The number of credit card payments in Belgium declined by roughly 60 million between 2021 and 2022. This led to the per capita count to decrease to below four in 2022. The trend of declining credit card payments is similar to what was seen elsewhere in Europe years ago. In the United Kingdom, for example, UK consumers started to pay off credit card debt during lockdown.
Total number of credit card transactions processed for payments in Belgium from 2014 to 2023
Cards issued by resident payment service providers (PSPs), used by the payer; The source did not provide figures from before 2014, as Belgium changed its reporting significantly.
Supplementary notes
The figures have been taken from several publications, as (the quality of) data tracking of card payments can vary significantly between countries.
2022 figures and beyond - release date November 2023 and later - made significant strides in reporting quality - causing a sometimes significant break in methodology in individual countries. Statista sometimes still had to calculate figures, however, as card figures were split between non-remote and remote use cases.
2021 figures and before - with a release date of July 2022, or earlier - are all Statista estimates. Statista used the following indicators - which did not return after the figures covering 2022 - for Belgium:
1. Credit cards
Number of cards with a credit function.
Figures from before 2014 cover "Number of cards with a credit/delayed debit function", and cannot be compared.
2. Debit cards
Number of cards with a debit function;
The following additional sources have been used to provide further context to these figures:
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Statista. (July 25, 2024). Total number of credit card transactions processed for payments in Belgium from 2014 to 2023 [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/1308050/total-number-of-credit-card-payments-in-belgium/
Statista. "Total number of credit card transactions processed for payments in Belgium from 2014 to 2023." Chart. July 25, 2024. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/1308050/total-number-of-credit-card-payments-in-belgium/
Statista. (2024). Total number of credit card transactions processed for payments in Belgium from 2014 to 2023. Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/1308050/total-number-of-credit-card-payments-in-belgium/
Statista. "Total Number of Credit Card Transactions Processed for Payments in Belgium from 2014 to 2023." Statista, Statista Inc., 25 Jul 2024, https://www.statista.com/statistics/1308050/total-number-of-credit-card-payments-in-belgium/
Statista, Total number of credit card transactions processed for payments in Belgium from 2014 to 2023 Statista, https://www.statista.com/statistics/1308050/total-number-of-credit-card-payments-in-belgium/ (last visited October 14, 2024)
Total number of credit card transactions processed for payments in Belgium from 2014 to 2023 [Graph], Statista, July 25, 2024. [Online]. Available: https://www.statista.com/statistics/1308050/total-number-of-credit-card-payments-in-belgium/