French banks have teamed up like the Dutch did to conquer PayPal...in the Netherlands this was successfully done via Ideas
Paylib, a PayPal-style online payment system set up last year by French banks, is extending its reach thanks to the addition of Crédit Agricole as a member and a deal with MasterCard that will let people use the service abroad. Established by BNP Paribas, Société Générale and La Banque Postale, Paylib lets users link a card and then make payments at participating retailers' websites by entering their email, password and a code generated by a mobile app. In just over a year, the service has been adopted by more than 300,000 of the banks' customers and 700 e-merchants. The addition of Crédit Agricole next year, on the heels of Crédit Mutuel Arkéa, means that Paylib will be available to 40 million French cardholders and more than 30,000 retailers.