Lyf Pay is a mobile payment method developed by a consortium of major French companies, including the BPCE banking group, Auchan, Crédit Agricole, Mastercard, and Total. It allows users to pay for purchases in-store or online, transfer money to friends, and take advantage of exclusive discounts and offers.
Lyf Pay uses NFC (Near Field Communication) technology to enable contactless payments at participating stores. To make a payment, users first need to add their credit or debit cards to the Lyf Pay app. They can then select the card they want to use for each transaction and authorize the payment by holding their phone near the NFC payment terminal.
Lyf Pay also offers a peer-to-peer money transfer feature, which allows users to send money to other people using their mobile phone number. Users can also enjoy discounts and exclusive offers by using the app to pay for purchases at participating retailers.