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Biggest brands in payment cards in Belgium 2016-2019

Published by Raynor de Best, Mar 4, 2021
Bancontact payment cards were significantly more used for POS and e-commerce than Visa or Mastercard in Belgium throughout 2016-2019. In 2019, Bancontact held 79 percent of the market share of payment card schemes in Belgium.

Bancontact 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.

Market share of the leading payment card schemes in Belgium from 2016 to 2019

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Source

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Release date

January 2021

Region

Belgium

Survey time period

2016 to 2019

Supplementary notes

The figures have been taken from several publications.

The source mentions the numbers have been compiled "using a mixture of primary and secondary data sources. Primary refers to our own surveys and commissioned research; whereas secondary refers to authoritative third-party vendor data, and other publicly available data." No specifics, however, are given.

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