ČSOB and Mall formed Mall Pay to facilitate payments and credit in online stores
ČSOB bank and online retailer Mall formed a joint venture, Mall Pay, to facilitate classic payments in online stores, delayed payments, credit to online shoppers, and various types of insurance. It will offer loans from several providers, not just ČSOB. Mall Pay plans to launch its services by the end of this year, and expects 50-60,000 clients in Slovakia in its first year.
(HN/9)