iDEAL – Competitor Profile
iDEAL – a market leader in Dutch third-party payment services – was established by payment systems provider Currence in 2005. iDEAL offers online payments for Dutch domestic and international shoppers, enabling them to pay for online purchases directly from their bank accounts. iDEAL also enables consumers to carry out other transactions such as utility bill payments, mobile recharging, and donations. It generates business by offering four types of transactions: domestic ecommerce payments, cross-border ecommerce payments, payments between consumers, and non-ecommerce payments.
Payments through iDEAL are supported by 12 issuing banks and financial institutions: ABN AMRO, ASN Bank, bunq, ING, Knab, Rabobank, RegioBank, Revolut, SNS Bank, Triodos Bank, Van Lanschot, and Yoursafe. In addition to issuing banks, the solution is supported by 13 acquiring banks and 45 payment institutions known as collecting payment services providers (CPSPs). CPSPs act as intermediaries between acquirers and merchants. Of the 45 CPSPs, 20 are international service providers. They allow Dutch consumers to pay for online purchases from foreign online merchants in more than 60 markets globally.
In April 2023, the European Payments Initiative (an organization featuring several of Europe’s key banks and financial institutions) confirmed its plan to acquire iDEAL and Luxembourg-based payment solutions provider Payconiq International as part of its efforts to develop a Europe-wide instant payment system.
The report provides information and insights into iDEAL including –
• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its Revenue Model and Performance Highlights
• The company's important events and milestones
In October 2005, iDEAL was founded
In April 2016, iDEAL launched iDEAL QR, enabling users to make payments at online and offline stores as well as for transport by scanning a QR code with their mobile phone.
In May 2020, iDEAL launched iDEAL Scheduling in collaboration with payment solutions provider Online Payment Platform, allowing users to schedule payments for future dates.
In October 2022, iDEAL launched iDEAL Hub (an upgraded version of iDEAL) to offer enhanced infrastructure and new services to its customers. Customers can now access this service; partners will gradually switch to iDEAL Hub by July 1, 2023.
In April 2023, The European Payments Initiative (an organization featuring several of Europe’s key banks and financial institutions) confirmed its plan to acquire iDEAL and Luxembourg-based payment solutions provider Payconiq International as part of its efforts to develop a Europe-wide instant payment system.
Reasons to Buy
• Gain insights into iDEAL business operations and key events.
• Gain insights into its product portfolio and performance highlights.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Table of Contents
Products and Services
Partner Banks and Financial Institutions in the Netherlands
Get in touch to find out about our multi-purchase discounts
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.