Paying online with a smartphone already more
popular than with a bank card

publish date
18 February 2020

After just one year, we are already using the Payconiq by Bancontact app to make more payments online than with our bank cards. As the app celebrates its first birthday, more than 50% of all online payments with Bancontact or Payconiq are now made using a smartphone. The app has also been given some handy new features. For instance, if you have paid the bill for the whole table at a restaurant, you can now send out a payment request remotely to the others to make sure they pay you back their share quickly and easily.

In January 2019, Bancontact Payconiq Company released the joint payment app – Payconiq by Bancontact – combining the benefits of the former individual Bancontact and Payconiq apps. “The best of both worlds,” was the phrase doing the rounds at the time. Now, on its first birthday, the Payconiq by Bancontact app has some great results to talk about. Over the past year, 65 million payments were made with the app. This is twice as many as in 2018. 

“The figures show that mobile payments are here to stay in Belgium,” says Nathalie Vandepeute, CEO of the unified Bancontact Payconiq Company. “In 2019, more than 50% of all online payments made with Bancontact or Payconiq were via a smartphone. Mobile payments are no longer ‘the future’, but the present.” 

Read the full press release here

View the infographic here