Different types of mobile payment

• You can store your credit cards in an app (= short form for application) such as Google Pay or Apple Pay on your smartphone and thus pay contactless with your smartphone, using the app as if you were using your credit card.
• You can also make mobile payments using direct debits. In some apps it is possible to store your own current account. The amounts incurred will then be debited from the account when you buy something using this app.
• You can buy prepaid cards in supermarkets, drug stores and technical stores for various online stores. There is a code on the prepaid cards that you must enter when paying on the website in order to redeem them.

What is Payconiq?

Payconiq is a company founded in Luxembourg that has developed an app for fast and simple mobile payments, which also bear the name “Payconiq“. This app replaces cash with fast and very secure transfers. The following banks in Luxembourg support this means of payment: Spuerkeess, Post, BIL, BNP Paribas, ING and Raiffeisen.

With the Payconiq app, you can:

• Transfer money to other Payconiq users in Luxembourg, Belgium and the Netherlands. All you need is the recipient’s mobile phone number.
• Pay in shops and restaurants that accept Payconiq payments by scanning the QR code on the payment terminal.
• Invoices are now also increasingly provided with a QR code and can be paid with just a few clicks. This also applies to online invoices.
• Send a money request or refund to a known recipient.

How can you install Payconiq?

1. Download your bank’s Payconiq app from the App Store (for iPhones) or Google Play (for all other devices) on your mobile phone. App Store and Google Play are apps that are pre-installed on your mobile phone to download or purchase other applications. Open the app, enter Payconiq in the search box and download your bank’s app.
2. Open the Payconiq app and log in with your mobile phone number.
3. Connect the Payconiq app to your bank account by activating Payconiq on your online banking platform. The exact steps for setting up the Payconiq app may vary from bank to bank and can be viewed on the website of the respective bank. Alternatively, you can also find out more on the Payconiq website.
4. After a few clicks, the setup is complete and you can use the Payconiq app.
5. Regardless of whether you want to send money to a friend using their mobile phone number, pay an invoice or pay in a store by scanning a QR code, you will always receive a confirmation message, which will allow you to immediately see whether the transaction was successful.