KBC to join MyBank as first bank from Belgium

KBC has announced that they are joining MyBank to offer Europe a payment method to their retail and corporate customers as of spring 2015.

Later in 2015, KBC will also roll out MyBank Mandates, a solution that will enable customers to authorise electronic mandates for the payment of recurrent bills or online purchases via SEPA Direct Debits. Merchants and public authorities across Europe will be able to replace paper mandates with this efficient new solution. Moving to an electronic process that informs the bank of the debtor about the signing of a mandate in real-time reduces costs and the time required to collect funds.

“We believe that MyBank is the right strategic move for banks in Belgium and Europe because it allows our customers to easily and safely buy on the Internet by paying via their familiar online banking interface. MyBank holds a great potential for online payments thanks to its versatility and pan-European design.” Ivo De Meersman, General Manager Payments Belgium, KBC Group.

“We are very pleased that KBC joins the banks and merchants already live with MyBank. We have created a solution that is increasingly being used throughout the European countries and supports consumers, businesses and public administrations in experiencing Europe as a truly integrated market. The adoption of MyBank by KBC as first Belgian bank-insurer takes the solution a step further along the path.” Giorgio Ferrero, Chairman, PRETA.

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