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The Cards and Payments Industry in Belgium: Emerging Trends and Opportunities to 2020

  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Highlights
    • Table Belgium - Key Facts, 2015
    • Table Regional Benchmarking of Belgium's Payment Cards, 2015
  • Executive Summary
  • Payment Instruments
  • E-Commerce and Alternative Payments
    • E-Commerce Market and Payment Methods
    • Alternative Payment Solutions
      • PayPal
      • Sixdots
      • Seqr
      • Sign2Pay
      • Unified payment platform
      • SafetyPay
      • Ping Ping
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • SEPA framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Belgium - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
  • Payment Cards
  • Debit Cards
    • Debit Cards Market Analysis
    • Competition in Debit Cards Market
    • Debit Cards Comparison
      • Table Belgium - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
    • Competition in Pay Later Cards Market
    • Pay Later Cards Comparison
      • Table Belgium - Gold Credit Cards Comparison and Key Features, 2016
      • Table Belgium - Premium Credit Cards Comparison and Key Features, 2016
  • Prepaid Cards
  • Appendix
    • Tables
      • Table Belgium - Payment Instrument Transaction Values (EUR Billion), 2011-2015
      • Table Belgium - Payment Instrument Transaction Values (US$ Billion), 2011-2015
      • Table Belgium - Payment Instrument Transaction Volumes (Million), 2011-2015
      • Table Belgium - Number of Payment Cards in Circulation by Type (Million), 2011-2020
      • Table Belgium - Volume of Payment Card Transactions by Type (Million), 2011-2020
      • Table Belgium - Value of Payment Card Transactions by Type (EUR Billion), 2011-2020
      • Table Belgium - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
      • Table Belgium - Number of Debit Cards in Circulation (Million), 2011-2020
      • Table Belgium - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Belgium - Debit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Belgium - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015
      • Table Belgium - Debit Card Transaction Values by Scheme (EUR Billion), 2011-2015
      • Table Belgium - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Belgium - Debit Card Transaction Values by Issuer (EUR Billion), 2011-2015
      • Table Belgium - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table Belgium - Number of Pay Later Cards in Circulation (Million), 2011-2020
      • Table Belgium - Pay Later Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Belgium - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Belgium - Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Belgium - Pay Later Card Transaction Values by Scheme (EUR Billion), 2011-2015
      • Table Belgium - Pay Later Card Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Belgium - Pay Later Card Transaction Values by Issuer (EUR Billion), 2011-2015
      • Table Belgium - Pay Later Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table Belgium - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
      • Table Belgium - Personal and Commercial Pay Later Card Transaction Values (EUR Billion), 2011-2020
      • Table Belgium - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
      • Table Belgium - Number of Commercial Pay Later Cards in Circulation (Thousand), 2011-2020
      • Table Belgium - Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
      • Table Belgium - Commercial Pay Later Card Transaction Values (EUR Billion), 2011-2020
      • Table Belgium - Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
      • Table Belgium - Number of Prepaid Cards in Circulation (Million), 2011-2020
      • Table Belgium - Prepaid Card Transaction Values (EUR Million), 2011-2020
      • Table Belgium - Prepaid Card Transaction Values (US$ Million), 2011-2020
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The Cards and Payments Industry in Belgium: Emerging Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Cards and Payments Industry in Belgium: Emerging Trends and Opportunities to 2020' 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 cash transactions, credit transfers, direct debits, check payments and payment cards during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Summary

Timetric’s 'The Cards and Payments Industry in Belgium: Emerging Trends and Opportunities to 2020' 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 and credit cards.
  • Detailed insights into payment instruments including cash transactions, credit transfers, direct debits, check payments and payment cards. It also includes an overview of the country's key alternative payment instruments.
  • E-commerce 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 and credit cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the Belgian cards and payments industry.
Scope

This report provides a comprehensive analysis of the Belgian cards and payments industry.
  • It provides current values for the Belgian cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Belgian cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
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.
Key Highlights
  • The EU regulation on capping interchange fees for credit and debit cards at 0.3% and 0.2% respectively was implemented in Belgium in 2015. While merchants benefitted from lower transaction costs, banks saw their revenues on payment cards decrease, thus affecting their profitability. With a reduction in revenue, card issuers are likely to cut card offerings and benefits for consumers, and instead look at new ways to generate revenue.
  • The emergence of mobile-only banks is likely to accelerate a shift towards electronic payments in Belgium. For instance, BNP Paribas launched a mobile-only bank named Hello Bank! in Belgium in 2013, allowing consumers to conduct banking transactions entirely on their mobile phones. Similarly, the France-based telecom provider Orange also plans to introduce its mobile-only bank Orange Bank in Belgium in 2017.
  • To promote electronic payments, ING Belgium and KBC Bank collaborated to launch a unified payment platform for mobile payments (m-payments) in July 2016. This platform combines ING Belgium’s payment application ‘Payconiq’ loyalty platform ‘Qustomer’ and KBC Bank’s ‘CityLife’ loyalty platform. Around one million customers and 2,600 retailers in Belgium are part of Qustomer, while 3,000 retailers are part of Payconiq. The collaboration of applications will create a unified mobile payments and loyalty platform.


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