26 February 2018
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Bancontact switches on contactless mobile payments

25 October 2017  |  4742 views  |  2 iphone apps on screen

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, 14:17 I guess they can cover iOS too, as an "issuer". But then what's the big news?
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Alfredo Prieto
Alfredo Prieto - Bancontact - Brussels | 26 October, 2017, 10:00

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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