Leading payment methods in online retail in Belgium 2015-2019
processed payment transactions: approximately 1.44 billion transactions were made using this payment scheme, whereas VISA/Mastercard and Maestro reached 300 million transactions altogether.
Which payment methods are the most popular for online shopping in Belgium? In 2019, 21 percent of Belgian consumers used a debit card for their e-commerce purchases. This was done by using something called Bancontact (formerly known Bancontact/Mister Cash, since 2018 Payconiq by Bancontact). Credit cards, on the other hand, were used less often from year to year. Bancontact’s popularity was also reflected in