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Wirecard, Gambio Launch GambioPay for E-Merchants

Wirecard is expanding its collaboration with the shop system developer Gambio to launch GambioPay for online retailers, which the companies say simplifies payments processing and cuts costs.

Gambio GmbH offers more than 20,000 SMEs “end-to-end e-commerce solutions” for online shops. For GambioPay, Wirecard will take over all payment processing as well as risk management on behalf of its long-standing partner Gambio, according to an announcement.

By integrating the Wirecard Checkout Portal in GambioPay, merchants will be able to accept five payment methods (credit card payment, SOFORT online bank transfer, pre-payment, purchase on account and SEPA direct debit) from a single supplier and reduce costs.

“With GambioPay, we provide our merchants with a simple payment system which they can flexibly adapt and use to their needs,” says Daniel Schnadt, Founder & CEO of Gambio GmbH. “This massively simplifies payment processing, while the innovative payment options allow them to compete in the international e-commerce arena.”

European e-commerce turnover increased by 15 percent to €530 billion (US$625 billion) in 2016, according to research released in June from Ecommerce Europe, EuroCommerce and the Ecommerce Foundation. For 2017, the European B2C e-commerce turnover is forecasted to reach around €602 billion (US$709 billion), a growth rate of nearly 14 percent, according to the nonprofit organizations.

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