Questions? Contact us at

Wallet Database

OKPAY

28th of November 2016

Overview



  • 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.

  • Websitehttps://www.okpay.com/en/personal/digital-wallet/

  • Status: Live

  • Market: Spain, France, Germany, UK. OKPAY is available in over 200 countries (2007)

  • Type: Other

  • OwnershipOKPAY INC

  • Functions: Retail and P2P payments

  • Payment Mode: Cards-based and account to account

  • Channel: WEB

  • Roadmap: n/a

User Experience



  • 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)

Payment Flows & Technology



  • 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. 

Business Model


Performance Data



  • 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 

Contact (MobeyForum Members only)



  • Name: N/A

  • Address: N/A

  • Email: N/A

  • Phone: N/A