Digicash-Payconiq Luxembourg Newsroom
Payconiq International and Servipay launch strategic collaboration
- The two Luxembourg companies collaborate to offer merchants and professionals an innovative payment solution.
- Servipay’s new PAX A920 electronic payment terminal are to display Payconiq QR-codes on their screens.
Payconiq joins forces with Digicash: users now able to pay mobile in Belgium, the Netherlands and Luxembourg
- The Digicash by Payconiq users can now pay in Belgium and the Netherlands; Payconiq users in Belgium and the Netherlands can pay in Luxembourg.
- Digicash by Payconiq and Payconiq users can send money to each other through their apps.
- Luxembourg merchants join the 90,000-merchant strong Payconiq network and can accept payments from Payconiq users all over Benelux.
The latest Digicash by Payconiq apps take the Luxembourg mobile payments sector to the next level, as they become part of the first interoperable mobile payment platform in Europe. Full interoperability between the different countries is another step towards a contactless and cashless society.
The new Digicash by Payconiq apps released in November have evolved their design to further highlight their association with the Payconiq mobile payment platform. In addition, Luxembourg users are now able to scan Payconiq QR-codes at merchants or on invoices in Belgium and the Netherlands. They can also send money to all Payconiq users, regardless of their country of residence.
At the same time, Belgian and Dutch Payconiq users can scan Digicash QR-codes and send money to Luxembourg users.
Digital onboarding and new products for merchants
All current Digicash merchants will benefit from a growing payments platform that guarantees an omni-channel customer experience with optimised costs. With Payconiq, merchants in Luxembourg will get access to:
- Dutch and Belgian Payconiq users, especially the cross-border workers;
- Quick and easy digital onboarding and a modern platform, where they can monitor transactions and download reports;
- New services, such as bulk payments and refunds;
- New products, better suited to their needs, on terminals, vending machines, invoices, digital screens or as top-up.
Merchants in Luxembourg will be able to accept mobile payments from all the Payconiq-supported solutions: Digicash by Payconiq app, Payconiq by Bancontact app, the Payconiq app or the Payconiq functionality available in the mobile banking apps of KBC and ING.
Guido Vermeent, CEO Payconiq International: “Our role is to enable banks, payment service providers and merchants to offer fast, reliable and innovative payment products to their clients anytime, anywhere. The Payconiq payment platform brings together multiple local solutions and value-added services. Users and businesses in Luxembourg can now benefit from the products and services we developed for the other markets, as well as from the international partnerships we have.”
Stijn Van Brussel, COO Payconiq International: “We are proud to welcome our Luxembourg users and customers to the Payconiq ecosystem. A new world of possibilities opens for the market leader in Luxembourg, and thus rewards our 160,000 users and hundreds of local businesses for their loyalty and trust. This is also great news for cross-border Belgian workers who are now able to pay Luxembourg insurance invoices, speeding tickets or everyday purchases with their Payconiq-supported apps.”
Payconiq International is a Luxembourg-based mobile payment fintech active in Luxembourg, the Netherlands and Belgium – the latter through Bancontact Payconiq Company.
Payconiq International works closely with major retail banks, providing them with a strong payment initiation platform based on the Single Euro Payment Area (SEPA) Credit Transfer. A SEPA Credit Transfer is a payment that debits a euro account and credits another euro account in the SEPA zone. Payconiq International benefits from the support of some of Europe’s leading financial institutions, including: ASN Bank, Axa Bank, BCEE, Belfius, BNP Paribas, BIL, ING, KBC, Post Luxembourg, Rabobank, Regio Bank and SNS.
Merchants accepting Payconiq payments can offer their clients a great mobile experience that makes payment straightforward. Perfectly optimised and user-friendly, Payconiq helps reduce the number of abandoned transactions, especially online.
Payconiq is the first European payment solution that allows consumers to pay invoices, online, in-store and other individuals using a smartphone. Since the solution is directly linked to the user’s bank account, no sensitive financial data is stored on the phone or on merchant sites.
For more information visit www.payconiq.com.
 ING-Digicash users will have access to this feature in the near future
Payconiq picks Luxembourg for new headquarters
Payconiq, the mobile payment service for online, on-thego and direct payments, has relocated its headquarters to Luxembourg. The company started in Amsterdam where Payconiq was founded and has thrived under the wings of ING’s innovation hub. Starting today, Payconiq will continue as an independent entity, putting down roots in the ‘payments capital’ of Europe.
