Belgium Cards and Payments - Opportunities and Risks to 2026

The publisher's ‘Belgium Cards and Payments - Opportunities and Risks to 2026' report provides detailed analysis of market trends in the Belgian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, credit transfers, direct debits and cheques during the review-period (2018-22e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2022e-26f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the publisher's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Belgian cards and payments industry, including:

• Current and forecast values for each market in the Belgian cards and payments industry, including debit, credit, and charge cards
• Detailed insights into payment instruments including cards, cash, credit transfers, direct debits and cheques. It also, includes an overview of the country's key alternative payment instruments
• Ecommerce market analysis
• Analysis of various market drivers and regulations governing the Belgian cards and payments industry
• Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards
• Comprehensive analysis of consumer attitudes and buying preferences for cards
• The competitive landscape of the Belgian cards and payments industry

Scope

• The number of POS terminals recorded a CAGR of 9.6%, increasing from 217,730 in 2018 to 313,971 in 2022e. This figure is set to reach 359,992 by 2026f. In July 2022, the government passed legislation requiring all merchants (including SMEs) to provide at least one electronic payment system. To capitalize, in October 2022, Samsung partnered with Viva Wallet and Mobco to launch the Viva Wallet POS app. The app enables merchants to convert Samsung smartphones into mobile POS devices
• In-store purchases were adversely affected by COVID-19 due to the closure of physical stores. To boost spending, retailers are focusing on offering convenient in-store shopping experiences. In March 2022, Swiss food and beverage vending services provider Selecta Group launched Foodies Shop & Go: a fully automated self-checkout store concept. Customers need to open the Scan & Go app and scan their credit or debit card at the entrance of the store. Sensor technology monitors customer movements and keeps track of the products they have selected in a virtual cart. Once an individual exits the store, the purchase amount is automatically debited from their credit or debit card and a receipt is sent to the Shop & Go app
• The proliferation of digital-only banks has helped drive competition in the banking space, thus boosting debit card holding. UK-based digital-only fintech company Revolut offers Standard, Plus, Premium, and Metal accounts along with a Mastercard debit card. Revolut also offers Revolut Junior accounts for individuals aged between six and 17. Meanwhile, digital-only bank Aion offers the Premium Membership account along with a multi-currency debit card. This enables users to make transactions in four currencies (US dollars, British pound sterling, Swiss francs, and Polish zloty)

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to the Belgian cards and payments industry and each market within it
• Understand the key market trends and growth opportunities in the Belgian cards and payments industry
• Assess the competitive dynamics in the Belgian cards and payments industry
• Gain insights into marketing strategies used for various card types in Belgium
• Gain insights into key regulations governing the Belgian cards and payments industry.