Oney Bank starts operations in Germany

Friday, 25 september 2020

The expert in payment, consumer credit, and insurance solutions is continuing its expansion in Europe with the launch of activities in Germany, the third largest European country for e-commerce.

As such, Oney, a subsidiary of Groupe BPCE (50.1%) and Auchan Holding (49.9%), is pursuing its ambition of becoming the European leader in split payment solutions and expanding its range of solutions and services provided for its retail partners and customers. The bank will offer a comprehensive, tailor-made offering designed to match the specific characteristics of Germany, which is a prescriptive market at the forefront of consumption.

By offering three credit and payment solutions in Germany, Oney Bank wants to give consumers the opportunity to choose the payment solution most suited to their particular needs. Thanks to the bank’s expertise in fraud prevention and management, these payment facilities offered to the customers of German retailers and e-merchants will enable these players to boost their revenues and the size of the average shopping basket, thanks to an optimized acceptance rate that limits fraud to one of the lowest levels on the market.