Bancontact

Bancontact is the Belgian national debit and mobile payment scheme, run by Bancontact Payconiq Company SA/NV in Brussels. The Bancontact network dates back to 1979. Today the brand covers the Bancontact debit card for shops and online, the Bancontact Pay app for QR payments and Bancontact Pro for businesses. The company reports more than 2.5 billion transactions per year.

Features

• Bancontact card payments in stores and online shops, physical or digital card
• Bancontact Pay app and bank apps for scanning QR codes, in stores, online and between friends
• Bancontact Pro with app, sticker and integrated solutions for merchants
• Acceptance of both Bancontact and Wero through Bancontact Pro

Ownership and limitations

Bancontact Payconiq Company was formed in 2018 by the merger of Bancontact Company and Payconiq Belgium. At the time of the merger its shareholders were Belgian banks, including Belfius, BNP Paribas Fortis, ING and KBC. It is a payment institution supervised by the National Bank of Belgium. The scheme is focused on Belgium. For customers from other countries, Bancontact is mainly relevant as a payment option in Belgian online shops.