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Bancontact Pay vs M-Pesa
Bancontact Pay and M-Pesa are both payment receiving platforms. On a $1,000 payment you keep about $1,000 on Bancontact Pay and $1,000 on M-Pesa, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $1,000 on Bancontact Pay and $1,000 on M-Pesa, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer. Only M-Pesa offers Cash agents.
- M-Pesa is the older platform — founded in 2007, 8 years before Bancontact Pay (2015).
- Bancontact Pay is based in Belgium, M-Pesa in Kenya.
Which should you choose?
Choose M-Pesa if…
- You want to withdraw via Cash agents.
- You prefer a long track record (since 2007).
Side by side
Bancontact Pay
Belgian mobile payment app to get paid via QR (formerly Payconiq).
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M-Pesa
The mobile money system that runs East Africa - anyone with a SIM card can receive payments, and small busines…
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | No |
| Fees | Free for consumers | Free deposits, tiered P2P and agent withdrawal fees |
| Withdraw via | Direct bank-to-bank via linked Belgian account | Cash agents, Bank transfer |
| Availability | Belgium | Kenya + 7 African markets |
| Local to | Belgium | Kenya, Tanzania |
| Founded | 2015 | 2007 |
| Headquarters | Brussels, Belgium | Nairobi, Kenya |
| Popularity | 46 views · 0 likes | 54 views · 0 likes |
Frequently asked questions
Which is cheaper, Bancontact Pay or M-Pesa?
On a $1,000 payment you keep about $1,000 on Bancontact Pay and $1,000 on M-Pesa, before withdrawal or currency-conversion costs.
Where are Bancontact Pay and M-Pesa available?
Bancontact Pay: Belgium. M-Pesa: Kenya + 7 African markets.