Fidesmo is expanding in Europe as the company now announces a collaboration with KBC as an innovative bank-insurance company and Bancontact Payconiq Company as the market leader for electronic payments in Belgium. KBC is the first Belgian bank to add Fidesmo Pay to their offering. The collaboration opens up the possibility for Bancontact issuers to offer the wearable payment service Fidesmo Pay to their customers. With Fidesmo Pay, customers will be able to connect their payment cards to a wearable of their choice to make secure and convenient contactless payments.
– We are very happy to launch in Belgium together with Bancontact and with KBC as the first customer. All wearables that connect with Fidesmo are compatible, and our solution features a complete co-badged solution where both a Bancontact and Maestro token is present on the device at the same time, says Mattias Eld, CEO and co-founder Fidesmo.
-Today, wearables are no longer gadgets or temporary fashion items but practical, new payment methods with which you can pay contactless. Bancontact Payconiq Company is permanently innovating and is delighted that contactless payment with Bancontact via a smart bracelet, watch, ring or keychain is becoming a reality. A first for the customers of KBC, CBC and KBC Brussels today, in collaboration with Fidesmo, says Nathalie Vandepeute, CEO Bancontact.
– As an innovative bank-insurance company in Belgium and frontrunner in contactless payments the partnership with Fidesmo and Bancontact makes it possible to offer a dual branded solution to our customers. They are able to pay now with a wearable everywhere they can pay contactless with their debit card, says Ivo De Meersman, General Manager Payments & Cards KBC Belgium.
Wearables that can be used with Fidesmo Pay are provided by several European fashion brands and can be bought either online or in-store. Paying with a wearable guarantees the same security as paying with a physical payment card.
* By KBC we also mean KBC Brussels and CBC.
Fidesmo makes it possible to connect contactless services, such as payment, public transport tickets, office/hotel and car keys, to both passive and active devices. The wearable payment service Fidesmo Pay launched in 2019 together with several fashion brands, providing wearables with payment functionality. The Swedish technology company provides a streamlined integration process for manufacturers to add contactless services to their devices and for contactless service providers to distribute their services without any hardware overhead to many devices. Fidesmo was founded in 2013 and has its headquarters in Stockholm and R&D offices in Madrid. Read more about us at fidesmo.com
About Bancontact Payconiq Company
In 2018, Bancontact Company and Payconiq Belgium joined forces and merged to become Bancontact Payconiq Company. The new company is an initiative by AXA Bank, Belfius, BNP Paribas Fortis, ING and KBC. The Payconiq by Bancontact payment app, combines the best of both worlds. You can use it to make mobile payments in the same places as you could before with Bancontact or Payconiq – i.e. in retail stores and webshops, as well as between friends and even to pay invoices and bills. The app is targeted at all Belgians and operates on both iOS and Android smartphones. It is supported by 20 banks. The Bancontact card remains the reference for electronic payments, with more than 1.43 billion transactions in Belgium in 2019. The app and payment card complement each other perfectly, enabling users to pay wherever they are, in an instant.
As a local provider, Bancontact Payconiq Company offers reliable and tailored payment solutions. The company’s main challenge is to continue developing cashless payment solutions and to make them increasingly “invisible”. It aims to do so in a firmly Belgium-based setting – an essential part of our country’s economic prosperity.
For more information
About Bancontact Payconiq Company: bancontactpayconiq.com
About the Bancontact-card: bancontact.com
About KBC Group
KBC is one of the leading financial groups in Europe. It is a multi-channel bank-insurance group with a geographic focus on Europe, catering mainly to retail clients, SMEs and local midcaps. The group occupies significant, and in many cases leading positions in its core markets of Belgium, Czech Republic, Bulgaria, Hungary, Slovakia and Ireland. The KBC group has also selectively established a presence in a number of other countries and regions around the world.
KBC employs around 41000 staff and caters for more than 12 million clients in its core markets.
KBC Group NV is listed on Euronext Brussels. Read more on http://www.kbc.com
Mattias Eld, CEO and co-founder, Fidesmo