BNP Paribas has launched Tap to Pay on iPhone for its retail customers in France.

The service uses the Tap to Pay Axepta BNP Paribas application, which is BNP Paribas’ international payment service, and accepts all forms of contactless payments.

The French bank said that service is compatible with Cartes Bancaires (CB), France’s interbank network which accounts for more than 65 per cent of daily consumer payments in the country, as well as Visa and Mastercard.

BNP added that retailers require no additional hardware or payment terminal to operate the service.

“Tap to Pay on iPhone complements AXEPTA BNP Paribas’ payment solutions offer providing a complete digital experience and an optimised customer journey,” said Emmanuelle François, head of Axepta BNP Paribas. “BNP Paribas has chosen to offer Tap to Pay on iPhone with CB at launch in order to guarantee its retailer clients access to a widely used, robust, economical and secure network."

Earlier this month BNP Paribas agreed to acquire a nine per cent stake in Belgian insurer Ageas from China's Fosun Group.

The deal for Fosun’s entire stake in Ageas is worth €730 million.

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