Belgium: Visa, Mastercard market share

Bancontact payment cards were significantly more used for POS and e-commerce than Visa or Mastercard in Belgium. In 2021, Bancontact held 80 percent of the market share of payment card schemes in Belgium. It is a payment scheme from Brussels that, like Paypal, is responsible for the processing of electronic payments, but specifically targets the Belgian market. All issued debit cards in the country work with this scheme, making it one of theleading payment methods for online purchases in Belgium.

Biggest payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Belgium from 2016 to 2021

Characteristic	2016	2017	2018	2019	2020	2021
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Release date

March 2023

More information

Region

Belgium

Survey time period

2016 to 2021

Special properties

Online and offline payments that involved a payment card; The source did not provide separate figures for either offline or online, but provided a total

Supplementary notes

The figures have been taken from several publications.

Percentage points exceeding or below 100 percent are probably due to rounding.

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