Bancontact switches on contactless mobile payments

Bancontact switches on contactless mobile payments

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."

Comments: (2)

A Finextra member
A Finextra member 25 October, 2017, 14:17Be the first to give this comment the thumbs up 0 likes I guess they can cover iOS too, as an "issuer". But then what's the big news?
Alfredo Prieto
Alfredo Prieto - Bancontact - Brussels 26 October, 2017, 10:00Be the first to give this comment the thumbs up 0 likes

This launch is great for the Belgium market and will offer more flexibility to Bancontact card holders (app holders!), happy to cover iOS however Apple shields the NFC chip from all of its devices

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