Bancontact
Belgium's dominant electronic payment scheme, processing over 2.5 billion transactions annually. Founded in 1979 as the Bancontact network, the company merged with Payconiq Belgium in 2018 to form Bancontact Payconiq Company. Enables debit card payments, mobile QR code payments via the Payconiq by Bancontact app (2M+ users), contactless NFC, and online payments. Accepted at 94% of Belgian debit card terminals. Part of the European Payments Initiative (EPI) via its Payconiq International subsidiary, transitioning to Wero in 2026.
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Belgian Payments
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