back Back

BNP Paribas and BPCE join forces to create a payment processor

By Gloria Methri

June 17, 2024

  • Bnp Paribas
  • BPCE
  • Digitalisation
Share

BNP Paribas, BPCE, Payment Processing, Card Payments, FinTech, Europe, FranceBNP Paribas and BPCE have announced a strategic partnership to acquire a payment processing technology for cardholders and merchants. This payment processor would handle all card payments from the two banks in Europe and could also be opened to other banks.

The partnership will respond to ongoing market developments, particularly those relating to the digitalisation of payment systems, the virtualisation of debit cards and the promotion of instant transactions.

This processor would handle all card payments from BNP Paribas and Groupe BPCE in Europe, accounting for 17 billion transactions, and could also be opened to other banks.

The partnership would result in the creation of a common processor with a technological platform capable of integrating technological standards for payments, the growing usage of digitalisation and the innovations brought about by domestic and international schemes (Carte Bancaire, Visa, Mastercard, EPI/Wero).

With 17 billion transactions from BNP Paribas and BPCE processed, this processor could be the leader in France and rank among the top in Europe.

Nicolas Namias, CEO of BPCE, said, “The first generation of our collaboration in payments with BNP Paribas was a great success. With this new industrial partnership project, in line with our next strategic plan, we are taking an important step towards accelerating innovation in payments in the coming years. In this way, we will offer the best quality of service to our customers, in particular the networks Banque Populaire and Caisse d’Epargne.”

Jean-Laurent Bonnafé, Director and CEO of BNP Paribas, said, “Payment systems are an essential component of the bank’s relationship with its customers, and we must ensure they adhere to the highest possible standards. Given that the increase in card transactions is exponential, our ambition for this processor is to create a device that is efficient and scalable across all our European locations. It is this context that demonstrates how important this joint European platform project with Groupe BPCE is, as it aims to support the acceleration of our development in payment systems.”

Previous Article

June 17, 2024

Prime Bank Bangladesh & CTM360 to fight digital threats & online frauds

Read More
Next Article

June 17, 2024

Mastercard taps Thought Machine to advance its core banking capabilities

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Bnp Paribas

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 B2B SaaS platforms transforming business operations in the UK

Read More

Today

Google Play & Cash App Pay offer next-gen consumers with payment options

Read More

Today

Revolut secures UK banking licence

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024