Luxembourg will act as Payconiq’s central hub for the countries in which it is active and drive the company’s continued expansion in Europe. Following the relocation, Payconiq is supervised by the Commission de Surveillance du Secteur Financier (“CSSF”), the supervisory authority for the financial sector of the Grand Duchy of Luxemburg.
Along with the move, Payconiq, as sole entity, has received investment from ING, KBC and Belfius as shareholders. In the near future, more international operating banks will participate in the mobile payment service provider.
Duke Prins, Payconiq CEO: “The relocation of our headquarters to the heart of Western Europe is a new step in the development of Payconiq as a European payment service. With a number of powerful international banks as shareholders, we will be able to accelerate our growth throughout Europe.”
Payconiq is already active on the Belgian market and will soon enter the Dutch market. In Luxembourg, the company has joined forces with the Luxembourg fintech startup Digicash Payments, a mobile payments service offered by a number of banks in Luxembourg. Thanks to the cooperation with Digicash, customers will be able to use Payconiq for online, on-thego and direct payments right across the Benelux in 2018.
Payconiq joins forces with Luxembourg-based Digicash
Luxembourg, August 2, 2017 – Payconiq announces today that it will expand its footprint to the Grand-Duchy of Luxembourg by joining forces with Digicash Payments SA, the company behind Luxembourg’s mobile payments product Digicash. Payconiq aims to establish a strong partnership with Luxembourg banks and retailers, in order to capitalize on the substantial efforts made in recent years and to build one of the most advanced mobile payments setups in Europe. Combining forces will bring Payconiq’s international expertise and scale to the Grand-Duchy, further enhancing the consumer experience in online, onthe-go and peer-to-peer payments.
Payconiq, already active in Belgium and expected to soon enter the Dutch market, is supported by ING and KBC in taking this important step. The acquisition of the thriving Luxembourg mobile payments company –the Digicash app is currently used by 25 percent of the local population– takes place under the supervision of the Commission de Surveillance du Secteur Financier (CSSF). In the short-term, Digicash users can continue to rely on the trusted payments service, which is made available in Luxembourg through local partner banks. Payconiq aims to further expand services for consumers and (online) merchants within the first six months of 2018.
Payconiq CEO Duke Prins makes the following statement about the company’s Luxembourg expansion: “The excellent work done by banks and by the entrepreneurs behind Digicash forms another cornerstone of the combined product offer we are building. Our intention is to tightly partner with the national Digicash community of consumers, retailers and banks. Similarity of philosophies, business setups and product architecture highly facilitates our collaboration. This is also a great example of a Benelux-partnership, laying a strong foundation for a European digital future in payments. About Payconiq
IBAN number not required Payconiq facilitates mobile payments for both consumers and retailers by integrating online, on-the-go and peer-to-peer transactions in its all-in-one payments app. Users no longer need to enter long IBAN numbers to settle payments. Online and in-shop payments are executed via QR code or a direct link to the Payconiq app. The app enables straightforward peer-to-peer payments by linking bank accounts to phone numbers. Access to the sender’s contact list allows the app to simply link the beneficiary’s phone number to their banking details.
International activity By adding Luxembourg to Payconiq’s international footprint, making and receiving payments will become a reality throughout the Benelux. In Belgium, the platform is supported by Belfius, ING and KBC/CBC and over 35,000 shops are actively connected to the system. In the Netherlands, where the app is backed by ABN AMRO, ASN Bank, ING, Rabobank, SNS and RegioBank, rollout of the service for consumers and retailers is foreseen in the near future.
Consumer and merchant benefits Payconiq is the first international cross-border payments service that enables consumers to make online, on-the-go and peer-to-peer payments with a smartphone. Retailers equally benefit, as Payconiq’s single, trouble-free method of payment can be used for both online and in-store payments, making transactions more efficient and transparent. In addition, Payconiq’s API facilitates easy integration and offers options such as links to loyalty programs. As payment terminals are not required in order to perform transactions, Payconiq’s merchant rates are very competitive. Consumers can enjoy the Payconiq app completely free of charge. ”
You can download the press kit in order to get more information on Digicash/Payconiq Luxembourg.