In general, the competition in France regarding modern payment services is considered to be high.
A license to be obtained from ACPR (« Autorité de Contrôle Prudentiel » or Prudential Control Authority) is needed. All the requirements are provided by and listed in article L.522-1 and following of the Code Monétaire et financier or Monetary and Financial Code (CMF).
- Growing market
- Payment service : All major banks in France have their own subsidiary providing payment services, Paypal
- Mobile payment: Lydia / Pumpkin
Credit cards are used in France more than in other countries (nearly 60% of daily payments are made with credit cards).
Contactless payments (up to 20€) are becoming very common as it is easier than coins or bank notes.