Mobile payment: Paylib extends its services following partnership with BPCE Group

Mobile payment: Paylib extends its services following partnership with BPCE Group

Paylib, the French e-wallet, is diversifying its customer services after partnering with the Banque Populaire and Caisse d’Epargne (BPCE) Group, the second largest banking group in France. Already supported by five big financial giants- BNP Paribas, Société Générale, Crédit Agricole, La Banque Postale and Crédit Mutuel Arkéa- Paylib is expected to reinforce its presence amongst shoppers through its mobile payment solutions for Android.

What is Paylib?

Paylib is a French digital wallet, offering free, simple and secure payment services through banks partners like BNP Paribas, Société Générale, Crédit Agricole, La Banque Postale and Crédit Mutuel Arkéa and now, BPCE Group.

Paylib allows users to pay online, without the need for entering credit card information from devices like a smartphone, a tablet or a PC. The contactless payment service allows shoppers to pay for in-store purchases with their smartphones. Paylib claims to be a secure service as it is the customer’s bank that secures the transactions and remains the unique contact for payments even if Paylib is being used.

More than half a million consumers and 1,500 e-retailers have adopted Paylib.

Paylib offers user-friendly and secure services

Paylib is very user-friendly with convenient features for customers. As it is linked to the customer’s bank, the latter benefits from all the exciting features, services and other advantages related to his card.

Since each transaction made through Paylib requires a PIN or a unique one-time code known by the user, even in cases of theft, the customer may stay reassured that his data cannot be stolen and purchases cannot be made. The account can equally be deactivated from distance, making it impossible for the thief to use the application. To maximize security, customers are allowed to have only one Paylib account per bank.

Mobile payment with Paylib

As with other similar service providers, to benefit from the mobile payment service of Paylib, one should possess a smartphone having Near Field Communication (NFC) technology. Paylib clients must equally have an Android version, superior to the 4.4 version, irrespective of the mobile phone service provider.

All retailers with payment terminals accepting contactless payment are able to accept Paylib mobile payment. Paylib service is also accepted abroad.

Paylib for retailers

Those merchants already possessing terminals allowing contactless payment (NFC) can immediately accept contactless Paylib payments. There is no need for any additional manipulation is required to install the contactless Paylib feature. This is the same technology used for contactless credit card payments.

BPCE reinforces its position in customer service

Already known as a pioneering bank in the field of mobile payments, BPCE has decided to extend its mobile payment services to Android users and has consolidated its position in customer service through this partnership with Paylib.  Caisses d’Epargne and Banque Populaire customers were already able to benefit from the Apple Pay solution for iOS since July 2016. Android users will be able to join the team as from April will be able to use the Paylib solution. Transactions below 20 Euros will be carried out without control while those crossing this limit will have to be authenticated with a code for obvious security reasons.

Paylib is boosting mobile purchases in France

According to Crédit Mutuel Arkéa as well as Société Générale, there is a constant progression in terms of mobile transactions with Paylib that is exceeding their expectations. Their feedback is that customers are happy and satisfied with the new mode of payment.

Paylib is equally expected to set off mobile payment in France. Its major advantage is that it has a large array of partners ready to collaborate for its success.  It is now targeting the 40 million card holders, that is, every 2 out of 3 French nationals and some 30, 000 e-retailers.

A new Paylib service at the horizon

For even more simplicity and speed in daily payments, a new Paylib service scheduled for the end of 2017 will allow payments from person to person, for example, to pay a loved one or pay pocket money to one’s children.


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