Who owns Cartes Bancaires?

14 Nov 2023

Unlike the straightforward ownership setups often seen in Silicon Valley, Cartes Bancaires' ownership is a bit more complex.

More specifically, it involves the handshakes of a group of French banks. This way of doing things emphasizes teamwork and a shared goal of making French finance better.

The three French banks, BNP Paribas, Société Générale, and Crédit Agricole, play the lead role in making decisions about Cartes Bancaires. Cartes Bancaires S.A. is like the guardian of the payment system. It is a company created by the big banks to take care of Cartes Bancaires.

The board of Cartes Bancaires S.A. comprises representatives from these institutions. They form a group that oversees how it works and decides its direction. This group approach keeps Cartes Bancaires flexible, responsive, and in tune with the changing world of fintech.