French banks join forces to launch e-payment service

Wednesday 18 September 2013 13:58 CET | News

French banks BNP Paribas and Societe Generale have joined forces with Frances postal bank La Banque Postale to launch an electronic payments service in a bid to fight already dominant players such as eBays PayPal.

The three banks unveiled the project dubbed Paylib which will enable their customers to use the service to set up a personalized electronic wallet, allowing them to make online payments without having to enter their credit or debit card details on each new website.

Paylib has partnered with the following e-commerce platforms:,, PriceMinister and Leroy Merlin to launch the service. In total, 23 million users will be able to pay using Paylib, compared to 7 million PayPal users in France.

In recent news, Belgium-based telecom operator Belgacom has joined forces with BNP Paribas Fortis to develop a mobile commerce ‘ecosystem’ for Belgian merchants and consumers that enables shopping and payments via smartphones.


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Keywords: BNP Paribas, Societe Generale, La Banque Postale, Paylib, e-wallet, online payments, France
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce