IDEAL

Dutch e-commerce payment system

This article is about the e-commerce system. For other uses, see ideal (disambiguation).

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iDEAL

Developer(s)| Currence
(Payconiq, ABN AMRO, Friesland Bank, ING Bank, Knab, Rabobank, Triodos Bank, Van Lanschot, De Volksbank)
Initial release| 2005
Website| www.ideal.nl

iDEAL is an e-commerce payment system used for online banking in the Netherlands. Previously controlled by the Dutch e-commerce organization Currence since 2006, the company became owned by the European Payments Initiative (EPI) from October 2023.[1]

It is an online payment method that enables consumers to pay online through their own bank. In addition to online merchants, other organisations that are not part of the e-commerce market also offer iDEAL.[citation needed]

## History

[edit]

The system was conceived by the Dutch banks ABN Amro, ING Bank, Postbank N.V. and Rabobank, to develop a single system for online payments that could be used by all banks. The payment platform was opened to consumers in 2005.[citation needed]

In 2006 the consortium moved the iDEAL brand to the Dutch banking organization Currence.[2] Nine years after claiming to be responsible for 54% of the country's online payments, iDEAL reported having 70% of this market in 2023.[3]

In the same year, the European Payments Initiative acquired iDEAL and Payconiq International, as well as new shareholders, for the upcoming launch of its instant payment solution. iDEAL is to become a European payment account-to-account (A2A) instant payment scheme and a multi-faceted digital wallet.[3][4][5][6]

EPI will initially enable person-to-person (P2P) and person-to-professional (P2Pro) payments, followed by online and mobile shopping payments and then point-of-sale payments. A comprehensive range of transaction types will be supported, including one-off payments, subscriptions, installments, payments upon delivery and reservations. Additionally, value-added services will be incorporated into the solution over time, including responsible ‘Buy Now, Pay Later’ (BNPL) financing, digital identity features and integration of merchant loyalty programmes.[5]

European Payments Initiative (EPI) has announced that iDEAL will be replaced by its Wero payment service.[7] Wero is launched in Germany, France and Belgium in mid-2024 as a P2P payment solution, but the service will offer e-commerce/m-commerce payments from mid-2025. In April 2025 it was reported that the launch for Wero is expected by Wero by the end of 2027.[8]

## Transaction statistics

[edit]

The number of transfers processed:

Annual payments[9][10] Year | Transactions

|

2006  | 4.4 million
2007  | 14.9 million
2008  | 27.8 million
2009  | 45.4 million
2010  | 68.8 million
2011  | 93.9 million
2012  | 117.2 million
2013  | 142.5 million
2014  | 180.2 million
2015  | 222.0 million
2016  | 282.6 million
2017  | 378.1 million
2018  | 523.8 million
2019  | 666.9 million
2020  | 890.3 million
2021  | 1.14 billion

## See also

[edit]

* Bizum
* Swish (payment)
* TWINT
* Payment Service Provider
* POLi Payments

## References

[edit]

1. ^ "EPI successfully completes acquisition of iDEAL and Payconiq International". Payconiq. Retrieved 25 November 2023.
2. ^ "Banken dragen merk Ideal over aan Currence" [Banks move Ideal brand to Currence] (in Dutch). Emerce. 2 November 2006.
3. ^ a b "Dutch payment processor iDeal to become European standard". NL Times. Retrieved 25 April 2023.
4. ^ "EPI Company announces new acquisitions and shareholders". thepaypers.com. Retrieved 25 April 2023.
5. ^ a b Dumitrescu, Irina (25 April 2023). "[GLOBAL] EPI Company announces acquisitions, additional shareholders and the coming launch of its new instant payment solution". European Payments Initiative. Archived from the original on 16 July 2024. Retrieved 25 April 2023.
6. ^ "iDEAL Becomes More Ideal". iDEAL. 25 April 2023. Archived from the original on 25 April 2023. Retrieved 25 April 2023.
7. ^ Dumitrescu, Irina (21 September 2023). "European Payments Initiative selects "wero" as commercial name for its innovative digital wallet". European Payments Initiative. Retrieved 23 October 2023.
8. ^ "IDeal eind 2027 volledig vervangen door nieuw betalingssysteem Wero". Security.nl (in Dutch). 11 April 2025.
9. ^ "Key Figures - iDEAL payments". iDeal. Archived from the original on 5 January 2018. Retrieved 18 April 2023.
10. ^ "Strong growth of iDEAL, iDIN and e-mandates in 2021". Currence. 2 February 2022. Retrieved 18 February 2024.

