Paydirekt Lives On
- Frankfurt, Germany – Payment service providers, unlike their banking counterparts, appear to favor more unassuming locations, frequently enough settling outside the immediate Frankfurt city center.
- As an example, Payone, the Sparkassen acquirer, is based in Niederrad, where typical office rents hover around 15 euros per square meter.
- VR Payment's address is only within the DZ-Bank tower because it was able to secure a sub-tenancy with its parent company some time ago.
Payment Service Providers Opt for Modest Locations Outside Frankfurt
By Christian Kirchner
Frankfurt, Germany – Payment service providers, unlike their banking counterparts, appear to favor more unassuming locations, frequently enough settling outside the immediate Frankfurt city center. This trend is notably noticeable when examining the chosen headquarters of several key players in the payment processing industry.
As an example, Payone, the Sparkassen acquirer, is based in Niederrad, where typical office rents hover around 15 euros per square meter. Similarly, Nexi has established its presence in Eschborn, also with rents around 15 euros. EKS, the Girocard operator, tends toward the less glamorous City-West district, where rents average approximately 14 euros.
VR Payment’s address is only within the DZ-Bank tower because it was able to secure a sub-tenancy with its parent company some time ago. previously, VR Payment, like Payone, was situated in Niederrad.
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Payment Service Providers: Why They’re choosing Frankfurt’s Suburbs
Q: What’s the main takeaway from the article?
The main point is that payment service providers (PSPs) in Frankfurt, Germany, are increasingly choosing to locate thier headquarters in less expensive areas outside the city center, unlike traditional banking institutions.
Q: Where are these PSPs choosing to locate themselves?
The article highlights a trend of PSPs opting for locations outside the immediate Frankfurt city center.
Q: Can you provide some specific examples of this trend?
Payone: The Sparkassen acquirer is based in Niederrad.
Nexi: Has a presence in Eschborn.
EKS: The Girocard operator, is located in the City-West district.
VR Payment: Is in the DZ-Bank tower due to a sub-tenancy, but was previously in Niederrad.
Q: What are the primary reasons for this shift in location strategy,according to the article?
While the article doesn’t explicitly state the reasons beyond the “modest locations” description,it implies a cost benefit is in place with the lower office rent costs.
Q: What do office rents look like in these locations?
Here’s a summary of the rent information provided:
| Company | Location | Approximate Rent |
|---|---|---|
| Payone | Niederrad | 15 euros per square meter |
| Nexi | Eschborn | 15 euros per square meter |
| EKS | City-West | 14 euros per square meter |
Q: Is there anything else to know about these locations?
The locations appear to be less glamorous than the financial district.
Q: Where was VR Payment formerly located?
VR Payment was formerly situated in Niederrad, like Payone, before securing its current address.
Q: What kind of analysis and content is available if someone wants to dive deeper into this topic?
The article mentions the availability of in-depth analysis and exclusive content on the financial industry through a premium subscription to “Financial Scene.” This premium access offers a newsletter and insights favored by top decision-makers in the German financial sector.
Q: Can I share this article with others?
No. According to the article, the content is protected by copyright and intended for premium subscribers only. Sharing the content, including with colleagues, is prohibited.