Allied Wallet Signs Agreements with Three European Payment Providers

Oct. 9, 2012

Allied Wallet, a Los Angeles-based online payments processor, announced three partnerships it said potentially could increase its processing volume by $3 billion in 2013. Allied Wallet’s three new partners offer what are considered in the U.S. alternative online payments but that in certain European countries are dominant payment methods for online shoppers. The American processor said the new partnerships will enable it to operate more smoothly in more regions around the world.

Germany’s Giropay is a familiar payment method that enables consumers to pay online via direct transfer from their bank account. Klarna is a Swedish company that enables online shoppers to receive a product and pay later. Another German company, Sofort Bank, works with 20,000 merchants mostly in northern and western Europe.

“We’re constantly striving to provide merchants and consumers with a simpler means to checkout online,” said Andy Khawaja, CEO of Allied Wallet. “We want to make it safe and secure for the consumer while maintaining a feature-rich, affordable solution for our merchants. These new partnerships will help us uphold these values to our clients around the globe.”