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February 8, 2024
On the web
UPI in France: Indian Tourists Can Now Make Payments in Rupees
IBS Intelligence
July 24, 2023
On the web
Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show
Coindesk
July 17, 2023
On the web
Indians Will Soon be Able to Use UPI in France: How Will it Work, Charges and More (Video)
CNBCtv18.com
January 21, 2021
On the web
France to Shut Almost 40% of Cash-Handling Centers
Bloomberg
“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 central bank estimates the network would be 40% underused if it remained as expansive as it is now.”
January 19, 2021
On the web
Bank of France Settles $2.4M Fund in Central Bank Digital Currency Pilot
Cointelegraph
“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 euros ($2.4 million) worth of simulated shares purchased and sold by investors using a CBDC.”
June 17, 2020
On the wires
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 on a combination of advanced technologies, this innovative service simplifies and personalizes the grocery shopping experience while protecting the personal data of users.”
September 4, 2018
On the web
Bus tickets and Navigo pass are available on smartphone in Île-de-France (translated)
RTL
“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 counter, valid for one hour for an unmatched trip .”
July 17, 2018
On the web
UnionPay Partners With La Banque Postale To Expand Card Acceptance
Cards International
“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 move enables 80% of ATMs across France to accept UnionPay cards, compared to the existing 70%. Currently, more than 200,000 local merchants accept the company’s cards.”
July 13, 2018
On the web
Paris Says ‘Au Revoir’ To Metro Ticket, Ushers In Contactless Payment
Euronews
“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.”
May 15, 2018
Top Post
Worldline’s $2.75 Billion Deal For Six Payment Services Sets Stage For More Consolidation
Reuters
“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 shift towards electronic and online payments.”
On the web
French Banks To Add P2P Transfers To Paylib Online And In-Store Mobile Payments Service
NFC World
“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 the coming weeks.”
March 14, 2018
On the wires
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.”
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