iDEAL Processes Record 56 Million Transactions During Black Friday Week

AMSTERDAM, 3 December 2024 – Although Black Friday was, for the first time since 2016, not the busiest day of the year, iDEAL processed a record number of transactions during the entire Black Friday Week, including Cyber Monday: 56.82 million. This represents a growth of 12.31% compared to 2023.

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First Decrease in iDEAL Transactions on Black Friday Since 2016

AMSTERDAM, 30 November 2024 – For the first time since 2016, iDEAL has reported a decline in transactions on Black Friday. On Friday, 29 November, 5.82 million transactions were processed, marking a decrease of 18.4% compared to the 7.13 million transactions recorded on Black Friday 2023. However, Black Friday Week as a whole has seen significant growth in 2024, with an 18.2% increase so far.

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50,000 Registrations for iDEAL Consumer Profiles

Dutch People Want to Pay Faster and More Securely

AMSTERDAM, 7 June 2024 – Since the launch of consumer profiles at iDEAL, 50,000 Dutch people have already created a profile. With such a profile, it is possible to make online purchases faster and more securely. The new feature, which has been offered by iDEAL since 15 April and can be created via the user's own banking app, will also be proactively offered by banks later this year. iDEAL describes the launch period as successful.

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iDEAL Refreshed: Profile Creation and Speedy Checkout 

Amsterdam, 15 April 2024 – From today, consumers can for the first time create an account with iDEAL. This account enables quicker and more secure completion of online purchases. It also offers benefits for online retailers in the form of improved conversions and increased customer satisfaction. Annually, 1.3 billion transactions are processed through iDEAL, accounting for 73% of all Dutch online purchases.

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iDEAL Integrates Spread Payments with iDEAL in3

Amsterdam, 4 April 2024 – Payment solution iDEAL now also offers iDEAL in3, a payment option that allows consumers to spread the cost of online purchases over three instalments. The revenue model of iDEAL in3 is based on a fixed fee per transaction rather than aiming for the highest possible percentage of non-paying customers.

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iDEAL Pilot Profiles Launched in Collaboration with Rabobank 

Amsterdam, 12 March 2024 – iDEAL has launched new functionalities in collaboration with Rabobank. During a trial period, members of the bank's online Rabo-Labs community will be the first to create an iDEAL profile and enjoy easier payments at selected online stores.

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Developments in Online Consumer Spending: iDEAL Continues to Grow

EDE, 19 December 2023 - The latest data from the Thuiswinkel Markt Monitor for the third quarter of 2023 are in, and the results are noteworthy. We've witnessed a sustained growth in online consumer spending, with a notable increase in the travel sector and a strengthened preference for iDEAL as a payment method. This year, Dutch consumers have spent more online than ever before, with iDEAL's share in online transactions rising from 69% in Q3 2022 to 73% in Q3 2023.

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iDEAL records record number of online payments Black Friday

Discount week continues with 5.12 million online transactions on Cyber Monday

AMSTERDAM, 28 November 2023 - Payment service iDEAL recorded a record number of transactions for the eighth year in a row on Black Friday, the Friday after Thanksgiving when consumers take advantage of high discounts. iDEAL processed 7.13 million online transactions on Friday 24 November with over 333 transactions per second at the peak.

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EPI successfully completes acquisition of iDEAL and Payconiq International 

Brussels, 31 October 2023 - iDEAL is delighted to be part of a significant step forward in the European payments landscape through the successful acquisition by the European Payments Initiative (EPI). This development marks a new phase in our mission to provide innovative and secure digital payment solutions. We look forward to the synergies and opportunities that this integration will bring, and we are grateful to everyone who has contributed to this milestone.

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iDEAL: Powering the Surge in Dutch E-commerce Spending in 2023

September 28th, 2023 - In the first half of 2023, online spending in the Netherlands reached €16.3 billion. iDEAL's prominence in facilitating these transactions is evident, with our platform's share in online spending rising from 61% in the first half of 2022 to 62% in 2023. Furthermore, our proportion of online purchases increased from 70% to 71%. This consistent growth not only highlights the trust users place in iDEAL but also our platform's pivotal role in the evolving e-commerce landscape. Join us as we continue to lead the way in secure and efficient online transactions.

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Nuvei launches the new iDEAL in the Netherlands

September 20th, 2023 - Nuvei Corporation, a Canadian fintech company, has announced that it is one of the first payment service providers to integrate the new iDEAL. This enhanced solution is the leading alternative payment method in the Netherlands, allowing consumers to effortlessly complete transactions via their online banking app. Nuvei already offers direct connectivity to iDEAL and is now introducing an upgrade that enhances the e-commerce checkout experience for Dutch consumers. iDEAL holds a 70% market share in the Netherlands, making it essential for e-commerce stores targeting the Dutch market. Nuvei's CEO, Philip Fayer, emphasised the importance of this upgrade for both merchants and consumers in the Dutch e-commerce market.

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iDEAL becomes even more ideal

25 April 2023 - It was announced today that iDEAL will be acquired by the European Payments Initiative (EPI), which aims to roll out a uniform payment solution across all European countries. In the coming period, EPI will explore how iDEAL best fits into its strategy to develop a payment standard for the European market. EPI's acquisition of iDEAL proves the value and reliability of our payment solution. As an organisation and employees, we are proud that EPI has chosen iDEAL as the foundation for its ambition.

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