KBC, a Belgium-based financial solution, announced last week it has integrated with PayPal. KBC reported that its customers may now consult their PayPal through KBC Mobile.
“KBC played a pioneering role in the implementation of PSD2 and, in March 2018, was the first bank in Belgium to introduce multi blanking in its mobile banking app by allowing customers to consult the balance of private and professional current accounts with other banks from KBC Mobile. So far, 15,000 customers have linked an account with another bank to their KBC Mobile app.”
Speaking about the integration, Karin Van Hoecke, Director of the Digital Transformation Division Belgium KBC, stated:
“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. 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. We do this with great respect for the privacy of our customers and the protection of the data they entrust to us.”
KBC further explained that its KBC Mobile users have had access to bank accounts with Argenta, Belfius, BNP Paribas Fortis and ING since the end of March 2018. The company went on to add that other banks will be added as soon as they have taken the necessary technical steps to make the link possible.