Bancontact WIP
Bancontact Wallet Initiated Payments (WIP) allows recurrent transactions with Bancontact Cards, enabling one-click payments and subscription models with a seamless user experience.
Want to integrate Bancontact WIP onto your platform?
Get in touchBancontact
Founded in 1989, and now a brand from the Bancontact Payconiq Company, Bancontact makes it possible to pay directly through the online payment systems of all major Belgian banks for customers with Bancontact payment cards. Bancontact is the Belgian market leader in electronic payment services, with 24 banks issuing Bancontact cards including: Argenta, Attijariwafa Bank, AXA, BNP Paribas Fortis, Banque van Breda, Belfius Bank, Beobank, bpost Bank, CBC, Chaabi Bank, CPH, Crelan, Deutsche Bank, europabank, ING, KBC, Keytrade Bank, Nagelmackers and vdk Bank. At checkout, the consumer enters their card details or scans the QR code, then authorises payment.
Want to integrate Bancontact onto your platform?
Get in touchWhy Bancontact WIP
In Belgium, Bancontact accounts for over 94% of all debit cards in circulation (Cards International).
The strongest payment brand in Belgium, Bancontact surpassed other established payment brands in terms of image and familiarity (iVox).
Bancontact reported in February 2023 that over a ten-year period, payments with Bancontact and Payconiq have increased from 1 billion to 2.3 billion.
Specifications
Coverage
Currencies
Features
How it works
At online checkout, the consumer chooses Bancontact as the preferred payment method
The consumer chooses to pay by QRC using the Bancontact app, or by entering their Bancontact account card number
When the consumer scans a QRC, then payment is confirmed in the Bancontact app
When the consumer enters the account number, they are redirected to their issuing bank for 3DS authentication
The merchant receives confirmation of payment
Want to integrate Bancontact WIP onto your platform?
Get in touchWhy Bancontact
In Belgium, Bancontact accounts for over 94% of all debit cards in circulation (Cards International).
The strongest payment brand in Belgium, Bancontact surpassed other established payment brands in terms of image and familiarity (iVox).
Bancontact reported in February 2023 that over a ten-year period, payments with Bancontact and Payconiq have increased from 1 billion to 2.3 billion.
Specifications
Coverage
Currencies
Features
Payment flow
At checkout, the consumer chooses Bancontact as their preferred payment method
The consumer scans the QR code
Using the Payconiq by Bancontact app
The consumer reviews the order details then selects their preferred Bancontact card. At this step, the merchant can prompt the consumer to store their card details for future, recurring payments.
They authorize the payment
The payment is confirmed
The merchant receives confirmation of payment
At checkout, the consumer chooses Bancontact as their preferred payment method
The consumer reviews the order details: merchant name, order number and amount. Then enters their Bancontact card details, such as card number and expiry date. This page can be translated into 4 different languages. At this step, the merchant can prompt the consumer to store their card details for future, recurring payments.
The consumer might be required to perform a 3DS authentication by their issuing bank
The merchant receives confirmation of payment.