Maarten Grooff
More has already been paid with the smartphone in the first eight months than in the entirety of 2020. This is evident from figures from Bancontact Payconiq Company. In the corona year 2020, the mobile phone already became more popular as a means of payment, but this has grown even more this year. A total of 125 million smartphone payments were made between January and August. This is a growth of 69%.
For online purchases, the dominance of the smartphone is particularly striking. Scanning a QR code with your mobile phone is much easier than with a card reader and bank card. Payment with smartphone is also more popular in physical stores.
In addition to paying with your mobile phone, it is now also possible to withdraw cash with your smartphone. ABN Amro customers can withdraw money from Geldmaat ATMs without a bank card. For this purpose, ABN Amro works together with Geldmaat and Mastercard. On the cash side, customers can choose the 'without debit card' option. After scanning the QR code that appears on the screen, the bank app will automatically open. You must then log in to the app. Once logged in, the customer can enter a desired amount and confirm the withdrawal. There are no additional costs associated with this form of withdrawing money.
