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April 17, 2014updated 04 Apr 2017 4:07pm

Limonetik partners with Sofort Banking payment system

Limonetik, a payment specialist for web solutions, has partnered with German firm Sofort Banking to integrate its payment system into Limonetik's platform.

By Anita Schneider

Limonetik, a payment specialist for web solutions, has partnered with German firm Sofort Banking to integrate its payment system into Limonetik’s platform.

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Sofort Banking works like an automated payment in advance made via an ordinary bank transfer.

The system supports traditional payment methods and prepayments.

Currently, 25,000 online shops in 10 countries offer Sofort Banking including Poland, Germany, Austria, Switzerland, Belgium, France, the Netherlands, the UK, Italy and Spain.

The payment system is handling over 3m of transactions per month.

Limonetik has developed a technology which turns payment flows into standard bank card payments.

Limonetik offers a variety of marketing and loyalty tools, such as loyalty points, vouchers, promotions or complementary payment with a bank card.

Related articles:

Worldline expands online payment platform with SOFORT Banking

Klarna purchases Sofort for $150m to grow on the European e-commerce market

Raiffeisen and SOFORT AG confirm strategic cooperation

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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