DIBS enters into cooperation with German company Pago

DIBS Payment Services AB (publ), listed on First North, has entered into a partnership agreement with German payment service company Pago eTransaction Services GmbH. This cooperation means that DIBS can now offer its customers the German GiroPay payment method. This cooperation also means that Pago will be assisting with local card acquisitions in Germany.

GiroPay, which resembles the Swedish model involving Internet bank payments, is the payment method undergoing the strongest growth in the field of e-commerce in Germany. The service saw a growth in excess of 200 % on the German market in 2007.

“We have been offering our e-commerce stores the opportunity to accept payments using OELV, Germany’s biggest payment method, since 2002. Now we have a complete solution for accepting payments from German e-commerce consumers. This partnership with Pago is also in line with our strategy, which involves growth towards northern Europe with our existing customers. In our latest customer survey, more than 40 % of our customers said they are interested in expanding their businesses in Germany,” says Eric Wallin, Managing Director of DIBS.

Pago eTransaction Services GmbH of Cologne in Germany is a payment services company founded in 1999. Pago provides regional payment methods for a range of countries and offers its services via international partners. Pago’s services are used by more than 6 000 clients in Europe.

“We are very pleased that DIBS has elected to become one of our partners. I am quite sure that our products will reinforce DIBS’ market-leading position in the Nordic Region,” says Jürgen Herold, Managing Director of Pago eTransactions Services.