Belgium Cards and Payments Market Report- Top Manufacturers, Future Growth Outlook, Trends and Opportunities Forecast to 2024

The Belgium Cards and Payments Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Belgium Cards and Payments Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans dependent on present and future patterns.

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Belgium Cards and Payments Market Report provides detailed analysis of market trends in the Belgian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e).

Belgium Cards and Payments Market Report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2020e-24f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

Belgium Cards and Payments Market Report brings together RNR research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Belgium Cards and Payments Market Report provides top-level market analysis, information and insights into the Belgian cards and payments industry, including -
- Current and forecast values for each market in the Belgian cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Belgian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope of this Report-
- The government is taking steps to increase the use of digital payments in Belgium. Belgian financial federation Febelfin (in collaboration with its payment partners and trade federations) launched Belgium’s first Digital Payment Day on May 11, 2019. The initiative aims to increase financial awareness and knowledge among Belgians and encourages consumers to make digital payments. The initiative also aims to enable more merchants to accept digital payments. Via the Digital Payment Day website, Febelfin offers information for merchants regarding the best digital payment method for their business, as well as providing consumers with information on various digital payment solutions. Digital payments in Belgium are being supported by increasing use of mobile wallets including Apple Pay, Google Pay, and PayPal as well as the Payconiq by Bancontact app.
- Digital-only banks are gradually making inroads into the Belgian banking and debit card space. In February 2020, digital-only bank Aion launched in Belgium. The bank offers a multi-currency debit card, enabling users to make card payments and ATM withdrawals with no currency conversion costs. Meanwhile, international digital-only banks are making their way into Belgium. In October 2019, Netherlands-based digital-only bank bunq expanded its services across European countries including Belgium. Apart from a debit card, consumers are also offered a credit card and a Mastercard Travel Card (a credit card that eliminates foreign transaction fees for payments in foreign currencies). NiCKEL - the digital bank owned by BNP Paribas - plans to launch its operations in Belgium in the first quarter of 2022.
- Banks are counting on digital channels to tap into new customer bases. In November 2020, KBC Bank launched AI-based chatbot Kate for its customers in Belgium. The chatbot supports both chat and voice assistance to provide banking services to KBC customers, including assistance regarding money transfers and insurance documentation. Meanwhile, bpost bank allows individuals to open an account online. Individuals confirm their identity using their electronic identity card and fill in their personal details.

Reasons to Buy this Report-
- Make strategic business decisions, using top-level historic and forecast market data, related to the Belgian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Belgian cards and payments industry.
- Assess the competitive dynamics in the Belgian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Belgium.
- Gain insights into key regulations governing the Belgian cards and payments industry.

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Table of Contents
Payment Instruments
Card-based Payments
Ecommerce Payments
Buy Now Pay Later
Mobile Proximity Payments
P2P Payments
Bill Payments
Alternative Payments
Job Analysis
Payment Innovations
Payment Infrastructure & Regulation
Appendix

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