The company is the Belgian market leader in financial services.

[citation needed] In March 2018 the companies declared their intention to merge with each other.

[citation needed] In August, the company got a capital injection from its five major shareholders from 17 to more than 32 million euros.

[6] Next to the app, the company issues debit cards under the "Bancontact" branding that can be used in physical stores and online.

[7] Bancontact Payconiq is a member of the European Mobile Payment Systems Association.