The mobile payment service Payconiq, known in Luxembourg as Digicash, has expanded into Germany and the Netherlands.
Payconiq, the mobile payment service which recently joined forces with Luxembourg-based Digicash, is now also available in Germany and the Netherlands. The service enables online, on-the-go and peer-to-peer payments with a smartphone. After a solid start in Belgium and Luxembourg, with over 45,000 stores enabling mobile payments via the Payconiq application, the next phase of Payconiq’s European expansion is now underway.
In cooperation with the local market leader in payment terminals, CCV, retailers in the Netherlands are being assisted with the integration of Payconiq services into their existing payment systems. In Germany, Payconiq has been launched in Munich with the aim of gradually building a network of consumers and retailers.
Meanwhile in Luxembourg, the number of active Digicash users has increased by 600% in the last 18 months. In addition to large merchants such as Total and Post Telecom, official authorities–notably the police and the Customs and Excise Administration–as well as a number of hospitals also accept payments that are made by scanning a QR code with a mobile phone. In August 2017, Payconiq joined forces with Digicash to enable Digicash users to benefit from the full range of Payconiq services. Shortly after the merger, Payconiq moved its international headquarters to Luxembourg.
Payconiq differentiates itself from other mobile payment services by directly linking consumers’ bank accounts to the mobile payments app. A simple QR code is all that is needed to make payments in (online) stores. The application is available for all mobile devices via the App Store or Google Play.
The mobile payment service aims to further expand the number of payment points across the Netherlands and Germany and intends to cross other European borders in 2018.
