Dutch association Currence, the brand owner of iDEAL, has partnered with Payconiq International to deliver a major upgrade version of the Dutch online payment scheme, iDEAL 2.0. The upgrade is expected to go live early in 2022 and claims to provide significant benefits to consumers, payment service providers, and merchants.
According to the press release, iDEAL is responsible for more than 900 million transactions per year. On the other hand, Payconiq International is expected to handle more than a billion iDEAL payments per year in the long term.