KBC customers were already the first in Belgium to be able to make contactless debit card payments (launched in 2015). Today, almost 85% of the debit cards are contactless cards. All of the latest credit and prepaid cards are also contactless ready as standard. Over 90% of payment terminals in Belgium are equipped with the required contactless payment technology (see logo hereby).
KBC is seeing a steady growth in the number of contactless payments made in Belgium, which quadrupled between September 2017 and September 2018.
Contactless 2.0. and using wearables
KBC is running this trial in association with Mastercard. KBC’s customers will be able to make fully secure wearable payments anywhere they see the Maestro sign. All they have to do is hold their wearable close to contactless payment terminals to make PINless payments of up to 25 euros. They’ll still need to enter their PIN for larger amounts, just like with contactless card payments.
If testers lose their wearable or it’s stolen, they can block it using the app they’ll be given as part of the trial or by having the linked payment card blocked by Card Stop.
Karin Van Hoecke, KBC’s general manager for digital transformation: ‘We aim to fully respond to our customers’ demand for user-friendly services, including their everyday payments. Contactless payments are no longer limited to payment cards and smartphones. Our recent launch of Garmin Pay on 23 October focused on customers who lead an active life. This trial is all about personal banking. Contactless payments by wearable is an innovative way to pay that we’d like to explore with our customers. How do they experience it? How do they feel about being able to pay for smaller purchases in shops or lunch in a restaurant with their ring, bracelet or key ring? We can’t wait for their feedback! We see wearables as another way to pay, rather than a replacement for other existing payment methods. Our customers will ultimately decide which method they prefer from the broad and most user-friendly choice we want to give them.’
KBC customers who would like to take part in the trial can sign up here (page only in Dutch).
How it works
- KBC customers have until 18 November to sign up.
- The 1 000 testers can pick up and activate their wearable at one of the events we’re organising in December in Ghent, Antwerp and Leuven.
- Wearables that customers receive at these events will be linked to their debit card and they’ll be asked to do an initial test transaction to check if the wearable works properly.
- Participating customers will be kept informed about the trial’s progress and occasionally asked for feedback, which we’ll pass on to all participants using special trial progress newsletters.