October 28, 2020

Kup

News Updates Everyday

Never before have so many cell phone payments been made

Never before have so many cell phone payments been made

Bancontact Payconiq recorded a record 11.5 million mobile payments in our country last month. That is twice as much as last August, writes Het Laatste Nieuws on Tuesday.

The increase is mainly due to the success of e-commerce. “65 percent of online payments are processed mobile,” says Lotta de Meulenaere from Bancontact Payconiq.

Many users discovered the payment app during the Corona crisis. “From March to August, the app was downloaded more than 870,000 times. In the past month, an estimated 3.85 million Belgians paid through our app and the banking apps that added our service. “

The number of cash payments has now fallen by around 15 to 20 percent, confirms the National Bank. There are also fewer collections on the machine. Nevertheless, the number of cash payments in Belgium is still well over 50 percent. The proportion is falling, but only by a few percentage points per year.