Software:IDEAL
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| Developer(s) | Currence (Payconiq, ABN AMRO, Friesland Bank, ING Bank, Knab, Rabobank, Triodos Bank, Van Lanschot, De Volksbank) |
|---|---|
| Initial release | 2005 |
| Website | www |
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]
History
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.
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 October 2025, EPI presented a phased migration plan from iDEAL into Wero, that wouls span from early 2026 until the end of 2027[8]
Transaction statistics
The number of transfers processed:
| 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
- Bizum
- Swish (payment)
- TWINT
- Payment Service Provider
- POLi Payments
References
- ↑ "EPI successfully completes acquisition of iDEAL and Payconiq International" (in en-US). Payconiq. https://www.payconiq.com/epi-successfully-completes-acquisition-of-ideal-and-payconiq-international/.
- ↑ "Banken dragen merk Ideal over aan Currence" (in nl). Emerce. November 2, 2006. https://www.emerce.nl/nieuws/banken-dragen-merk-ideal-over-aan-currence.
- ↑ 3.0 3.1 "Dutch payment processor iDeal to become European standard" (in en). https://nltimes.nl/2023/04/25/dutch-payment-processor-ideal-become-european-standard.
- ↑ "EPI Company announces new acquisitions and shareholders" (in en). https://thepaypers.com/payments-general/epi-company-announces-new-acquisitions-and-shareholders--1262337.
- ↑ 5.0 5.1 Dumitrescu, Irina (2023-04-25). "[GLOBAL EPI Company announces acquisitions, additional shareholders and the coming launch of its new instant payment solution"] (in en-US). https://www.epicompany.eu/epi-company-announces-acquisitions-additional-shareholders-and-the-coming-launch-of-its-new-instant-payment-solution/.
- ↑ "iDEAL Becomes More Ideal" (in en-US). 2023-04-25. https://www.ideal.nl/en/actueel/nieuws/ideal-becomes-more-ideal/.
- ↑ Dumitrescu, Irina (2023-09-21). "European Payments Initiative selects "wero" as commercial name for its innovative digital wallet" (in en-US). https://epicompany.eu/media-insights/epi-selects-wero-as-commercial-name-for-its-innovative-digital-wallet.
- ↑ "iDEAL to phase into Wero starting in 2026". 28 October 2025. https://epicompany.eu/media-insights/ideal-to-phase-into-wero.
- ↑ "Key Figures - iDEAL payments". iDeal. http://www.ideal.nl/en/payee/key-figures/ideal-payments/.
- ↑ "Strong growth of iDEAL, iDIN and e-mandates in 2021". 2 February 2022. https://www.currence.nl/en/nieuws/strong-growth-ideal-idin-emandates-2021/.
Template:Dutch financial services companies Template:Digital payment providers
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