French banks join forces to create an electronic payment service

Fri 20 Sep 2013

French banks BNP Paribas, Société Générale and La Banque Postale joined forces to launch online payment PayPal-like system called Paylib. Three banks are calling on their customers in a total amount of 23 million to register for the service and link their card with the account in Paylib.

After that, users will be able to make payments on the websites of participating merchants by entering an email address, a password and the code generated by the mobile application.