Payments in Belgium

The Statista dossier
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Statista Dossier on cash payments, debit and credit cards, online and mobile payment methods in Belgium

Payment methods and payment preferences differ per country in Europe, and Belgium is no exception. The country is home to a popular domestic card payment scheme that is used in no other country, but also has one of Europe's lowest penetration rates when it comes to contactless payments. This dossier looks at payments methods consumers have at their disposal in Belgium, and is meant to answer questions like "do Belgian consumers prefer to pay for their offline retail purchases with cash money?" or "do Belgians use credit cards whilst shopping online?".

This Dossier looks at both offline and online payments. Belgium is unique, though, in that it has a domestic payment method that can be used in both situations: Bancontact (first called "Mr Cash"). This system uses debit cards from over 20 Belgian banks. In early 2019, Bancontact merged with payment app Payconiq to become "Payconiq by Bancontact". No numbers were available (yet) on this new service, hence Payconiq and Bancontact are mentioned separately in this dossier.

The dossier cannot answer questions about Samsung Pay, Venmo or Swish in Belgium, as none of these payment services are present in the country. Both Apple Pay and Google Pay are available in the country.

Table of contents

  • 1. Market overview
    • Number of POS terminals in Belgium 2014-2019

    • Number of cash machines in Belgium 2009-2019

    • Payment transaction number in Belgium compared to EU total 2010-2019, by payment type

    • POS and e-ecommerce revenue Belgium 2018-2020, with a 2024 forecast

  • 2. Cash money
    • Total number of cash withdrawals in Belgium 2005-2018

    • Level of cash use in Belgium 2000-2019

    • Share of cash money at POS (points of sale) in 38 countries in Europe in 2019

    • Share of cash transactions at POS in the euro area 2016 and 2019, by country

  • 3. Payment cards
    • Credit card and debit card number in Belgium 2000-2019

    • Credit cards and debit cards per capita in Belgium 2010-2019

    • Number of card payments in Belgium 2000-2018

    • Value of card payments as a ratio to GDP in the Benelux region 2010-2019

  • 4. Bancontact
    • Bancontact, VISA/MasterCard and Maestro/V-Pay transactions in Belgium 2010-2019

    • Biggest brands in payment cards in Belgium 2016-2019

    • Number of Bancontact transactions in Belgium 2015-2018

    • Bancontact and VISA/MasterCard transaction value in Belgium 2010-2019

  • 5. E-commerce payments
    • Belgium, Europe and MEA e-commerce payment methods 2020

    • Leading payment methods in online retail in Belgium 2015-2019

    • Biggest digital payment methods in Belgium 2015-2018

    • Leading payment methods for online shopping in Belgium 2016-2020

  • 6. Cross-border payments
    • Comparison of domestic and cross-border e-commerce in Europe 2019, by country

    • Number of cross-border payments with credit cards by Belgian consumers 2002-2018

    • Value of cross-border payments with credit cards by Belgian consumers 2002-2018

    • Coronavirus effect on daily active users of PayPal in Europe in 2020, by country

  • 7. Contactless and mobile
    • NFC market share in total payments in Belgium 2017-2018

    • Contactless payments market share at POS in Europe 2018, by country

    • Ranking of mobile payment apps in Belgium, based on DAU 2018

    • Forecast of mobile payment use in Belgium 2023, by product category

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