N26 integrates iDEAL to simplify payments for Dutch customers

By Gloria Methri

Digital bank N26 has integrated local payment service iDEAL to its 100% digital banking experience in the Netherlands. Available to the first N26 customers in the Netherlands, the new integration will be gradually rolled out in the entire Dutch market. N26 customers will thus be able to make payments and transfers to friends easily through iDEAL without having to leave the payments app.

Additionally, the integration of iDEAL will allow customers to execute peer-to-peer payment requests through Tikkie, the most popular P2P payment service in the Netherlands. N26 customers will be able to buy and pay online with the mobile app without having to know the bank details of the beneficiary.

Payment details will be filled automatically in the N26 app by scanning a QR code, or through payment links on e-commerce websites. Customers only need to review and confirm the payment within their app for the money to be transferred to the beneficiary’s account through a regular SEPA Credit Transfer.

To be able to initiate this transfer, the digital bank leverages iDEAL’s relevant beneficiary details to proceed with regular compliance checks and execute the requested payment.

“We are very proud that from today, our Dutch customers will be able to use iDEAL with their N26 account. Simple, instant, and secure, this localized solution specifically for the Dutch market will make paying online more seamless than it has ever been”, explains Jérémie Rosselli, General Manager N26, France & BeNeLux.

Daniel van Delft, CEO of Currence iDEAL said, “Bringing popular local payment solutions like iDEAL to the N26 experience is a crucial step to help accelerate N26’s growth in the Netherlands, as it gives customers one more reason to choose N26 as their primary bank account.”

“Integrating localized solutions like iDEAL is an important investment that helps us build a more relevant and tailored product for N26’s customers in our key markets. We will continue to work to deliver an even more seamless banking experience for our 300,000 Dutch customers”, added Rosselli.