We already announced it in February and now the service has been officially launched. Belfius Bank customers can make contactless mobile payments with Bancontact in shops.
'More and more, the Belgian consumer opts for the convenience of electronic payments with Bancontact, even for the smallest amounts', says Kim Van Esbroeck, CEO of Bancontact Company. This is also apparent from the figures of Worldline, Bancontact acquirer and supplier of Bancontact to merchants. Bancontact payments for amounts under 5 euros have known an unprecedented growth of no less than 36%.
Adding to the strength of its own app, Bancontact is also building on its collaboration with other fintech companies, such as Tricount, POM and Doccle. “Through these partnerships, both parties strengthen each other,” explains Bancontact CEO Kim Van Esbroeck. “Start-up fintechs are able to draw on the considerable coverage and expertise of Bancontact. Similarly we, as market leaders, are able to keep a close eye on things when it comes to payment innovations.”
It's always fun to travel or to eat out with a group of friends. However, paying joint expenses is often a lot of hassle. Who owes how much to whom? And who will keep track of things? From now on, that's a thing of the past. Because now, the Tricount app makes it possible to make group payments using Bancontact.
As of April 2017, Belfius Bank customers will be able to make contactless mobile payments in stores. An impressive Belgian scoop, made possible together with Bancontact, the Belgian market leader in mobile payments.
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Marketing & PR Manager Bancontact Company
Lotta de Meulenaere
Tel: +32 2 709 54 53