Bancontact switches on contactless mobile payments
25 October 2017 | 4742 views | 2
Belgian payment scheme Bancontact has rolled out contactless smartphone payments to the general public.
Supported by 20 banks across Belgium, the Bancontact app currently processes one million payments a month on behalf of users.
The contactless functionality has been enabled for Android phone users only and enables payments without a PIN for sums below EUR25 with just a tap at the terminal.
"The smartphone is steadily becoming a genuine extension of our wallets," says Boncontact CEO Kim Van Esbroeck. "Every cardholder can benefit from this technology, regardless of who they bank with or which bankcard they have."