Bancontact Payconiq Company was formed following the merger of Bancontact Company and

Payconiq Payconiq International S.A. is a Luxembourg-based company developing a mobile payment and payment processing platform, active in Belgium and Luxembourg. The company had the initial support of ING Bank, which was joined later by Belgian banks KBC ...

Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...

. The company is the Belgian market leader in

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

. Company headquarters are in

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

History

In March 2018 the companies declared their intention to merge with each other. The merger was finalized in July. Nathalie Vandepeute became the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

. In August, the company got a capital injection from its five major shareholders from 17 to more than 32 million euros. In January 2019 the company merged its payment applications called "Bancontact" and "Payconiq" into an app called "Payconiq by Bancontact". The app is supported by 20 Belgian banks and 290.000 Belgian stores. Next to the app, the company issues debit cards under the "Bancontact" branding that can be used in physical stores and online. Bancontact Payconiq is a member of the

European Mobile Payment Systems Association The European Mobile Payment Systems Association (EMPSA) is an association that aims to foster collaboration and to enable the use of different mobile payments systems internationally. EMPSA is headquartered in Zurich, Switzerland and chaired by S� ...

References

External links

Official website
{{Interbank networks Payment service providers Financial services companies of Belgium Financial services companies established in 2018 Belgian companies established in 2018