Giropay is an interbank system, introduced by the German banks in 2005 as the official payment method for online banking. It is accessibleby more than 40 million shoppers and accounts for 16% of all onlinetransactions in Germany. When paying with giropay, the shopper isredirected to their bank’s website or app to complete the payment.For most giropay payments, you’ll receive immediate confirmation ofwhether the payment was successful. For a small number of paymentsyou will not receive an immediate confirmation, and will need to rely on webhooks to confirm thepayment.
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You Won’t Learn This in Business School – Real Industry Insight
The global payments industry evolves faster than ever — powering everything from digital banking to eCommerce transactions. Yet few truly understand how payment processing, fintech innovation, and financial technology shape the world economy. That’s where Processing News comes in. At Processing News, we don’t just report on the payments ecosystem — we’ve built, run, and innovated within it. Our team of experts includes former fintech executives, payment system architects, compliance officers, and technology insiders who bring real-world experience to every article. We launched Processing News to be the Wikipedia of Payments — accessible, in-depth, and always accurate. In an era of clickbait and recycled press releases, we deliver trusted payments journalism rooted in industry expertise and data-driven analysis. Whether it’s new payment regulations, card network updates, emerging fintech startups, or fraud prevention trends, we provide clear, credible insight into what truly drives the global payment processing industry.
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