Giropay
| Company type | GmbH |
|---|---|
| Industry | Banking |
| Founded | 2005 |
| Founder | Deutsche Postbank |
| Defunct | December 31, 2024 |
Number of locations | 1,500 German Banks |
Area served | Germany |
| Owner | paydirekt |
| Website | www |
Giropay was an Internet payment system in Germany, based on online banking. Introduced in February 2006, this payment method allowed customers to buy securely on the Internet using direct online transfers from their bank account. The system was similar to the Dutch iDEAL payment system, MyBank payment system, the Interac online service in Canada, pagomiscuentas payment service in Argentina, and Secure Vault Payments in the United States.
Giropay was owned by giropay GmbH until December 2020, when it was acquired by paydirekt. The two began a merger in May 2021. On 1 July 2024 paydirekt announced that the Giropay service will be shut down on 31 December 2024. Some payment providers stopped the service on 30 June 2024.
As decided, Giropay was finally discontinued on 31 December 2024. Paydirekt recommends the European payment service Wero as its successor.