PayPal Joins Belgium's KBC Mobile Account Aggregation Package

PayPal Joins Belgium's KBC Mobile Account Aggregation Package
30.09.2019 06:25 am

PayPal Joins Belgium's KBC Mobile Account Aggregation Package

Banking

Belgium's KBC has added PayPal balances and transactional information to its mobile bank account aggregation app.

The inclusion of PayPal, alongside Argenta, Belfius, BNP Paribas Fortis and ING, reflects the great strides the company has made in insinuating itself into people's everyday shopping and payments habits.

KBC says the move to add PayPal followed a consultation with customers in which one-third of users said they would like to check their PayPal accounts via KBC Mobile. Within two days, over 5000 customers had synched up their Paypal account within the banking app.

Karin Van Hoecke, director of the Digital Transformation Division Belgium KBC, says: "Consulting and using all financial data in one app is a clear question from our customer and the integration of PayPal shows that we look beyond the traditional accounts. Customers can now not only follow the purchases they bought with the familiar KBC or Bancontact payment button, they can now also follow up on their PayPal account.

KBC was the first bank in Belgium to incorporate third party bank accounts to its mobile app, enabling customers to view balances, check transaction history and make payments from the account. Since launching the service in 2018, up to 15,000 customers have used the facility to link to at least one account from another bank.

Related News

Privitar Closes $80 Million Series C Funding Round Led by Warburg Pincus

Privitar, the leading data privacy platform provider, today announced that it has completed an $80 million Series C funding round led by... Read more »

Tide adds clarity to government cash for businesses with Eligibility Tracker

Tide, the UK’s leading business banking platform... Read more »

Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)

Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing... Read more »

­­­Temenos smooths banks transition from London Interbank Offer Rate (LIBOR) to Risk-Free Rates (RFRs)

Temenos (SIX: TEMN), the banking software company, announced the availability of its updated banking software products to ease banks’ transition from the London Interbank... Read more »

Global banking technology leader Avaloq to reach net zero emissions by Q3 2020

Avaloq, a global leader in digital banking solutions and wealth management technology, is on track to reach net zero emissions by the third quarter of this year, one of a... Read more »

Temenos Wins Google Cloud Technology Partner of the Year Award for Financial Services

 Temenos (SIX: TEMN), the banking software company, today announced it has been recognized by Google Cloud as its Technology Partner of the Year in Financial Services. This... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel