Elavon has signed a merchant acquirer and processor license agreement with Bancontact Company, the domestic payment scheme in Belgium with over 18 million Bancontact cards in circulation. Elavon, one of Europe’s largest merchant acquirers, will now offer merchants throughout Belgium direct acquiring services for Bancontact transactions, in addition to continuing to support international card scheme transactions.
Elavon will begin supporting Bancontact card-present transactions from January 2026, followed soon after by card-not-present transactions, including both Ecommerce and Mcommerce transactions. Thanks to the agreement between the two companies, Elavon will be able to serve businesses and consumers with a broader choice of payment options in Belgium.
Hemlata Narasimhan, President, Elavon, says, “Enabling businesses to take fast, simple payments to meet the needs of their customers – and, ultimately, get paid themselves in an efficient manner – is critical to their growth. We are delighted that, as a result of this agreement, Bancontact Company will benefit from our resilient pan-EU platform, customer service and core payment capabilities. This will help our customers offer their customers a comprehensive suite of payment options in Belgium.”
Nathalie Vandepeute, CEO, Bancontact Company says, “Signing this agreement with Elavon marks a significant step in our ongoing commitment to enhancing the payment experience for both businesses and consumers in our Belgian market and beyond. By extending our partners network with a trusted global partner like Elavon, we are providing merchants and customers the possibility to pay with Bancontact, the local payment solution. This partnership will support the continued growth of digital payments across Belgium, ensuring that businesses of all sizes can offer their customers the convenience and security they expect."
Elavon continues to evolve its pan-European strategy by adding Bancontact to the list of payment schemes it offers, demonstrating its commitment to remain at the forefront of European payments. In Belgium, Elavon now provides acquiring services for Bancontact, Visa, Mastercard, American Express, Discover, China Union Pay, and JCB.
