MyBank

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
Countries

Why MyBank

1
MyBank allows transactions of any amount as long as the necessary funds are available in consumer bank accounts, with no risk of chargeback.
2
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.
3
Popular payment method in Italy, integrated with over 140 banks and a potential consumer base of 40 million consumers across Europe.

E-commerce and payments insights by country

Discover how the world pays for things by exploring our e-commerce reports. We have one for almost every country on the planet.

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