French e-wallet solution Paylib expands with MasterCard deal

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Paylib, the online payments system created by French banks, is working with MasterCard to enable its users to make payments through e-merchants across the world.

The partnership will allow Paylib to be accepted internationally.

Paylib will now offer its users access to the global MasterPass acceptance network. Paylib users will be able to shop at over 60,000 participating MasterPass merchants in 13 countries around the world. The ability for Paylib users to checkout with MasterPass will be effective in 2015.

This agreement will also enable MasterCard to accelerate the deployment of MasterPass acceptance in France where both brands, Paylib and MasterPass, will be jointly promoted to French e-merchants. This will enable e-merchants accepting MasterPass to have access to a broad customer base from around the world.

Paylib has also added Crédit Agricole Group as a member. Paylib will now be available to 16 million Crédit Agricole and LCL cardholders, and a move that will confirm the solution’s leading position in the market, the company says. Crédit Agricole Group will launch Paylib commercially in 2015 for private customers, e-business professionals and companies.

After Crédit Mutuel Arkéa, Crédit Agricole Group arrival in Paylib is a significant step towards the creation of a standard e-wallet in France. Forty million cardholders and more than 30,000 e-merchants will have access to the online payment solution through their bank.

The service was launched in September 2013 by BNP Paribas, La Banque Postale and Société Générale. This solution, based on card payment, has already been adopted by more than 300,000 users and 700 e-merchants, including showroomprive.com, vente-privee.com, voyages-sncf.com and priceminister.com.

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