22 September 2017
Visit http://response.ncr.com

French bank mobile payment apps Wa! and Fivory merge

20 October 2016  |  13824 views  |  0 Paris - Eiffel tower

A pair of mobile payment services backed by two of France's biggest banks - BNP Paribas and Crédit Mutuel - are merging.

From early next year, Wa!, which is backed by BNP and retail giant Carrefour, will join forces with Fivory, a rival offering from Crédit Mutuel, Mastercard and grocer Auchan Retail.

The new, as yet unnamed, unified app will enable customers to make instore and online payments with a single movement, send P2P money transfers, settle invoices and use loyalty points and coupons.

The partners say that the decision to join forces is driven by the desire to offer all players in the ecosystem a single offering that pools their qualities and unites the partners.

Jean-Laurent Bonnafé, group CEO, BNP Paribas, says: "We’re seeing growing interest in the market for such a solution and it’s now vital that the complementary players work together to build and make available a solution able to meet new customer expectations in this changing world."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Orange Cash opens mobile wallet to teen market

Orange Cash opens mobile wallet to teen market

19 October 2016  |  6851 views  |  0 comments | 13 tweets | 10 linkedin
French banks team on e-payments service

French banks team on e-payments service

17 September 2013  |  7080 views  |  0 comments | 16 tweets | 11 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comdownload the paper nowvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12473 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10949 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9525 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8148 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8112 views comments | 5 tweets | 4 linkedin

Featured job

Find your next job