Bancontact Payconiq Company Information and Data

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Smartphone displaying Bancontact app on laptop during online shopping.
Credit: pexels.com, Smartphone displaying Bancontact app on laptop during online shopping.

Bancontact Payconiq is a Belgian company that offers a mobile payment service, allowing users to make payments with their smartphones.

Bancontact Payconiq is a joint venture between KBC Group and BNP Paribas Fortis, two major Belgian banks.

The company was established in 2018 and is headquartered in Brussels, Belgium.

A fresh viewpoint: Payconiq

Company Overview

Bancontact Payconiq Company is a leading digital payment provider in Europe.

Founded in 2009, the company has been at the forefront of innovation in the payment industry.

Bancontact Payconiq Company operates in Belgium and Luxembourg, offering a wide range of payment solutions to individuals and businesses.

Their services include online and offline payments, as well as card and account payments.

Bancontact Payconiq Company has a strong presence in the market, with over 6 million users and a transaction volume of more than €10 billion annually.

The company's mission is to provide secure, fast, and convenient payment solutions to its customers.

Bancontact Payconiq Company is committed to delivering excellent customer service and support.

Financial Information

Credit: youtube.com, PPRO Podcast with CEO of Bancontact Payconiq Nathalie Vandepeute

Bancontact Payconiq Company offers a range of financial services, including mobile payments, online payments, and point-of-sale transactions.

Their mobile payment solution, Bancontact, allows users to make payments using their mobile phones, and is accepted by over 100,000 merchants across Belgium.

With Bancontact, users can pay in-store, online, or in-app, making it a convenient and widely accepted payment method.

Annual Revenue

Bancontact Payconiq Company's annual revenue is a significant figure. The company's annual revenue was $7.5 million in 2025.

This amount is a substantial part of the company's overall financial picture.

Acquisitions and Partnerships

Bancontact Payconiq has been quite active in terms of acquisitions, having acquired Payconiq on March 27, 2018.

This acquisition was a merger, and the total funding involved was $22.32M, with the valuation of Payconiq being $XXM.

Bancontact Payconiq has also partnered with BICS to deliver multi-factor authentication for the new Payconiq by Bancontact mobile app.

Latest News

Bancontact Payconiq has partnered with BICS to deliver multi-factor authentication for its new mobile app. This partnership aims to provide a smoother and simpler customer experience for users.

Person Holding Credit Card and Payment Terminal
Credit: pexels.com, Person Holding Credit Card and Payment Terminal

The new Payconiq by Bancontact application uses multi-factor authentication to verify customers through an SMS code sent to their mobile. This helps to protect against threats such as account break-ins.

BICS' communications platform and network power this feature by using "short code" numbers rather than full mobile numbers. This makes the process more secure and trustworthy.

Divya Ghai Wakankar, VP Enterprise Market at BICS, highlights the importance of reliable communications for modern enterprises. She emphasizes that BICS is at the forefront of simplifying things for both parties.

The partnership between Bancontact Payconiq and BICS is a great achievement in demonstrating the potential of collaboration in the industry.

Partners and Customers

Bancontact Payconiq has established partnerships with various businesses to expand its services. Bancontact Payconiq recently partnered with BICS on September 9, 2023.

The partnership with BICS is for app authentication. BICS is based in Belgium.

Bancontact Payconiq has also partnered with Fidesmo, a Swedish company, and KBC Group, a Belgian company, both in 2020.

Fidesmo and KBC Group are both strategic partners of Bancontact Payconiq.

Viva Wallet, a Greek company, and myPOS, a United Kingdom-based company, are also partners of Bancontact Payconiq, having partnered in 2019 and 2017 respectively.

Here's a list of Bancontact Payconiq's partners:

Company Codes and Identifiers

Credit: youtube.com, BC Webinar Series - Bancontact by Payconiq: "E-payments for all merchants and consumers needs"

Bancontact Payconiq Company has a unique code, the LEI code, which is used for identification purposes. This code is 20001030000000001.

The company's BIC code is BPCBBEBB, which is used for international transactions. BIC codes are used to identify banks and financial institutions.

Bancontact Payconiq Company is also registered with the Belgian National Bank under the number 0403.

SIC Code Definition

The SIC code is a crucial identifier for businesses, and it's essential to understand what it represents. It stands for Standard Industrial Classification code.

The SIC code is used to classify businesses into specific sectors and industries. For instance, Bancontact Payconiq Company has SIC codes 615 and 61.

A business's SIC code can be found through various sources, including government databases and company registries. However, the specific SIC codes for a company can vary.

Some companies may have multiple SIC codes, as seen with Bancontact Payconiq Company, which has two codes.

Naics Code

The Naics Code is a six-digit code used by businesses in the United States to classify their industry. It's based on the North American Industry Classification System, developed by the US Census Bureau.

Credit: youtube.com, Understanding NAICS Codes | Winning the Contract Game

Each code represents a specific industry or group of industries, with more detailed codes available for smaller niches. For example, the code 541511 represents a speciality trade contractor.

The Naics Code is used for statistical purposes, such as tracking economic trends and gathering data on businesses. It's also used by government agencies to classify businesses for regulatory purposes.

The code is usually assigned by the business itself, but it can also be assigned by the government if the business doesn't have one.

Swift Code BCMCBEBB Explained

SWIFT code BCMCBEBB is required for international money transfers over SWIFT.

You can use the first 8 symbols (BCMCBEBB) for a SWIFT funds transfer, but it's recommended to double check with BANCONTACT PAYCONIQ COMPANY NV/SA.

Most banks rely on their own or centralized reference data (SWIFTref) for SWIFT payments, so you can send payments to BANCONTACT PAYCONIQ COMPANY NV/SA without specifying correspondent banks.

If you want to manually choose a correspondent bank, you can request information about BCMCBEBB correspondent banks or ask the customer service of BANCONTACT PAYCONIQ COMPANY NV/SA.

Frequently Asked Questions

What is the difference between Bancontact and Payconiq?

Bancontact uses your payment card, while Payconiq uses transfers from your bank account. This difference affects how you make payments with each method.

What banks use Bancontact?

Bancontact is supported by 11 major Belgian banks, including Belfius, BNP, and KBC Bank. Check our full list to see if your bank is among them

What is Bancontact payment method?

Bancontact is a popular payment method in Belgium, allowing customers to securely authorize payments online or through a mobile app. It enables seamless transactions with immediate notification of payment success or failure.

Verna Walter

Lead Writer

Verna Walter is a seasoned writer with a passion for finance and business. With a keen eye for detail and a knack for research, she has established herself as a trusted authority on the European financial landscape. Verna's expertise spans a wide range of topics, from the inner workings of the European Central Bank to the intricacies of the Austrian stock market.

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