On The Web
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“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 […]
Bank of France Settles $2.4M Fund in Central Bank Digital Currency Pilot
“The Bank of France successfully piloted a central bank digital currency — or CBDC — experiment in December, using the technology to settle monetary fund shares on a private blockchain platform for the first time. As announced by Le Banque de France on Jan. 19, the pilot commenced on Dec. 17, and saw 2 million […]
Bus tickets and Navigo pass are available on smartphone in Île-de-France (translated)
“For fifteen months, travelers using certain bus lines in the Île-de-France region will be able to buy their ticket on their smartphone. Just send an SMS to 93100 from a mobile phone using Orange, SFR or Bouygues networks. The user receives in return a code, billed 2 euros , the same price as the tickets purchased on board or at the […]
UnionPay Partners With La Banque Postale To Expand Card Acceptance
“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 […]
Paris Says ‘Au Revoir’ To Metro Ticket, Ushers In Contactless Payment
“The “Navigo Liberté+” pass, designed for people who travel regularly but not enough to warrant buying one of the already-existing weekly, monthly or yearly passes, will allow users to travel without topping up or buying tickets. It will be linked to a bank card and usage will be debited at the end of each month.”
Worldline’s $2.75 Billion Deal For Six Payment Services Sets Stage For More Consolidation
“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 […]
French Banks To Add P2P Transfers To Paylib Online And In-Store Mobile Payments Service
“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
nbsp;Voice Grocery Shopping: the New E-commerce Grocery Experience Launched by Carrefour and Google in France
“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 […]
GROUPE BPCE TO BECOME THE FIRST BANKING GROUP TO LAUNCH SAMSUNG PAY IN FRANCE FOR BANQUE POPULAIRE AND CAISSE D’EPARGNE CUSTOMERS
“With the new mobile payment solution, Banque Populaire and Caisse d’Epargne customers will be able to make purchases with their smartphones wherever contactless Visa payments are accepted. Holders of the Apetiz meal voucher card will also soon be able to pay for their lunches directly with the Samsung smartphones.”