Canada    FinTech Guide    Chapter 1    France

1. Payment Services / Mobile Payment
France  France

In general, the competition in France regarding modern payment services is considered to be high.

Legal Affairs

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).

Economic Conditions

  • 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.

Contributing Authors

LERINS & BCW Avocats Associés

Christine Vialars
Paris, France

Laurent Julienne
Paris, France

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Chapter Index:

1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018