PPRO Group have become a direct acquirer for Bancontact, the leading Belgian electronic payment scheme. The relationship will provide merchant aggregators worldwide with an efficient method to allow their merchants accepting payments from a potential 15 million Bancontact card users, across online and mobile platforms, thus boosting cross-border sales out of Belgium.
PPRO Group’s Bancontact offer will be one of the most comprehensive in the market, covering acquiring, processing and funds collection, all out of one hand. Therefore, customers will reap the benefits of faster boarding, faster transactions and money collection, faster refunds and – most importantly – improved conversion rates. PPRO Group will now be able to take full end-to-end management over Bancontact payments, minimising the cost per transaction and offering better support and higher security.
“For our customers, this means that their integration with us is now the best way of offering Bancontact, short of becoming an acquirer themselves. This will allow their merchants to take full advantage of the lucrative Belgian market by allowing consumers to pay with their preferred payment method – something we all understand as being key to successful international e-commerce. PPRO Group is now in a unique position being the only company acquiring both Bancontact and iDEAL,” said Ralf Ohlhausen, Business Development Director of the PPRO Group.
“Partnering with PPRO Group provides our 15 million Bancontact customers with the peace of mind that comes with secure and easy online payments while enjoying the greater variety of products from potentially millions of additional merchants worldwide already connected to PPRO’s e-commerce platform.” says Kim van Esbroeck, CEO at Bancontact Company.