26 September 2017
Find out more

Bank-backed QR code-based mobile payments app launches in Belgium

08 December 2014  |  14101 views  |  3 Woman texting using smartphone

A QR code-based mobile wallet that can be used for in-store, in-app, online and P2P payments has launched in Belgium with the backing of the country's major banks.

The iOS and Android Sixdots app is a joint venture between banks - including BNP Paribas Fortis, KBC and ING - telco Proximus and payments outfit Bancontact/Mister Cash.

Customers who download the app, pick their bank and add a Bancontact card before creating a six-digit code. To make instore, P2P and online payments, users then enter this code and scan a QR squiggle.

The partners say that, thanks to the six-digit code, and because no data is stored on the phone, security is guaranteed. Card details are no longer stored in the seller’s database when making online or in-app payments.

The service can be used at merchants that have activated the Bancontact/Mister Cash mobile service but plans to integrate with MasterCard's MasterPass have been postponed to "guarantee that the next steps are successful".

Meanwhile, over the next year new features will be added, letting users add multiple cards, including credit and loyalty cards, as well as coupons. People will also be able to use Sixdots as a secure proof of identity and even link their accounts to their banking apps.

Comments: (3)

Iain Montgomery
Iain Montgomery - Market Gravity - New York | 08 December, 2014, 21:44

Sounds secure but does nothing to enhance the POS customer experience.

1 thumb up! 1 thumb up! (Log in to thumb up)
Sander Huysmans
Sander Huysmans - ING - Brussels | 09 December, 2014, 15:19

Hi Iain, do you happen to have a best practice on POS customer experience then?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Iain Montgomery
Iain Montgomery - Market Gravity - New York | 10 December, 2014, 01:20

Making a payment should be seamless, swift and easy every time. Scanning a QR code is fiddly and often frustrated users. Hence Apple Pay being quick from NFC is good as it's more secure and just as easy as swiping a card. 

Check out BPay from Barclaycard too - they've put that in place at Southampton Football Club. It's a good niche example.

1 thumb up! 1 thumb up! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BNP Paribas Fortis and SIX Payment Services target Belgian merchants

BNP Paribas Fortis and SIX Payment Services target Belgian merchants

18 September 2014  |  7192 views  |  1 comments | 3 tweets | 4 linkedin
Bendigo Bank unveils QR code-based mobile payments service

Bendigo Bank unveils QR code-based mobile payments service

12 June 2014  |  6711 views  |  1 comments | 6 tweets | 8 linkedin
PayPal turns to QR codes for latest assault on in-store payments

PayPal turns to QR codes for latest assault on in-store payments

08 October 2013  |  11912 views  |  0 comments | 11 tweets | 13 linkedin
BNP Paribas Fortis and Belgacom prep Belgian mobile wallet

BNP Paribas Fortis and Belgacom prep Belgian mobile wallet

20 March 2013  |  7996 views  |  1 comments | 10 tweets | 7 linkedin
Belgian firm launches QR code-based P2P payments app

Belgian firm launches QR code-based P2P payments app

21 February 2013  |  10639 views  |  0 comments | 22 tweets | 5 linkedin

Related company news

 

Related company information

BNP Paribas Fortis

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comdownload the paper now

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
12043 views comments | 16 tweets | 30 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8784 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7493 views 2 | 10 tweets | 1 linkedin
German central bank flags DLT weaknessesGerman central bank flags DLT weaknesses
7212 views comments | 17 tweets | 18 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job