• Over EUR 10 billion have been paid through MyBank in 2022.
  • The growth represents an increase of 38% compared to 2021.
  • Transacted volume registered a growth of 23% year on year.
  • More than 1,500 new businesses started offering MyBank in the past 12 months.

Paris, 31 January 2023 – MyBank, the account-to-account payment solution, closes out 2022 with a record total annual transaction value above EUR 10 billion.

The solution gained further traction over the last year thanks to a growing number of consumers and businesses that adopted MyBank to pay online and the increasing number of participating banks and other payment service providers that joined the solution.

The continued growth of MyBank confirms its value proposition in the online business-to-business (B2B) segment and online business-to-consumer (B2C) transactions of high amounts (e.g., travel, luxury goods, spare parts, real estate, furniture).

Throughout 2022, MyBank further facilitated the integration of its solution for banks and other payment service providers through its centralised gateway and API [1] connectivity. Last year, around 70 new payment service providers from some 20 European countries joined the MyBank payment network.

“The scheme-based approach of MyBank for account-to-account payments continues to demonstrate its relevance to end users and payment service providers. MyBank will celebrate its 10th anniversary this year and further extend its reach into new countries to answer the increasing demand for cross-border online trade.” – said Tarik Zerkti, CEO of PRETA, the company that owns and manages MyBank.

In the context of the rising trend of e-commerce in the EU, which is expected to double to about 30 percent of the retail sector’s total sales by 2030, driving a 90% growth [2],  MyBank provides for an easy payment experience with a sound underlying contractual framework for payment service providers, standardized APIs and a trusted brand.

MyBank allows banks and other payment service providers to complement their digital payments offering while supporting financial and digital inclusion. Businesses that have no online presence or e-commerce website can accept payments through pay-by-link solutions offered by participating banks and other payment service providers.

With the rise of payments based on bank transfer that are expected to grow by 20% in the next three years[3], MyBank represents a trusted solution that brings a wealth of opportunities to create value and strengthen the bonds between PSPs, businesses and their customers. Our aim this year is to expand our model into other European markets,” – added Giorgio Ferrero, Executive Director at PRETA.



[1] Application Programming Interface

[2] McKinsey & Company and Euro Commerce “Transforming the EU retail & wholesale sector” (October 2022)

[3] Global Payments Report 2020 – Worldpay