Under terms of the agreement, online German merchants are now able to address more than 300 million global bank customers via SafetyPay. Furthermore, German customers of banks participating in the giropay scheme will be able to make purchases of goods and services in Europe, US, Canada and Latin America from their usual online banking session.
SafetyPay is a service which enable customer to make purchases from their bank account or with cash in their local currency.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.