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Wallet Database

Paylib

21st of August 2016

Overview



  • Summary: Paylib is a cards-based digital wallet for online and in-store (via NFC) purchases operating in France only and launched in Sep 2013. Paylib is managed by a bank consortium formed by the current 7 major French banks.

  • Websitehttp://www.paylib.fr/

  • Status: Live

  • Market: France (Sep ’13)

  • Type: Bank Consortia

  • Ownership: Paylib is managed by a bank consortium formed by the current 7 major French banks: BNP Paribas, Société Générale, Banque Postale, Crédit Mutuel, Crédit Agricole, Hello Bank and Boursorama Banque.

  • Functions: Retail payments only

  • Payment Mode: Cards-based

  • Channel: In-App, WEB (The payments are made through user’s bank website/application. It means that PAYLIB has not its own application or website where to log in and make a payment, if not, it is an additional solution payment installed in the bank website/application).

  • Roadmap: POS via NFC, P2P payments


User Experience



  • Registration & set up: Registration process is done through supporting banks’ website/application. A credit card must be linked to Paylib. No option to add several cards. To validate the account is necessary to enter a code received by SMS. Bank applications are available on Google Play and App Store.



  • Making a payment: App must be open. Select Paylib as a payment method and log in. Authenticate with PIN code. (Update to follow – Further information being obtained)

Payment Flows & Technology



  • Merchant perspective: An implementation of the option Paylib is needed on the merchant website. Paylib allows sales integrate with merchant’s usual electronic payment appropriations. No need to open a specific account, because Paylib is a payment system integrated directly to banks and therefore eliminates one step in the process of payment. Reporting tools and management unchanged.

  • Security: Paylib ensures a security equivalent to the 3D Secure system with a smoother buying journey that reduces dropouts baskets and let merchants increase their revenue. Paylib does not mention which specific security is used. Each purchase must be validated by entering a 6-digit code.

Business Model



  • Strategy: Banks (promoters) offer a secure payment solution to the merchants, who are charged for the abovementioned solution. Pricing terms vary from one provider to another.

  • Payee fee: Pricing terms are not the same from one provider to another. Paylib aims to offer all online retailers a competitive payment solution in terms of cost.

  • Payer fee: No charge for consumers. 

Performance Data


Contact (MobeyForum Members only)



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