OKPAY

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Summary: OKPAY is an account to account and cars-based digital wallet for online purchases operating in multiple markets and launched in 2007. OKPAY’s HQ is established in Cyprus.
Website: https://www.okpay.com/en/personal/digital-wallet/
Status: Live
Market: Spain, France, Germany, UK. OKPAY is available in over 200 countries (2007)
Type: Other
Ownership: OKPAY INC
Functions: Retail and P2P payments
Payment Mode: Cards-based and account to account
Channel: WEB
Roadmap: n/a[/otw_shortcode_content_toggle]

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Registration & set up: Registration process is done through OKPAY website. Users can create as many e-wallets as they need. It’s possible to keep money in multiple currencies (there are 21 supported currencies). This way, users can easily divide his payments for different services, maintaining separate records of their incomes and expenses as well as optimize their financial tasks. It’s also possible to order a payment card to withdraw money.

Making a payment: Entering the email address (as user ID). Authenticate with password. (Update to follow – Further information being obtained)
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Merchant perspective: Transactions are processed within seconds. (Update to follow – Further information being obtained)
Security: OKPAY security features include two-factor authentication with a PIN generated on the user’s mobile device or sent by SMS, security questions, and access restriction based on IP address range. User is free to choose and combine these options to protect his account. [/otw_shortcode_content_toggle]

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Strategy: (Update to follow – Further information being obtained)
Payee fee: As follows: https://www.okpay.com/es/business/fees/
Payer fee: As follows: https://www.okpay.com/es/personal/fees/ [/otw_shortcode_content_toggle]

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Launch date: 2007
Closed Date: N/A
Users: 1,090,000 (source: https://www.okpay.com/en/business/digital-wallet/)
Retailers / merchants: No data yet
Transaction volume: No data yet
Transaction value: No data yet
Other data points: No data yet [/otw_shortcode_content_toggle]

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Links:
http://dinerobits.com/okpay-como-funciona/
https://www.okpay.com/en/company/news/we-are-becoming-a-eu-regulated-company/
Media:

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