Allied Wallet, a UK-based provider of online payment processing offering various payment solutions in nearly 200 countries around the world, announced on Thursday it is now compatible with several new alternative payment options in the UK. The fintech reported that the expansion allows it to better serve what it calls the largest e-commerce market in Europe.
Allied Wallet describes itself as a global leader in online credit card processing/payment processing, multi-currency merchant services, digital eWallet solutions, software development, and a provider of a PCI Level 1 payment gateway. The company now supports several “pay by bank” applications including Trustly and SOFORT as well as several other payment methods including PayPoint, SEQR, and Paysafecard. The company reported:
“Alternative payment options such as Trustly and SOFORT offer the banked population a safe means for shopping online and these applications allow shoppers to select their bank upon checkout and use their banking details to finalize their purchases.”
Speaking about the latest growth development, Allied Wallet CEO, Dr. Andy Khawaja, stated:
“The U.K. represents 30% of all European e-commerce across the region and a third of their transactions are not only domestic but cross-border transactions. Allied Wallet is happy to offer its users these payment methods to not only securely shop online but to also be able to send money with their eWallet.”
Allied Wallet went on to add its proud to announce its new compatibility with the alternative payment options so that it may better suit the evolving e-commerce and m-commerce payment spaces.