Integration with Local Payment Systems: Services like Bancontact and Payconiq by Bancontact facilitate seamless Pay by Bank transactions, connecting with over 20 Belgian banks and supporting both online and in-store payments.

Consumer Preference for Digital Payments: A significant shift towards digital payments is evident, with 83% of Belgians preferring digital payments over cash. This trend is further supported by the fact that only 13% of Belgians still prefer to pay cash, indicating a strong inclination towards digital payment methods.

Enhanced Security and Convenience: Pay by Bank transactions offer robust security features, reducing fraud risks associated with card payments. Additionally, the convenience of using familiar banking interfaces for payments enhances user experience and trust.