BNP Paribas launches a payment solution integrated into the Microsoft Teams application

BNP Paribas and Stancer (iliad group) are working together to integrate an all-in-one payment solution into Microsoft Teams, targeting online professionals and merchants. The solution will be available in France by the end of the month, and will be gradually rolled out across Europe.

FACTS

• BNP Paribas and Stancer (iliad group) have announced that they are working together to integrate an all-in-one payment solution into Microsoft Teams, aimed at professionals and retailers with online activities.

• The solution will be available from the end of this month in France, and will be gradually rolled out in other European countries thereafter.

• The solution enables Microsoft Teams users, such as travel agencies, tutors and coaches, to send payment requests directly within conversations with their customers.

• The service is based on the Stancer payment API and will be accessible via an application available on the Microsoft Teams store.

• Merchants will have a dashboard to track their transactions and make refunds if necessary.

• The initiative includes instant and secure payment functionality, with a Buy Now Pay Later option to follow.

• It is co-developed by Stancer, BNP Paribas and Floa, leveraging BNP Paribas' expertise in payment processing to deliver a seamless and frictionless user experience.

CHALLENGES

• Simplification of the payment process: By integrating payments directly into Microsoft Teams conversations, the solution aims to simplify and secure the payment process for customers, eliminating the need for complex prior actions.

• Expanding sales channels: For merchants and professionals, this solution opens up a new sales channel within a widely used platform, increasing transaction opportunities and making it easier to manage online payments.

• A strategic partnership: The collaboration between BNP Paribas, Stancer and Microsoft strengthens the position of these companies as leaders in payment innovation. By combining their respective expertise, they can offer a robust and reliable solution that meets the evolving needs of the market.

MARKET PERSPECTIVE

• The French bank recently announced the imminent arrival of its Tap to Pay solution in France. The launch is part of the bank's long-term commitment to innovation in payments, but also part of an underlying trend.

• What's more, Orange and BNP Paribas have just made official their agreement and the takeover of Orange Bank by the French bank. It's an expected and logical finalisation, and a final conclusion after months of twists and turns, the latest of which, just a few weeks ago, involved the American investment fund Ripplewood.

• As for Stancer, to attract new merchants, a mobile application has been launched and a partnership has been signed with PrestaShop to facilitate the creation of online shops by the end of 2023.