Payment Cards in Belgium 2006
Datamonitor
October 26, 2006 73 Pages - SKU: DFMN1370923
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Countries covered: Belgium
Introduction
Payment Cards in Belgium is an invaluable guide to a key European card market. Created using a combination of secondary and primary research, this report provides statistics on market size, competitor market shares and card acceptance. It also provides an overview of regulation, competitor activities and product innovation. It concludes with market forecast and a SWOT analysis.
Scope- The focus of the report is on consumer payment cards, as opposed to commercial products.
- Data and analysis provided on debit cards, credit cards and deferred debit and charge cards.
- The report parameters extend to card issuance only. Merchant acquiring and card processing are not covered.
- Historic market data is presented for 2001-2005, with forecast data presented to 2010. Competitor shares for card issuers are presented for 2005.
Highlights
Overall, the Belgian payment card market has enjoyed strong growth over the last five years. Out of the three markets, the credit card market has experienced the strongest growth, growing at an annual average growth rate of 16.7 per cent in terms of cards in issue. Although it should be noted that it is partly due to its small base.
In March 2006 the EPC published a revised version of Cards Framework, which sets out the rules needed for the implementation of a Single Euro Payments Area. In the same year, the Belgian banks and Banksys have made an announcement of their decision to replace its domestic debit cards with an international brand in order to be SEPA compliant.
Like many other European countries, Belgium is migrating to EMV in order to combat fraud. By September 2005, 40 per cent of cards had been migrated to EMV smart cards. Additionally, nearly 80 per cent of POS terminals and all of the ATMs have also been migrated to EMV standard.
Reasons to Purchase- Learn how the Belgian consumer payment card market has developed over the last five years.
- Understand recent developments in the market in terms of consolidation, new entrants and product innovations.
- Find out Datamonitor's opinion on the future growth rate of the Belgian payment card markets including debit, credit, deferred debit and charge.
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- EXECUTIVE SUMMARY
- INTRODUCTION
- What is this report about?
- Scope of the report
- Structure of report
- MARKET CONTEXT
- Introduction
- Country overview
- Demographics
- Population
- Economy
- GDP
- Inflation
- Distribution of income
- Distribution of wealth
- Unemployment
- Market size
- Cards in issue
- Number of transactions
- Frequency of use
- Value of card transactions
- Average transaction values
- Balances outstanding
- Card acceptance
- POS statistics
- ATM statistics
- Market structure
- Industry regulators
- National Bank of Belgium - NBB
- Banking, Finance and Assurance Commission - CBFA
- Industry associations
- Belgian Bankers' Association (ABB-BVB)
- Union Professionnelle du Crédit - UPC BVK
- Credit bureaux
- Both private and public credit bureaux operate in Belgium
- Regulatory issues
- European consumer credit Directive
- Belgian consumer protection laws are on the increase
- SEPA
- Fraud and EMV
- COMPETITOR AND PRODUCT OVERVIEW
- Introduction
- Card scheme market shares
- Pay now cards
- Credit cards
- Cards in issue
- Value of transactions
- Charge and deferred debit cards
- Cards in issue
- Value of transactions
- Card issuer market shares
- Debit cards
- Cards in issue
- Credit cards
- Cards in issue
- Balances outstanding
- Competitor developments
- Consolidation of the Belgian market
- New entrants
- Product analysis
- Credit card design
- Many banks offer free insurance products with their cards
- Some card issuers offer incentive programs to promote their cards
- Loyalty programs
- Cards linked to MasterCard Collection reward program
- Citibank involved in diverse loyalty programs
- Product innovation
- Card personalization
- FORECASTING THE PAYMENT CARD MARKET IN BELGIUM
- Introduction
- Forecasting the pay now card market
- Forecasting the credit card market
- Forecasting the charge card market
