By adding Luxembourg to Payconiq’s international footprint, making and receiving payments will become a reality throughout the Benelux. "This is a great example of a Benelux-partnership, laying a strong foundation for a European digital future in payments,” believes Duke Prins, CEO of Payconiq.

Payconiq, already active in Belgium and expected to soon enter the Dutch market, is supported by ING and KBC in taking this important step. Established in 2014, 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.

Over 25,000 shops are actively connected to the system in Belgium. Furthermore, Payconiq will soon be integrated in the Citie platform, enabling users to benefit from discounts, advantages, points or coins granted under loyalty programmes by partner shopkeepers. Moreover, the startup is already linked to Joyn, the Brussels-based startup that offers a handy digital loyalty card for local merchants.

Combining forces with the thriving Luxembourg mobile payments company Digicash, the app that is currently used by 25% of the local population, will bring Payconiq’s international expertise and scale to the Grand Duchy. 

Picture: ING.be / Payconiq

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." 

He believes that similarity of philosophies, business setups and product architecture highly facilitates this collaboration. "This is also a great example of a Benelux partnership, laying a strong foundation for a European digital future in payments.”