Payconiq by Bancontact
Country: Belgium (BE) | Payment Rail: closed_loop_wallet
DigitalWallet
Market Adoption: 15%
Payconiq is a leading mobile digital wallet in Belgium, featuring seamless QR code scanning and direct bank account linking and widely used for in-store retail, online payments, and peer-to-peer transfers.
🔄 User Payment Flow
- Customer selects Payconiq by Bancontact at checkout or in-store POS
- Merchant generates dynamic QR code with exact amount and transaction ID
- Customer scans QR code using Payconiq by Bancontact app or mobile banking app
- Customer confirms payment with biometric ID (Face ID / fingerprint) or 4-digit PIN
- Payment settles instantly from linked bank account and confirmation appears immediately
⚙️ Characteristics & Settlement
| Instant Payment | YES |
| Supports QR | YES |
| Supports Recurring | NO |
| Supports Refund | YES |
🛠️ Merchant Integration Steps
- Merchant initiates transaction via Payconiq Merchant API or integrated PSP
- System renders Payconiq QR code or triggers app-to-app deep link on mobile
- Merchant receives instant webhook notification upon customer authorization
🚀 Supported Payment Gateways & Acquirers (PSPs)
🔌 Stripe🔌 Adyen