Number of mobile banking subscriptions in Belgium 2011-2020

In 2020, there were roughly 9.1 million subscriptions in Belgium, increasing steadily since 2011. Slowly but steadily, Belgian consumers are using mobile banking alongside the services from their local bank office. Banking is deemed an important part of Belgian culture with a relative high number of bank offices in the country. In 2019, for example, the total number of offices of banks established in Belgium reached approximately 3,200 in the Flemish region. This is due to the fact that many banking offices in Belgium are managed by entrepreneurs who are not directly on the payroll of the bank itself. Consequently, the decrease of bank branches, which characterizes the financial sector in most European countries, happens at a slower rate.