Founded in 1989, and now a brand from the Bancontact Payconiq Company, Bancontact makes it possible to pay directly through the online payment systems of all major Belgian banks for customers with Bancontact payment cards.

Bancontact is the Belgian market leader in electronic payment services, with 24 banks issuing Bancontact cards including: Argenta, Attijariwafa Bank, AXA, BNP Paribas Fortis, Banque van Breda, Belfius Bank, Beobank, bpost Bank, CBC, Chaabi Bank, CPH, Crelan, Deutsche Bank, europabank, ING, KBC, Keytrade Bank, Nagelmackers and vdk Bank.

At checkout, the consumer enters their card details or scans the QR code, then authorises payment.

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Availability Available with PPRO
Type Local payment card, QR code
Company behind LPM Bancontact payconiq
Market share details 220+ million online transactions made with Bancontact in 2021
Market relevance High

Why Bancontact

Bancontact accounts for over 94% of all debit cards in circulation (Cards International).
The strongest payment brand in Belgium, Bancontact surpassed other established payment brands in terms of image and familiarity (iVox).
Bancontact cites a 10% year-on-year rise in payments, with 224,247,329 online transactions made in 2020.

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