Riverty Triumphs with “Best Payment Solution” Award at E-Commerce Germany Awards

Riverty Triumphs with “Best Payment Solution” Award at E-Commerce Germany Awards

(IN BRIEF) Riverty, a leading FinTech company, emerges victorious at the E-Commerce Germany Award 2024, securing the title of “Best Payment Solution” for its innovative “Buy Now, Pay Later” (BNPL) offering. Recognized for its customer-centric approach, Riverty’s BNPL solutions aim to enhance the payment experience for both merchants and consumers, aligning with evolving shopping trends and preferences. With one in three online purchases now paid through BNPL, Riverty’s flexible payment options play a crucial role in driving conversion rates and fostering customer loyalty. The award underscores Riverty’s commitment to delivering cutting-edge payment solutions tailored to the needs of modern businesses and consumers across nine European countries, reinforcing trust and convenience in online and offline transactions.

(PRESS RELEASE) BADEN-BADEN, 23-Feb-2024 — /EuropaWire/ — Riverty, a leading FinTech company, has won the popular E-Commerce Germany Award 2024 in the “Best Payment Solution” category for its “Buy Now, Pay Later” (BNPL) offering. The award confirms Riverty’s approach of putting its customers’ brands first, for more growth and loyalty. The award ceremony took place yesterday in Berlin.

The jury recognized Riverty’s approach to improving the payment process for merchants and creating a seamless experience for consumers with its BNPL solutions. The goal: a customer-friendly payment experience after checkout. The increasing importance of this is underpinned by online studies that Riverty regularly conducts to provide merchants with valuable insights into shopping trends and consumer behaviour. According to these studies, one in three online purchases is now paid for with BNPL. “The flexible payment option is therefore an important success factor for retailers,“ says Sebastian Ehrke, Director Ecosystem Growth & Global Campaigns at FinTech Riverty. 23% of BNPL customers consider the availability of payment methods to be a decisive factor when choosing a webshop – compared to only 13% of non-BNPL customers. This indicates that a significant proportion of BNPL customers actively seek online shops that offer purchase on account. “Offering BNPL options therefore increases the likelihood of conversion.”

Riverty offers innovative BNPL payment options in nine European countries. The core BNPL products, such as 14-day billing, fixed instalments, secure direct debit or monthly billing, allow consumers to manage their own payment terms and combine convenience with control. As the only provider, Riverty also takes responsibility for delayed and missed payments, providing additional security and trust for merchants and consumers. In partnership with terStal, Riverty also offers a BNPL option for brick-and-mortar retailers, enabling omnichannel merchants to meet customer payment preferences online and instore.

“We are very honoured to have won the E-Commerce Germany Award 2024 in the ‘Best Payment Solution’ category,” said Sebastian Ehrke, commenting on the award, in which Riverty beat other nominees such as EasyCredit, Mollie and Ratepay. “This award is a confirmation of our commitment and an incentive for us to continue offering our customers the best possible payment solutions. Payment solutions that not only support the growth of our merchants, but also focus on consumers and their individual financial.”

Further information on Riverty’s award-winning BNPL products can be found here.

To find out more about the Ecommerce Germany Awards and the winners in other categories, visit the official website at https://ecommercegermanyawards.com/de

About Riverty

With more than 5,000 employees, more than 25 million consumers and more than one billion transactions, we are one of the big FinTech. Even though we love numbers, we don’t want to be measured by numbers only. Why?
We want to help build a world where business meets the needs of humanity. Where financial technology makes a difference. Where everyone is in control of their own financial story. At Riverty, we’re building it, together. Our teams in 13 countries are always looking for smart, simple and seamlessly connected ways to manage people’s money. From flexible payments to accounting and debt collection, our holistic solutions empower everyone to live their best financial lives. It’s time to enter a new era of economic freedom.

Media Contact:

Kristina Hunter Nilsson
Corporate Communication
Riverty
kristina.nilsson@riverty.com

SOURCE: Riverty