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Compte-Nickel and BNP Paribas join forces to strengthen commercial partnership with the Confédération des Buralistes de France

  • 04.04.2017

BNP Paribas and Financière des Paiements Électroniques (FPE), which provides the Compte-Nickel payments account, have signed a Memorandum of Understanding for the purchase of a 95% stake in FPE by the Bank. The exclusive partnership between Compte-Nickel and the Confédération des Buralistes de France has been extended.

With over 540,000 accounts opened over the past three years and a new account being opened in France every 30 seconds, Compte-Nickel has proven to be a real success with a broad and diverse public. A key advantage for those using Compte-Nickel is its 100%-digital processingand real-time treatment of payment transactions.

The new alliance forged between Financière des Paiements Électroniques and BNP Paribas marks the second phase in the growth of Compte-Nickel, with a view to speeding up the acquisition of new customers, the target being a total of two million accounts by 2020.

Compte-Nickel will add up to the BNP Paribas Group’s multichannel setup designed to new banking usage in France. Together with the Bank’s branch network, the digital services offered by the French Retail banking and Hello bank!, Compte-Nickel provides BNP Paribas with a comprehensive set of solutions well adapted to all client needs.

“From the very start, the Confédération des Buralistes has been the strategic partner to Compte-Nickel, ensuring its exclusive distribution. BNP Paribas joining the partnership gives us an opportunity to secure and strengthen this strategic agreement. Our target is to increase fourfold within a few years the number of local retailers who distribute Compte-Nickel. In addition, it is expected that the Confédération and BNP Paribas will study together any project contributing to modernise the Buralistes’ network,” declared Pascal Montredon, the President of the Confédération.

Hugues Le Bret, Chairman of Financière des Paiements Électroniques, explained: “Since its creation in 2013, Compte-Nickel has grown thanks to the support of the Confédération des Buralistes de France, alongside our shareholders and staff.  In order to pursue our new ambition, joining forces with a top-rank financial player was a matter of course. As a partner of choice for startup companies, BNP Paribas was immediately able to grasp the relevance of our positioning, our need for agility in developing our business model, and the resources required to drive our growth. Our brand, our values and our disruptive culture all remain unchanged.”

Thierry Laborde, BNP Paribas Group Deputy Chief Operating Officer, underlined: “By making this investment along French Buralistes, BNP Paribas is further extending its partnership range, both in terms of service and customer. The Compte-Nickel offering will remain distinct from, and complementary to, the products and services provided by the    BNP Paribas branch network and Hello bank! Like all the startups with which we have already long-term cooperation, Compte-Nickel will remain independent from the rest of the Group. Meanwhile we will be making every effort to help Compte-Nickel improve the customer experience and foster its growth, while remaining true to its concept.”

The draft agreements relating to this transaction will be subject to a consultation process with the Works Council of each of the two parties and will require the relevant regulatory authoritations before being finalised and executed.

The General Management team at Financière des Paiements Électroniques will remain unchanged as:

  • Ryad Boulanouar, Honorary Chairman,

  • Hugues Le Bret, Chairman,

  • Arnaud Giraudon, Chief Executive Officer ,

  • Jacques-Olivier Schatz, Company Secretary.

 

About Compte-Nickel             

Compte-Nickel is a account service in France open to all, without any conditions regarding income, deposits or personal wealth, and without any overdraft or credit facilities. Compte-Nickel operates in real time, using the latest technology. An account may be opened through the intermediary of a local ‘buraliste’ who havs been certified by the Banque de France. The holders are provided with an Internet space to keep track of their transactions, an international MasterCard, a RIB bank account number enabling the holder to deposit salaries, make and receive transfer payments and record direct debits with total reliability. The customer service department is open from 8am to 8pm, Monday to Saturday.

 

Abouth The Confédération des Buralistes

The French Confédération des Buralistes is the sole organisation representing some 25,000 local retailers of state-licensed products and services, including tobacco, tax stamps and sub-post office services. The Confederation is underpinned by 113 professional chambers at French département level and 16 regional federations, all run by people actually involved in the business.  The Confederation’s mission is to promote the interests of the profession, while creating a forward-looking drive for the sector.

 

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

Press contact(s)

Compte Nickel  
Juliette Lemoine -  (+33) 6 63 45 59 26 - jlemoine [at] lebureaudecom (dot) fr

Confédération des Buralistes 
Michel Guiffès - (+33) 6 80 81 23 28 - m.guiffes [at] buralistes (dot) fr

BNP Paribas  
Malka Nusynowicz - (+33) 1 42 98 36 25 - malka.nusynowicz [at] bnpparibas (dot) com

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