Payconiq International (PQI) today announces its acquisition by the European Payments Initiative (EPI). The acquisition is another important step forward for Payconiq International to shape the future of payments in Europe. EPI simultaneously announced the acquisition of iDEAL. Joining forces creates a unique combination of knowledge, experience and capacity to launch an innovative European payment solution.
Millions of payments are already made every day in the Benelux using the payment solution of Payconiq International. In the Netherlands, Payconiq International successfully shifted its focus to a top tier payment solution provider and processor. It thus became the payment processing platform behind iDEAL, with millions of daily transactions. In Belgium, Payconiq International is one of the technical service providers behind the popular “Payconiq by Bancontact” app, owned by Bancontact Payconiq Company, and made a name for itself in Luxembourg becoming the most popular payment solution in the country. In short, Payconiq International has in recent years put itself on the map for its cross-border payments in the Benelux.
From now on, EPI, iDEAL and Payconiq International can jointly build the next level, an innovative payment solution based on a new and unified payment platform for Europe.
Guido Vermeent, CEO of Payconiq International: “For Payconiq, this is an important step as it brings us even closer to our goal; to contribute to an innovative payment solution for consumers and businesses across Europe. This transition is a testament to the hard work of the Payconiq team and the continued support of our dedicated shareholders over the past few years and the success of our advanced payment technology and capabilities. We look forward to working with the EPI team.”
New shareholders for EPI
EPI’s current shareholders showed their determination over the past two years by pooling their expertise. Thus, they jointly built the solution to ensure Europe’s payment sovereignty. EPI now welcomes four new shareholders: Belgium’s Belfius and Germany’s DZ Bank, which joined in late 2022; ABN Amro and Rabobank, two major Dutch banks, join today as Dutch shareholders alongside ING.
Built for Europe by leaders in the European payments industry
EPI uses direct account-to-account payment that is widely available in Europe. European banks and payment service providers can have a greater impact together thanks to EPI, leading to more added value for both users and business owners and increased efficiency through direct and immediate payments between bank accounts.
A logical step forward for Payconiq International
Over the last few years, every step initiated by Payconiq International was directed towards one clear strategic direction: to expand its scalable and easy-to-connect payment platform across Europe. A platform which provides a seamless customer journey focusing on the best user experience, through a frictionless payment flow which empowers value-added services.
An all-in-one solution for digital wallets
The EPI offering will be an all-in-one solution for account-to-account digital wallets and payment methods based on direct payments, under one unified brand across Europe. The company’s rollout plan is ambitious and assumes a comprehensive range of products.
The launch of the digital wallet with P2P payment functionality is planned for the end of the year and will initially be rolled out in three countries: Belgium, France and Germany. Together, these three regions represent more than half of non-cash payments in the euro area. Expansion to other European countries will follow.
About Payconiq International
Payconiq International is the first European payment company to offer proven, scalable and real-time payment solutions across the entire omnichannel experience. Since 2014, we’ve assisted banks, merchants and payment solution providers to modernise their infrastructure, increase their transactions volume and propose value-added services to their clients. With the latest account-to-account payment technologies, we enable them to optimise their customer journey for a frictionless payment flow in an industry where user experience is the differentiator. For more information on how we develop and shape the future of payments visit: www.payconiq.com
Barbara Willems – [email protected]