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

GlobalData’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 GlobalData’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.

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.

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 revenues on payment cards decrease, 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 the mobile-only Hello Bank! in Belgium in 2013, allowing consumers to conduct banking transactions entirely on a mobile phone. France-based telecoms provider Orange also plans to introduce its mobile-only Orange Bank in Belgium in 2017.

• 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 Payconiq payment app, the Qustomer loyalty platform, and KBC Bank’s CityLife loyalty platform. Around 1 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.

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.

Companies mentioned

BNP Paribas Fortis

Belfius Bank

ING Belgium

KBC Bank

Credit Mutuel (Beobank)

Bancontact

Visa

MasterCard

American Express

Table of Contents

1 Definitions and Methodology

1.1 Definitions

1.2 Methodology

2 Key Facts and Highlights

3 Executive Summary

4 Payment Instruments

5 E-Commerce and Alternative Payments

5.1 E-Commerce Market and Payment Methods

5.2 Alternative Payment Solutions

5.2.1 PayPal

5.2.2 Sixdots

5.2.3 Seqr

5.2.4 Sign2Pay

5.2.5 Unified payment platform

5.2.6 SafetyPay

5.2.7 Ping Ping

6 Regulations in the Cards and Payments Industry

6.1 Regulatory Framework

6.1.1 SEPA framework

6.2 Anti-Money Laundering (AML)

6.3 Foreign Direct Investment (FDI) Regulations

7 Analysis of Cards and Payments Industry Drivers

8 Payment Cards

9 Debit Cards

9.1 Debit Cards Market Analysis

9.2 Competition in Debit Cards Market

9.3 Debit Cards Comparison

10 Pay Later Cards

10.1 Pay Later Cards Market Analysis

10.2 Competition in Pay Later Cards Market

10.3 Pay Later Cards Comparison

11 Prepaid Cards

12 Appendix

12.1 Tables

12.2 Contact GlobalData

12.3 About GlobalData

12.4 GlobalData’s Services

12.5 Disclaimer

List of Tables

Table 1: Key Definitions

Table 2: Annual Average Exchange Rate

Table 3: Belgium – Key Facts, 2015

Table 4: Regional Benchmarking of Belgium’s Payment Cards, 2015

Table 5: Belgium – Mode of Entry of Foreign Banks

Table 6: Belgium – Debit Cards Comparison and Key Features, 2016

Table 7: Belgium – Gold Credit Cards Comparison and Key Features, 2016

Table 8: Belgium – Premium Credit Cards Comparison and Key Features, 2016

Table 9: Belgium – Payment Instrument Transaction Values (EUR Billion), 2011–2015

Table 10: Belgium – Payment Instrument Transaction Values (US$ Billion), 2011–2015

Table 11: Belgium – Payment Instrument Transaction Volumes (Million), 2011–2015

Table 12: Belgium – Number of Payment Cards in Circulation by Type (Million), 2011–2020

Table 13: Belgium – Volume of Payment Card Transactions by Type (Million), 2011–2020

Table 14: Belgium – Value of Payment Card Transactions by Type (EUR Billion), 2011–2020

Table 15: Belgium – Value of Payment Card Transactions by Type (US$ Billion), 2011–2020

Table 16: Belgium – Number of Debit Cards in Circulation (Million), 2011–2020

Table 17: Belgium – Debit Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 18: Belgium – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 19: Belgium – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 20: Belgium – Number of Debit Cards in Circulation by Scheme (Million), 2011–2015

Table 21: Belgium – Debit Card Transaction Values by Scheme (EUR Billion), 2011–2015

Table 22: Belgium – Debit Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 23: Belgium – Debit Card Transaction Values by Issuer (EUR Billion), 2011–2015

Table 24: Belgium – Debit Card Transaction Values by Issuer (US$ Billion), 2011–2015

Table 25: Belgium – Number of Pay Later Cards in Circulation (Million), 2011–2020

Table 26: Belgium – Pay Later Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 27: Belgium – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 28: Belgium – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 29: Belgium – Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011–2015

Table 30: Belgium – Pay Later Card Transaction Values by Scheme (EUR Billion), 2011–2015

Table 31: Belgium – Pay Later Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 32: Belgium – Pay Later Card Transaction Values by Issuer (EUR Billion), 2011–2015

Table 33: Belgium – Pay Later Card Transaction Values by Issuer (US$ Billion), 2011–2015

Table 34: Belgium – Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 35: Belgium – Personal and Commercial Pay Later Card Transaction Values (EUR Billion), 2011–2020

Table 36: Belgium – Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011–2020

Table 37: Belgium – Number of Commercial Pay Later Cards in Circulation (Thousand), 2011–2020

Table 38: Belgium – Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 39: Belgium – Commercial Pay Later Card Transaction Values (EUR Billion), 2011–2020

Table 40: Belgium – Commercial Pay Later Card Transaction Values (US$ Billion), 2011–2020

Table 41: Belgium – Number of Prepaid Cards in Circulation (Million), 2011–2020

Table 42: Belgium – Prepaid Card Transaction Values (EUR Million), 2011–2020

Table 43: Belgium – Prepaid Card Transaction Values (US$ Million), 2011–2020

List of Figures

Figure 1: Belgium – Payment Instrument Shares by Transaction Value (%), 2011 vs 2015

Figure 2: Belgium – Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015

Figure 3: Belgium – E-Commerce Value, 2011–2020

Figure 4: Belgium – E-Commerce Payment Methods, 2015

Figure 5: Belgium – Population

Figure 6: Belgium – Economic Indicators

Figure 7: Belgium – ATMs and POS Terminals

Figure 8: Belgium – Household Consumption

Figure 9: Belgium – Growth in Payment Card Transaction Values by Type, 2011–2020

Figure 10: Belgium – Number of Cards in Circulation by Type, 2011–2020

Figure 11: Belgium – Debit Card Penetration, 2015

Figure 12: Belgium – Turnover Per Debit Card, 2015

Figure 13: Belgium – Debit Card Scheme Share in Terms of Transaction Value, 2015

Figure 14: Belgium – Debit Card Issuer Share in Terms of Transaction Value, 2015

Figure 15: Belgium – Pay Later Card Penetration, 2015

Figure 16: Belgium – Turnover Per Pay Later Card, 2015

Figure 17: Belgium – Pay Later Card Scheme Share in Terms of Transaction Value, 2015

Figure 18: Belgium – Pay Later Card Issuer Share in Terms of Transaction Value, 2015

Figure 19: Belgium – Number of Prepaid Cards In Circulation, 2011–2020

Figure 20: Belgium – Prepaid Cards Transaction Value, 2011–2020

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