Leading brands in payment cards in Belgium 2016-2017
This statistic shows the market share of the leading payment card schemes (including e-commerce as well as POS) in Belgium in 2016 and 2017. Compared to most countries in Europe, Belgium is deemed to lag behind when it comes to the implementation of new technologies. An important reason for this is that banking is seen as an important part of Belgian culture and there are a relatively high number of bank offices in the country. In 2017, for example, the total number of bank offices established in Belgium reached 4,066 in the Flemish region.
Despite that, credit cards were the leading payment method for online purchases in Belgium in the first quarter of 2017. Its market share, however, decreased in favor of Bancontact, a payment scheme from Brussels that, like Paypal, is responsible for the processing of electronic payments but specifically targets the Belgian market.
Despite that, credit cards were the leading payment method for online purchases in Belgium in the first quarter of 2017. Its market share, however, decreased in favor of Bancontact, a payment scheme from Brussels that, like Paypal, is responsible for the processing of electronic payments but specifically targets the Belgian market.
