Bancontact Company and Payconiq Belgium announce their intention to merge

In the summer of 2018, Bancontact Company and Payconiq Belgium will join forces in one single company 'Bancontact Payconiq Belgium'. Shareholders made the announcement on Tuesday, March 27, 2018.

The merger will bring together the complementary expertise and innovation capabilities of Bancontact Company and Payconiq Belgium under one roof, so as to take full advantage of the fast-growing demand for safe, high-performance and user-friendly payment solutions. 

The new Belgian company will offer innovative products for both domestic and European payments, including a unified payment app: ‘Payconiq by Bancontact’. In the meantime, the two existing payment apps (Bancontact app and Payconiq app) will remain available. The trusted Bancontact card will continue to exist, under the same name, for use both with online purchases and in bricks-and-mortar shops.

Read the full press release.