"The development of our own payment service provider was a milestone on the way to becoming a platform," said Katy Roewer, Chair of the Advisory Board Otto Payments. The e-commerce company is now aiming to merge its stationary and online retail businesses. Otto and external service providers have had responsibility for the technical integration of the various payment services hitherto. Otto founded PEG Payment Entwicklungsgesellschaft mbH as a one-stop payment system to drive the transformation to a platform in 2020. More than 4,000 marketplace partners are now connected to otto.de. From 2023, Otto's sales and those of the marketplace will be handled by a separate payment company. Otto Payments will also act as a service provider for other Otto Group companies in the medium term.
sh/sb/pb
