Payconiq is a mobile payment service that has become quite popular in Luxembourg. Originally from Belgium, Payconiq saw the potential in Luxembourg’s growing digital payment scene and partnered with several local banks to make payments easier for everyone. Instead of carrying cash or cards, you can just use your smartphone to pay in shops, online, or even split bills with friends. It’s directly linked to your bank account, and is connected to your mobile phone number which makes it super straightforward for anyone who already has a local bank.

• What is offered? A mobile payment app that lets you pay in stores, online, and send money to friends by linking directly to your bank account.
• What is the advantage? No need for extra accounts or credit cards; it’s integrated with major Luxembourg banks, making it very convenient for everyday use.
• What does it cost? The app is free for users. Merchants pay low transaction fees, which might be lower than traditional card processing fees.

This makes Payconiq an easy choice if you’re looking for a quick and local way to handle everyday payments without extra hassle.