MyBank is the pan-European solution designed by EBA Clearing for domestic and cross-border e-commerce payments. It enables consumers to pay for their online purchases in an easy and safe way using real-time bank transfers.

MyBank positions itself as a flexible solution for both B2B and B2C businesses: over 250 banks and PSPs have joined the MyBank network throughout Europe. It is an especially popular payment method in Italy, integrated with over 200 banks and PSPs, and has a potential consumer base of 40 million consumers across Europe.

Consumers complete payments by selecting their bank and logging in with their online banking credentials.

Other bank-transfer methods operating in Italy include Trustly, TrustPay, Sepa and SafetyPay.

The benefits of supporting bank transfer in Italy

  • Just 46% of Italians have a credit card but 84% have an Internet connection
  • Italians pay for US$ 4.9 bn of annual online purchases with bank transfers each year.
  • Over the next five years, the Italian e-commerce market will grow at a rate of 20%.
Want to integrate MyBank onto your platform? Get in touch
Availability Available with PPRO
Type Bank transfer
Company behind LPM RETA S.A.S
Market share details Around 30 m transactions daily

Why MyBank

MyBank allows transactions of any amount as long as the necessary funds are available in consumer bank accounts, with no risk of chargeback.
In 2020, MyBank reported an increase in active merchants of 12% and a 46% increase in the number of companies transacting over €1 million in the previous 12 months.
Popular payment method in Italy, integrated with over 140 banks and a potential consumer base of 40 million consumers across Europe.

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