The latest figures from Bancontact Payconiq Company tell us that the smartphone has now well and truly established itself as a convenient payment method. In August, Belgians made some 11.5 million mobile payments using the Payconiq by Bancontact app or a banking app incorporating the Bancontact or Payconiq mobile payment solution. That’s more than twice as many as in August last year, when there were 5.6 million mobile payments. And, e-commerce too benefits from the rising success of mobile payment: more and more people use their smartphone to pay online instead of their card. This is illustrated by the fact that in August, we used Bancontact or Payconiq on our mobile phone to pay for 65% of all online purchases we made.
870,000 new downloads
The Payconiq by Bancontact app is setting new records in these corona times. In the period from March to August this year, the payment app was downloaded more than 870,000 times. The fact that extra services have since been added to the app, such as registering loyalty cards and viewing meal voucher balances, has certainly also played a role in this increase.
And last month, an estimated 3.85 million Belgians paid with the Payconiq by Bancontact mobile app or a banking app incorporating the Bancontact or Payconiq mobile payment solution.