The Payconiq solution is issued by five of Luxembourg’s largest retail banks. Each of them offers its customers its own Payconiq application that you can download from the App Store or Google Play. After activation, it is linked directly to the bank account of your choice. When you pay or transfer money through Payconiq, a free wire transfer* is triggered. Your bank account is debited, and the payment recipient credited for the amount you validated.

*Wire transfers initiated via Payconiq are free for the payer.