Belgium bank KBC integrates Paypal into its mobile app through open banking

https://www.mobilepaymentstoday.com/news/belgium-bank-kbc-integrates-paypal-into-its-mobile-app-through-open-banking/
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Belgium bank KBC integrates Paypal into its mobile app through open banking

KBC Group, a Belgium-based digital bank, said it has integrated Paypal into its mobile banking app to allow customers to check balances and perform other transactions. 

The integration is part of a wider open banking effort by KBC Group, which allows customers to access their third-party banking needs directly through the KBC mobile app. 

“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,” Karin van Hoecke, director of the digital transformation division Belgium at KBC, said in a company release. “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 said it was the first bank in Belgium to allow multi-banking through its mobile app starting in March 2018, when it allowed customers to check the balances of their other accounts. KBC customers can access information from accounts with Argenta, Belfius, BNP Paribas Fortis and ING. 

Cover image courtesy of KBC.


 


Topics: Mobile Apps, Mobile Banking, Mobile Payments, Region: EMEA

Companies: PayPal


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https://www.mobilepaymentstoday.com/news/belgium-bank-kbc-integrates-paypal-into-its-mobile-app-through-open-banking/