Paylib imagines payment between friends

Paylib imagines payment between friends
What if your phone number was used as a RIB? This is the innovative service offered by Paylib, the banking application that allows you to transfer money between individuals with a simple SMS!

This functionality, supported by 9 * major French banks including La Banque Postale, can now be activated directly from the mobile application of these establishments.
Playful, fun, sympathetic… There is no lack of qualifiers to describe this new feature of dematerialized person-to-person payment, “Paylib between friends”. It is true that the principle could not be simpler. For example, if you are at La Banque Postale, all you have to do is connect to the “La Banque Postale” mobile app and go to the “Transfers” menu. Then enter the mobile number and the name of the contact to whom you want to send money. And voila ! The beneficiary of the money transfer then receives an SMS confirming that the amount will be credited to his account or inviting him to enter the number of his Iban account and the transfer reference on Paylib if he is not registered there. Paylib between friends appears as a secure mobile payment solution.
 
Although there are other apps of this type, none are so easy to use, for the simple reason that they all involve creating an intermediary account, on which you are forced to tie up money. 'money. With "Paylib between friends", this step is eliminated, the money transfer is made directly from the customer's current account to the beneficiary's current account. However, it is indeed a banking service and as such, it appears as a transfer on your account statements.

This person-to-person money transfer service is also very useful to avoid the headache of sharing the bill or the false excuse of not having cash. Moreover, across the Atlantic, it is very popular: the American peer-to-peer payment market is estimated at 150 billion dollars this year by the specialized firm eMarketer, which expects 244 billion in 2021.
Knowing that we generally follow the American model, we can legitimately assume that Paylib between friends will develop at high speed. Especially since the largest French banks have played the game of interoperability by joining forces, which makes it possible to democratize this service more quickly. Do not hesitate, get started! To try it is to adopt it !

* La Banque Postale, Société Générale, BNP Paribas, Crédit Agricole, Boursorama, Hello Bank, Crédit Mutuel Arkea, Banque Populaire and Caisse d'Epargne.