Bancontact is the most popular bank card and online payment method in Belgium, with 15 million cards in circulation in the country. Every Belgian bank account holder is eligible for a Bancontact card. The card is linked to their frequently used bank account and is accepted by more than 85% of Belgian retail and online stores. Bancontact is a debit card payment method. According to statistics, there are five times more debit card holders than credit card holders in Belgium.
Expanding into New Global Markets
Different countries exhibit distinct payment method preferences. Offer the required payment methods for local consumers.
Increasing Conversion Rates
Due to the utilization of local processing connections, local payment methods are favored to a greater extent within issuing institutions.
To achieve widespread global payment usage, it is recommended to adopt integrated integration to ensure the collaborative linkage of payment providers and acquiring institutions.