BNP Paribas Fortis has partnered with Six Payment Services to provide various payment services from terminals to acquiring services to merchants in Belgium.
Through the partnership, BNP and Six aim to break the monopoly of Bancontact/Mister Cash (BC/MC), which dominated the Belgium payment markets for a long time.
The partners will combine BNP’s merchant base of 180,000 with Six’s expertise in acquiring services.
As part of the deal, the duo will launch payment terminals that will accept BC/MC debit cards and all credit cards.
Six said in a statement: "The merchant will benefit from simple, fast and secure payments at a competitive pricing for card transactions accepted via fixed, portable or mobile payment terminals."
The partnership will allow Six to expand its footprint in Europe.
SIX Payment Services market development head Luc Holper said: "We observe the evolution of the payment market: throughout Europe, banks are moving toward Acquiring, which is traditionally a core competence of Six.
"BNP Paribas Fortis was our partner of choice in Belgium, its huge branch network is an ideal gateway to addressing merchants on a broad level."
BNP Paribas Fortis director marketing Gunter Uytterhoeven said: "Merchants will enjoy the benefits of having a single partner for all of their payments and collections needs.
"This new partnership will be a key element to support the BNP Paribas Fortis service range and complements the innovative services that were launched earlier this year."
Image: BNP Paribas Fortis and SIX Payment partner to launch new payment terminals. Photo: courtesy of BNP Paribas Fortis.