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Global

France to Shut Almost 40% of Cash-Handling Centers

January 21 2021

“The Bank of France will shut down more than a third of its cash handling centers by the end of 2022 as the Covid-19 pandemic accelerates a decline in the use of notes and coins.    Operations will cease at 14 of the 37 centers that stock currency and replace damaged notes and coins. The […]
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Companies

UnionPay Partners With La Banque Postale To Expand Card Acceptance

July 17 2018

“UnionPay International has partnered with French bank La Banque Postale to expand the acceptance of its cards across the country, with focus on tourist attractions and public transportation. Under the alliance, the partners intend to facilitate Chinese tourists to use UnionPay cards at 37,000 merchants and 7,600 ATMs of the bank within next year. The […]
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Global

Worldline’s $2.75 Billion Deal For Six Payment Services Sets Stage For More Consolidation

May 15 2018

“Worldline’s $2.75 billion deal to buy the payments unit of Swiss exchange operator SIX Group, announced on Tuesday, could herald more consolidation in the industry, SIX’s chairman told Reuters. France’s Worldline beat competition from U.S. bidders to land the SIX business, reflecting a drive by financial sector companies to gain scale to benefit from the […]
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Domains

French Banks To Add P2P Transfers To Paylib Online And In-Store Mobile Payments Service

May 15 2018

“Following the introduction of online and in-store payments, customers of the six partner banks will be able to make person-to-person money transfers by the summer. BNP Paribas launched the new ‘Paylib entre amis’ [Paylib between friends] service last Wednesday while Crédit Mutuel Arkéa, BPCE, Société Générale, Crédit Agricole and La Banque Postale will follow in […]

On The Wires

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Companies

Voice Grocery Shopping: the New E-commerce Grocery Experience Launched by Carrefour and Google in France

June 17 2020

“Carrefour and Google are launching in France a new voice-based e-commerce grocery shopping experience within the framework of their strategic partnership signed in June 2018. As the first retailer in the world to offer its customers the new integrated voice shopping service on the Google Assistant, Carrefour continues to build on its multichannel offering. Based […]
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