* v
* t
* e

Financial services companies of the Netherlands

History|

* Financial history of the Dutch Republic

Banks|

| Bancassurance|

* ING Group
* Rabobank
* De Volksbank

|

Other banks|

* ABN Amro
* Alex
* ASN Bank
* Amsterdam Trade Bank
* Bank Nederlandse Gemeenten
* Binck
* Bunq
* De Lage Landen
* ELQ Hypotheken
* Friesland Bank
* Nederlandse Waterschapsbank
* NIBC Bank
* Postbank
* SNS Bank
* Sparck
* Triodos Bank

Private banks & asset management|

* APG
* Insinger de Beaufort
* Kempen & Co
* MeesPierson
* Oyens & van Eeghen
* Robeco
* Schretlen & Co
* Staalbankiers
* Theodoor Gilissen Bankiers
* Van Lanschot Kempen

Insurance|

* Aegon
* Achmea
* Ageas
* Allianz
* Atradius
* ASR Nederland
* AXA Nederland
* Cardif
* Centraal Beheer
* Conservatrix
* Delta Lloyd
* Eureko
* De Goudse Verzekeringen
* FBTO
* Interpolis
* Klaverblad Verzekeringen [nl]
* Monuta
* NN Group
* Ohra
* TVM
* Univé
* Uvit
* VVAA
* Zwitserleven

Health insurance|

* Azivo
* AZVZ
* CZ Groep
* De Friesland
* Menzis
* ONVZ Zorgverzekeringen
* PNO Ziektenkosten
* Salland Verzekeringen
* DSW Zorgverzekeringen
* Zorg en Zekerheid

Payment services|

| Organisations|

* Interpay
* Currence
* Bankgirocentrale
* BeaNet
* EquensWorldline

|

Products|

* PIN
* Chipknip
* iDEAL
* Acceptgiro [nl]

List of banks in the Netherlands

* v
* t
* e

Digital payment providers

Active|

* 2C2P
* Adyen
* Airtel Payments Bank
* Alipay
* Amazon Pay
* Ant Group
* Apple
* Card
* Pay
* Wallet
* Atlantic Money
* Bancomat Pay
* bKash
* BillDesk
* bit
* Bizum
* Blik
* Block
* Afterpay
* Square
* Boku, Inc.
* BPAY
* Bunq
* Carta Worldwide
* Cash App
* CDS Global
* Chase Paymentech
* WePay
* Circle
* Cred
* Dwolla
* Easypaisa
* Elavon
* EnStream
* Ensygnia
* EServGlobal
* Flattr
* Freecharge
* GCash
* Global Payments
* Google Pay
* Google Pay app
* Google Wallet
* iDEAL
* Ingenico
* Interac e-Transfer
* JazzCash
* Jumio
* KakaoPay
* Klarna
* Maya
* Mir
* MobiKwik
* NTT Data Payment Services
* Mobile Suica
* MobilePay
* M-Pesa
* Mi-Pay
* MintChip
* MMQR
* Nagad
* NPCI
* IMPS
* UPI
* BHIM
* Naver Pay
* NEFT
* Nexi
* Nexgo
* Novalnet
* Nuvei
* Orange Money
* Osaifu-Keitai
* Passport
* PAX Technology
* Paya
* Payanywhere
* PayBox
* PayMate
* PayMe
* Paymentwall
* PayNow
* Payoneer
* PayPal
* Braintree
* Zettle
* Venmo
* Xoom
* PayPay
* PayPoint
* Paysafe
* Neteller
* Openbucks
* PaysafeCard
* Skrill
* Payzone
* Paytm
* PayU
* Payworld
* Paze
* Pepper
* PhonePe
* Pine Labs
* Pix
* POLi Payments
* Powa Technologies
* QRIS
* Red Dot Payment
* Remita
* Revolut
* Samsung Pay
* Samsung Wallet
* Sarvatra Technologies
* Sezzle
* Shift4
* Shop Pay
* Skaleet
* Spice Money
* Stripe
* Swish
* Tata Neu
* Tencent
* Touch 'n Go eWallet
* TWINT
* UnionPay app
* Veem
* Verifi
* Verifone
* Versapay
* Vipps
* VugaPay
* Wave Money
* WebMoney
* WeChat Pay
* Wero
* WiPay
* Wizzit
* Worldline SA
* Worldpay, Inc.
* Yape
* YooMoney
* Zelle
* Zeta

Defunct|

* AirTag
* Bell ID
* Billpoint
* C2it
* Clinkle
* Fortumo
* Google Wallet (2011–2018)
* Kuapay
* Lemon Wallet
* LG Pay
* Merchant Customer Exchange
* Microsoft Pay
* Mozido
* PayDirect
* Paym
* Pingit
* Qiwi
* Quahl
* Sage Pay
* Simpay
* Softcard
* Tez
* vcash
* Paydiant
* Ukash
* Wirecard
* Worldpay Group
* Zong

Remittance|

* CurrencyFair
* MoneyGram
* Nium
* OFX
* Remitly
* Rewire
* Ria Money Transfer
* Transfast
* TransferMate
* Travelex
* Western Union
* Wise
* WorldRemit
* XE

Related|

* Digital currency
* Digital wallet
* Mobile payment
* Payment service provider
* List of online payment service providers
* European Mobile Payment Systems Association

* Category

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