Potential PayPal rival, Paylib, has already recruited French merchants to take on simple login and password payment solution.
23 Million French consumers are already using Paylib, compared to 7 million PayPal users in France. The payment system has been created by three major banks: BNP Paribas, Société Générale and La Banque Postale with the intention of bringing more French banks on-board.
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With processing costs lower than those by PayPal for French merchants, Paylib is hoping to create a storm in the French e-payment market and to empower French banks that choose to become partner.
Websites that are already using Paylib include Leroy Merlin, Voyages-sncf.com, Ventesprivees.com and PriceMinister – all well know and successful e-commerce platforms which should help in the initial development plan for Paylib.