Retailer SPAR has announced plans to launch a mobile payment service for its customers in the Netherlands through the Payconiq mobile payment solution.

Customers can now make payments from their purchases at SPAR by installing Payconiq app on their smartphones.

In order to make the payment, customers have to scan a QR code at the checkout using the app.

Payments authenticate seamlessly through the use of a pincode or fingerprint recognition technology.

The technology to support the display of QR codes at the checkout has been provided by checkout system supplier Centric.

“SPAR is the first food retailer in the country to offer shoppers the opportunity to use Payconiq payment services, a technology that works on all types of phones and which is compatible with all local banks,” the retailer said in a statement.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

SPAR Netherlands currently operates more than 260 stores in the country.

The Payconiq app, conceived by ING in 2014, enables consumers and merchants to send and receive direct payments online, in-store and peer-to-peer. The payment is directly debited from the bank account of the user.

In 2017, ING along with five other Dutch banks– ABN Amro, ASN Bank, Rabobank, Regiobank and SNS – teamed up to launch the Payconiq app in the Netherlands.

In January 2018, ABN Amro pulled out of the coalition. The withdrawal came days before the app started trial in the country.