Bancontact Payconiq Company Explained

Bancontact Payconiq Company
Industry:Financial services
Predecessors:Bancontact Company, Payconiq Belgium
Foundation:2018
Location:Brussels, Belgium
Key People:Nathalie Vandepeute (CEO)
Products:Mobile applications

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.

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.

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".[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.

External links

Notes and References

  1. News: The Brussels Times - Bancontact and Payconiq Belgium to merge . 2019-02-03 . en-gb.
  2. Web site: Payconiq to merge with Bancontact in Belgium. 2018-03-27. Finextra Research. en. 2019-02-03.
  3. Web site: Belgian payment firms Payconiq and Bancontact to merge operations. Electronic Payments International. en-US. 2019-02-03. 2019-03-28. https://web.archive.org/web/20190328215419/https://www.verdict.co.uk/electronic-payments-international/news/belgian-payment-firms-payconiq-bancontact-merge-operations/. dead.
  4. Web site: Bancontact tankt 15 miljoen euro extra kapitaal bij. 2018-08-03. De Tijd. nl. 2019-02-03.
  5. Web site: Bancontact en Payconiq samen in één app. 2019-01-23. De Tijd. nl. 2019-02-03.
  6. Web site: Belgium's Payconiq by Bancontact app launches. 2019-01-23. Finextra Research. en. 2019-02-03.
  7. Web site: Bancontact en Payconiq fuseren tot nieuwe betaalreus. Tanghe. Nico. De Standaard. 27 March 2018 . nl-BE. 2019-02-03.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Bancontact Payconiq Company".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.