Press Release: Annual Figures 2024 for Bancontact Payconiq Company
Figures
Press Release
Brussels, 12th February 2025 – Over the past years, Bancontact Payconiq Company has created and maintained a sustainable ecosystem that governs the way digital payment traffic is handled between banks, merchants and consumers in Belgium in a manner that is safe, secure, user-friendly and inclusive.
More than ever, Belgians have total trust in Bancontact Payconiq Company’s payment solutions – especially with the unique complementarity of Bancontact and Payconiq. This fact is demonstrated once again from the latest annual figures. In 2024, the company recorded 2.5 billion payments made with
Bancontact and Payconiq. That was a 4.5% increase overall compared with the previous year. Belgians are using their smartphone more and more to make payments between friends, in shops and online, with the total number of mobile payments rising 28% compared to 2023.
INNOVATIVE LEADERSHIP AT THE SERVICE OF MERCHANTS AND CONSUMERS
Bancontact Payconiq Company is proud to lead the way in the transition to digital payment traffic in Belgium since many years. The company's ambition is to deepen that role in the coming years by continuing to invest in payment solutions which meet the needs of Belgian merchants and consumers.
The Payconiq by Bancontact app is very popular among Belgians and will continue to evolve in the coming years. In June, the company will launch a renewed version of the app, with an improved user experience that should make digital payments even easier for everyone.
The company is able to claim a unique position of trust and a solid establishment in the economic fabric of Belgium and this can be seen, once again, in its annual figures. The growth achieved is the result of the company’s ability to innovate, coupled with years of expertise gained in the area of digital payments in our country.
Nathalie Vandepeute, CEO Bancontact Payconiq Company: “The expertise that we have in-house is the result of our strong connection with the needs in the market. I do not believe in blindly developing solutions that are designed in an ivory tower, somewhere far from the market itself. Only by fully understanding the specific needs of the Belgian merchants and consumers – not just the digital natives, but people of all ages - and translating them seamlessly into user-friendly payment solutions with high added value, can you convince consumers and merchants to make the switch to digital payments. It’s their money, after all. So, they need to have confidence. And you need to gain their confidence.”