Payments Landscape in Belgium: Opportunities and Risks to 2022
November 2018
61
About the Report
About the Report
Payments Landscape in Belgium: Opportunities and Risks to 2022
Summary
GlobalData's "Payments Landscape in Belgium: Opportunities and Risks to 2022", 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 (2014-18e).
The 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 (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
This 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 and pay-later 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 and pay-later cards.
Scope
- To offer instant payment services in Belgium, the Centre for Exchange and Clearing signed an agreement with payment system operator Systemes Technologiques d'Echange et de Traitement in July 2017. The service will operate on a 24/7 basis, enabling users to make fund transfers within seconds. From the beginning of 2019, the banks that will start processing instant payments are Argenta, Kremer Bank, Bank J. Van Breda & Co., Bank Nagelmackers, Belfius Bank, BNP Paribas Fortis, CBC Bank, CPH Banque, Crelan, Europabank, Fintro, Hello bank!, ING Belgium, KBC Bank, and vdk Bank.
- To promote competition in the card payment processing space, in January 2018 the European Commission issued new rules that allow merchants to select suitable processors for their card transactions. The new directives also seek to boost the independence of payment card schemes and processing entities. Effective from February 7, 2018 the new rules introduced detailed requirements pertaining to the separation of certain functions to ensure the independence of processing activities within card schemes. Payment card schemes have to limit information exchange besides maintaining separate profit and loss accounts, a separate corporate organization (workspaces, management, and staff), and separate decision-making. The partition of functions will allow merchants to select the most suitable processor for their card transactions. The commission stated that the rules are aimed at preventing card schemes from favoring their own processing entities over competitors. It also stopped schemes from clubbing processing services with other services.
- To encourage point of sale (POS) terminal installation and card acceptance among Belgian SMEs, sole traders, and self-employed individuals, in January 2018 the government introduced a new tax relief measure for merchants and small businesses that purchase a POS terminal between January 2018 and December 2019. Any small business or sole trader registered in Belgium can claim back 20% of the purchase costs by declaring the investment in their annual tax return.
Reasons to buy
- 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.
Products
Products
The cards and payments industry in Belgium Debit cards, Pay-later cards, E-commerce, Alternative payments
Companies
BNP Paribas Fortis
Belfius Bank
KBC Bank
ING Belgium
Beobank
Credit Mutuel
AXA Bank
bpost
Bancontact
Visa
Mastercard
American Express
Table of Contents
Table of Contents
Table of Contents
Market Overview
Executive Summary
Card-based Payments
E-commerce Payments
Mobile Proximity Payments
P2P Payments
Bill Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.