Bancontact Payconiq Company
 | |
| Industry | Financial services |
|---|---|
| Predecessors | Bancontact Company, Payconiq Belgium |
| Founded | 2018 |
| Headquarters | Brussels, Belgium |
Key people | Nathalie Vandeput (CEO) |
| Products | Mobile applications |
| Website | bancontactpayconiq |
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.[citation needed]
History
In March 2018 the companies declared their intention to merge with each other.[1][2][3] The merger was finalized in July. Nathalie Vandeput 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".[3][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.[citation needed]
References
- ^ News, TBT. "The Brussels Times - Bancontact and Payconiq Belgium to merge". Retrieved 2019-02-03.
{{cite news}}:|last=has generic name (help) - ^ "Payconiq to merge with Bancontact in Belgium". Finextra Research. 2018-03-27. Retrieved 2019-02-03.
- ^ a b "Belgian payment firms Payconiq and Bancontact to merge operations". Electronic Payments International. Retrieved 2019-02-03.
- ^ "Bancontact tankt 15 miljoen euro extra kapitaal bij". De Tijd (in Dutch). 2018-08-03. Retrieved 2019-02-03.
- ^ "Bancontact en Payconiq samen in één app". De Tijd (in Dutch). 2019-01-23. Retrieved 2019-02-03.
- ^ "Belgium's Payconiq by Bancontact app launches". Finextra Research. 2019-01-23. Retrieved 2019-02-03.
- ^ Tanghe, Nico. "Bancontact en Payconiq fuseren tot nieuwe betaalreus". De Standaard (in Flemish). Retrieved 2019-02-03.