What is the e-wallet in Germany?

06 Nov 2023

One of the prominent and widely used e-wallets in Germany is PayPal. It is a globally recognized platform that provides various services for handling payments. They include options for online and in-person payments, peer-to-peer transactions, and financing solutions.

Some popular services are PayPal Payments Standard, PayPal Here for mobile payments, and PayPal Credit for financing purchases.

Apart from PayPal, there is Paydirekt, an e-wallet in Germany that offers a direct transfer of funds, making it a secure and straightforward way to buy things online.

It prioritizes security, employing modern encryption and authentication methods to protect users' financial and personal data.

Paydirekt is suitable for consumers and online merchants, allowing shoppers to use it as a payment method on supported websites and enabling businesses to accept payments.

However, Paydirekt primarily focused on the German market, positioning itself as a domestic alternative to global payment services like PayPal.

In 2020, Paydirekt merged with another German payment service, Giropay, and became DSGV Pay, a platform owned by the German Savings Banks Association (DSGV).

Another noteworthy e-wallet in Germany is PayCEC. PayCEC is a robust digital payment platform that offers secure and versatile services for online transactions.

PayCEC allows users to link their bank accounts or credit cards to their e-wallet, much like PayPal. It is accepted by numerous online merchants and businesses, making it a suitable choice for e-commerce, bill payments, and other financial transactions.

PayCEC is recognized for its commitment to security, ensuring that your financial information remains confidential during all transactions. With PayCEC, you can manage your funds, send and receive money, and access a range of payment services conveniently.

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