PRETA has announced that payment transactions for a total value of over EUR 10 billion have been initiated via MyBank since the launch of the pan-European e-authorisation solution in March 2013, according to thepaypers.com.
While it took just under five years to reach the EUR 5 billion milestone, the value doubled within less than a year. On average more than EUR 14.5 million are transacted via MyBank every day.
MyBank is gaining ground across the EU and is widely used for transactions in business-to-business (B2B), business-to-consumer (B2C) and public administration contexts. The pan-European solution enables the initiation of secure online-banking based payments with no set amount limit.
MyBank is an e-authorisation solution which enables safe digital payments and identity authentication through a consumer’s own online banking portal or mobile application.
Banking security is at the core of MyBank. MyBank creates a direct link between a customer’s online bank account and the online business’s bank which eliminates the need to collect and store personal data. Customer identity and confidential data are protected. Immediate authorisation of payments reduces risk of fraud and charge-backs. With MyBank, trust and confidence in online transactions is increased.
MyBank is available for everyone who uses online or mobile banking and for every business or organisation which operates online, from web merchants to the public administration. And it is accessible on PC, smartphone and tablet. Today, MyBank has more than 10.000 contractualized merchants and 40 million clients reached.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
