time Payments Industry
With consumer preferences changing rapidly, the market has become a lucrative option and thus, has attracted a huge amount of investments. Due to the huge growth potential, the market is moving towards fragmentation due to the new entrants. The service providers are engaging in partnerships to promote product innovation.
- June 2022 - Germany-based digital payments processing company ePay and Euronet Worldwide announced additional product launches. ePay offers a portfolio of business incentives, gift cards, and payment solutions, such as eCommerce, card acceptance, and mobile for omnichannel commerce. These services include point-of-sale (POS), end-to-end ATM, card outsourcing solutions, card issuance, and merchant acquisition services.
- May 2022 - Ria Money Transfer, a business segment of Euronet Worldwide, Inc., a key player in the cross-border money transfer industry, announced a new partnership with Rebtel, an international calling service provider based in Sweden. The partnership embeds Ria's international money transfer service directly into Rebtel's digital platform, making it easy and convenient for Rebtel's customers to send money to loved ones worldwide. Ria offers payments to bank accounts, mobile wallets, and cash across 170 countries and territories and is powered by Euronet's Dandelion service, the world's largest real-time international payments network. Embedding a money transfer feature presents a unique growth opportunity for Telcos wanting to enter the fintech space.
- June 2021 - Deutsche Bank and Fiserv are entering into a Joint venture to provide a payment solution for merchants. The joint venture is to combine Clover's payment acceptance solution with Deutsche Bank's integrated banking services. The joint venture will serve small, medium-sized, and small, medium-sized enterprises (SMEs) and will be based in Frankfurt am Main, pending regulatory approval.
Germany Real Time Payments Market Leaders
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ACI Worldwide, Inc.
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Mastercard Inc.
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Finastra
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Visa Inc.
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PayPal Holdings, Inc.
*Disclaimer: Major Players sorted in no particular order
