BNP Paribas continues to strengthen in France.
The bank is in the process of getting its hands on Floa Bank (formerly Banque Casino), the consumer credit specialist of the Casino group and Crédit Mutuel Alliance Federal, as revealed by
Les Echos
.
Information confirmed in Figaro
.
The Postal Bank, also in the running, would have withdrawn.
Just like the Spanish bank Santander, which would have thrown in the towel some time ago.
Read also:
BNP Paribas benefits from its diversification
With 3 million customers, Floa Bank is positioned in the booming sector of payment in three or four times.
The establishment, owned equally (50-50) by Casino and Crédit Mutuel Alliance Federal, claims first place in France in this segment with more than 25% market share and more than 100 partner e-merchants.
An interest in Orange Bank
Split payment is taking full advantage of the e-commerce boom.
The London firm Kaleido Intelligence sees this market grow by nearly 400% in the world by 2025. As a result, the many finance start-ups (including
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