B2B Payments

French Payments: Paylib Partnering With Crédit Agricole

The French bank created Paylib online payment system has agreed to add Crédit Agricole as a member as well as working with MasterCard to enable global payments, according to a story in Finextra.

“Established by BNP Paribas, Société Générale and La Banque Postale, Paylib lets users link a card and then make payments at participating retailers’ websites by entering their E-mail address, password and a code generated by a mobile app,” the story noted. “In just over a year, the service has been adopted by more than 300,000 of the banks’ customers and 700 e-merchants. The addition of Crédit Agricole next year, on the heels of Crédit Mutuel Arkéa, means that Paylib will be available to 40 million French cardholders and more than 30,000 retailers.”

A statement from the firms on Tuesday (Nov. 25) said that Crédit Agricole and LCL will enable Paylib next year.

“Within its digital banking strategy, Crédit Agricole Group signed a letter of intent to join Paylib which will be available to 16 million Crédit Agricole and LCL cardholdersand will thus confirm the solution’s leading position in the market. Crédit Agricole Group will launch Paylib commercially in 2015 for private customers, e-business professionals and companies,” the statement said. “After Crédit Mutuel Arkéa, Crédit Agricole Group arrival in Paylib is a significant step towards the creation of a standard e-wallet in France. Paylib will be positioned as a major e-wallet in France for e-business and m-business.”

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