Bancontact joins forces with Viva Wallet: now available in 17 European countries

11 septembrie 2019

Viva Wallet, known as the first European cloud-based digital payments provider based on Microsoft Azure, now offers acquiring services for Bancontact Payconiq Company, the Belgium-based innovator and company behind the well-known Bancontact payment scheme.

„Bancontact card holders will now be able to pay at over 100,000 merchant locations serviced by Viva Wallet across Europe.”, according to the press release.

“We are happy to enter into this partnership and provide Belgian consumers the opportunity to pay with their Bancontact cards either online or at the physical retail with a peace of mind and unparalleled convenience. Viva Wallet allows our merchants to accept 25 payment methods and we are excited to have Bancontact amongst them.” – explains Viva Wallet’s Belgium Country Manager, Dimitris Papaioannou.

Wherever Bancontact customers are in Europe, they can make use of their Bancontact debit card in any shop or retailer that uses a Viva Wallet card machine to accept payments. Currently, Viva Wallet is active in 17 major European countries.

Nathalie Vandepeute, CEO of Bancontact Payconiq Company, emphasises: “My team and I are very pleased about the new working relationship with Viva Wallet, which is a significant European player, providing payment terminals in 17 countries across Europe. Working with Viva Wallet will increase the number of points of sales able to offer electronic payment to their customers. This is excellent news both for businesses and for customers, who are wanting more and more to use their Bancontact card to pay for purchases wherever they happen to be – whether in the traditional way or contactless.”

Viva Wallet it’s the first European payment services provider entirely cloud-based, over Microsoft Azure. Viva Wallet is a Principal Member of Visa and MasterCard for acquiring and issuing services with direct connectivity to the card schemes providing processing services through their own platform.

It offers businesses of all sizes an opportunity to accept 25 payment methods with its innovative multi-feature Smart Android card terminals, provides card processing through its own cloud-based infrastructure, Card-Present and Card-Not-Present acquiring services, merchants accounts and debit card issuing.

Viva Wallet is an authorised electronic money issuer for all countries in the European Payments Area (EEA-31).

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Jan Schildbach – Analyst Deutsche Bank

„Though Libra has met with fierce resistance from central banks and supervisory authorities and might never see the light of day, in many other cases tech firms (both start-ups and established big players) have successfully captured bits and pieces of universal banks’ traditional value chain. This trend may only intensify in the coming years. In this environment, European banks remain squeezed.”

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?