Established in 2014 with the support of major Benelux banks, Payconiq’s goal was to create an real-time account-to-account payment solution payment solutions across the entire omnichannel.

In Belgium, Payconiq (known as Payconiq by Bancontact) has witnessed remarkable growth. In 2022 alone, over 264 million online payments were facilitated through Bancontact and Payconiq, a substantial increase from the nearly 71 million transactions recorded in 2018. Meanwhile, in Luxembourg an astounding 91% of the residents are already familiar with Payconiq. This speaks volumes about the widespread recognition and acceptance of the payment method among the local population.

By offering Payconiq as a payment option, international merchants are able to tap into a large and growing user base. Besides that, merchants benefit from an immediate payment confirmation and no risk of chargebacks.