Bancontact switches on contactless mobile payments

Supported by 20 banks across Belgium, the Bancontact app currently processes one million payments a month on behalf of users.

The contactless functionality has been enabled for Android phone users only and enables payments without a PIN for sums below EUR25 with just a tap at the terminal.

“The smartphone is steadily becoming a genuine extension of our wallets,” says Boncontact CEO Kim Van Esbroeck. “Every cardholder can benefit from this technology, regardless of who they bank with or which bankcard they have.”

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