In contrast to its neighbouring countries (e.g. Belgium's Bancontact [fr; nl] and Germany's Girocard), the Netherlands has not operated a national debit card network since 2012.

This led in 1988 to the foundation of BeaNet, which provided a single network for all electronic payments and cash withdrawals in the Netherlands.

Because of increasingly stringent laws and regulations in the areas of competition and transparency, Interpay decided in 2004 to move all its payment systems into a separate company called Currence.

As a consequence, PIN disappeared as a product on 1 January 2012, when the infrastructure for magnetic stripe cards was shut down in the Netherlands.

[1] After a successful advertisement campaign in late 1990, PIN quickly became synonymous with debit card payments in the Netherlands.