Otto Payments

With Otto Payments, the Otto Group is taking the payment business into its own hands.

Otto Payments is the Otto Group’s own payment service provider. Founded in 2020 under the predecessor name PEG Payment Entwicklungsgesellschaft mbH, the company finally got its Bafin licence in June 2022 and was able to go live. In the future, all payments on the Otto retail platform will be processed via Otto Payments; various payment methods such as payment by installment, direct debit and prepayment are possible.