- SWOT analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
- APPENDIX
- Introduction
- Supplementary data
- Market Context
- Forecasting the payment card market in Belgium
- Definitions
- AAGR
- CAGR
- Charge card
- Contactless payment
- Credit card
- EMV
- Pay now cards
- Pay later cards
- POS terminal
- Pre-paid cards
- Premium cards
- Research methodology
- Cards and Payments database
- Future readings
- Future publications
- Datamonitor's custom research capabilities
- Cards & Payments Team contact details
- How to contact experts in your industry
- List of Tables
- Table 1: GDP per capita for selected European countries, 2005
- Table 2: Sectoral composition of the Belgian economy, 2005
- Table 3: The inflation rate has increased from 1.5 per cent in 2003 to 2.5 per cent in 2005
- Table 4: GINI Coefficient for selected European countries
- Table 5: Segmentation of liquid assets in Belgium, 2004
- Table 6: Interest rates, annual fees and minimum credit limits on selected credit cards, 2006
- Table 7: A selection of credit card reward schemes offered by Citibank, 2006
- Table 8: Datamonitor's forecast for the pay now card market, 2006-2010f
- Table 9: Datamonitor's forecast for the credit card market, 2006-2010f
- Table 10: Datamonitor's forecast for the charge card market, 2006-2010f
- Table 11: Population numbers and demographic splits in Belgium and other major European countries, 2005
- Table 12: The percentage of people over the age of 20 in the major European countries, 2005
- Table 13: GDP at current rates across major European countries, 2005
- Table 14: Real GDP growth rates, 2001-2005
- Table 15: Unemployment rate in Belgium, 2001-2005
- Table 16: Belgian POS statistics and POS terminals per capita, 2000-2004
- Table 17: Belgian ATM statistics and ATM terminals per capita, 2000-2004
- Table 18: Pay now card forecasts indexed to 2005
- Table 19: Credit card forecasts indexed to 2005
- Table 20: Charge card forecasts indexed to 2005
- Table 21: Current relevant Datamonitor publications, 2006
- Table 22: Future relevant Datamonitor publications, 2006
- List of Figures
- Figure 1: Overview of Belgium, 2005
- Figure 2: Belgium has one of the lowest populations among the major European countries, 2005
- Figure 3: Belgium has the fifth highest percentage of population over the age of 20 after Italy, Spain, Greece and Germany, 2005
- Figure 4: Germany has the highest GDP in Europe, 2005
- Figure 5: Belgium has seen a positive increase in GDP growth rates in recent years, 2001-2005
- Figure 6: Unemployment rate in Belgium has increased since 2001, 2001-2005
- Figure 7: In terms of card numbers, pay now cards are dominant, 2001-2005
- Figure 8: Pay now cards dominate in terms of transaction numbers, 2001-2005
- Figure 9: Pay now cards are used much more frequently than pay later products, 2001-2005
- Figure 10: The value of credit card transactions is growing ever more quickly, 2001-2005
- Figure 11: Average transaction values are highest on credit cards, 2001-2005
- Figure 12: POS terminal network in Belgium, 2000-2004
- Figure 13: ATM network in Belgium, 2000-2004
- Figure 14: Regulatory overview of the Belgian Banking market, 2005
- Figure 15: Visa is dominant scheme in terms of credit card numbers, 2001-2005
- Figure 16: Visa is the leader in terms of value of transactions, 2001-2005
- Figure 17: Visa dominates the charge card market in Belgium, 2001-2005
- Figure 18: Visa also dominates charge card spend, 2001-2005
- Figure 19: Fortis, Dexia and KBC Bank are the top issuers of pay now cards in Belgium, 2005
- Figure 20: Fortis dominates the credit card market in terms of cards in issue, 2005
- Figure 21: Fortis is also the leading credit card issuer in terms of balances outstanding, 2005
- Figure 22: Mergers and acquisitions in the Belgian banking market, 1998-2005
- Figure 23: MasterCard Collection reward program website, 2006
- Figure 24: Increased card usage and spend will drive the pay now market, 2006-2010f
- Figure 25: Increased card usage will drive the credit card market, 2006-2010f
- Figure 26: The charge card market is expected to decline, 2006-2010f
- Figure 27: SWOT analysis of the Belgian payment market, 2006
- Figure 28: Datamonitor's core consulting capabilities
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