ABN Amro pulls out of Dutch banks’ mobile payment venture

ABN AMRO and payment service Payconiq have decided to end their talks to explore potential for collaboration. Since April 2016, ABN AMRO has been a party to a joint initiative of Dutch banks to set up and launch Payconic as a new payment service for Dutch consumers and shops.

In the meantime, ABN AMRO has made strategic choices of its own that impact the way the bank aims to serve its clients’ interests. For example, ABN AMRO is further expanding the functionality of its popular payment request app, “Tikkie”, to retail and business clients. ABN AMRO and Payconiq amicably agreed to end their collaboration talks. ABN AMRO wishes Payconiq every success in the future.