Nov. 6, 2018
Allied Wallet, a London-based provider of online payment processing, said its NextGen Payment Gateway is now compatible with MyBank, Cartes Bancaires, E-Carte Bleue, Cashway and YouPass, due to increased demand in France, according to a company release.
France is considered the third-largest e-commerce market in Europe, spending more than 81 billion euros [$92.6 billion] and growing at a 14 percent annual rate, according to the release.
CEO Andy Khawaja said there are "more than 120,000 active e-commerce sites in France and almost 65 million online."
The payment gateway allows merchants to view various transactions in real time using either a desktop computer or a mobile device. Allied Wallet also offers an eWallet solution that lets users pay family, friends or business associates. The eWallet can be managed via smartphone or computer.
Allied Wallet, which offers mobile payment solutions in 196 countries, says that 26 percent of all e-commerce purchases are made via mobile and that smartphone penetration is up to 61 percent in France.
Just last month the company announced that it added WeChatPay, which has 900 million active users, to its platform.
Topics: Mobile Apps, Mobile Banking, Mobile/Digital Wallet, Technology Providers, Transaction Processing
Companies: WeChat Pay, Allied Wallet
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