In this episode of Newsmakers, Luxembourg's head of Payconiq, James King gives usthe rundown of the digital payment services business in Luxembourg and how we can expect it to develop.

James heads a team of six people in Luxembourg, focused on the local market and informing the general population about their service. While partnerships with banks also play an important role in the company's strategy.

"They have become absolutely invaluable as partners, and they have been driving this mobile payment initiative here in Luxembourg. The benefits that they get is that they are able, with us enabling them, to digitise the consumer's IBAN. The consumer's bank account becomes a digital instrument in their phone which is always with them," said James.

He also touches on Payconiq's plans for the future including hybrid stores and QR codes on car parking tickets allowing instant payment. Tune in to find out more. 

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