Bancontact Payconiq Company
IndustryFinancial services
PredecessorsBancontact Company, Payconiq Belgium
Founded2018
HeadquartersBrussels, Belgium
Key people
Nathalie Vandepeute (CEO)
ProductsMobile applications
Websitebancontactpayconiq.com

Bancontact Payconiq Company was formed following the merger of Bancontact Company and Payconiq Belgium. The company is the Belgian market leader in financial services. Company headquarters are in Brussels, Belgium.[citation needed]

History

In March 2018 the companies declared their intention to merge with each other.[1][2][3] The merger was finalized in July. Nathalie Vandepeute became the CEO.[citation needed]

In August, the company got a capital injection from its five major shareholders from 17 to more than 32 million euros.[4]

In January 2019 the company merged its payment applications called "Bancontact" and "Payconiq" into an app called "Payconiq by Bancontact".[3][5] The app is supported by 20 Belgian banks and 290.000 Belgian stores.[6] Next to the app, the company issues debit cards under the "Bancontact" branding that can be used in physical stores and online.[7] Bancontact Payconiq is a member of the European Mobile Payment Systems Association.[citation needed]

References

  1. ^ News, TBT. "The Brussels Times - Bancontact and Payconiq Belgium to merge". Retrieved 2019-02-03. ((cite news)): |last= has generic name (help)
  2. ^ "Payconiq to merge with Bancontact in Belgium". Finextra Research. 2018-03-27. Retrieved 2019-02-03.
  3. ^ a b "Belgian payment firms Payconiq and Bancontact to merge operations". Electronic Payments International. Archived from the original on 2019-03-28. Retrieved 2019-02-03.
  4. ^ "Bancontact tankt 15 miljoen euro extra kapitaal bij". De Tijd (in Dutch). 2018-08-03. Retrieved 2019-02-03.
  5. ^ "Bancontact en Payconiq samen in één app". De Tijd (in Dutch). 2019-01-23. Retrieved 2019-02-03.
  6. ^ "Belgium's Payconiq by Bancontact app launches". Finextra Research. 2019-01-23. Retrieved 2019-02-03.
  7. ^ Tanghe, Nico (27 March 2018). "Bancontact en Payconiq fuseren tot nieuwe betaalreus". De Standaard (in Flemish). Retrieved 2019-02-03.

External links

Interbank networks by region
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