Belgium's Cards and Payments Industry: Opportunities, Trends, Size, Analysis, Strategies and Forecast to 2018

Synopsis

The report provides top-level market analysis, information and insights into Belgium's cards and payments industry, including:

Executive Summary :

Belgian card payments registered positive growth during the review period (2009-2013), recording a compound annual growth rate (CAGR) of 3.30% to reach 39.1 million cards in circulation by the end of 2013. In terms of transaction value, payment cards accounted for EUR121.7 billion (US$161.3 billion) in 2013, after registering a review-period CAGR of 5.95%. The transaction value is expected to grow over the forecast period (2014-2018), at a CAGR of 5.96%. Improvements to banking infrastructure and the installation of point of sale (POS) terminals at merchant outlets were the payment cards instrument’s key growth drivers. In terms of transaction value, debit cards accounted for a market share of 89% in 2013; the highest among payment cards, a situation that is expected to continue over the forecast period. Charge cards accounted for the second-highest position, followed by credit cards, while prepaid cards accounted for the lowest share of 0.2% in terms of transaction value in 2013.

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Scope :

• This report provides a comprehensive analysis of Belgium's cards and payments industry.

• It provides current values for Belgium's cards and payments industry for 2013, and forecast figures for 2018.

• It details the different economic, infrastructural and business drivers affecting Belgium's cards and payments industry.

• It outlines the current regulatory framework in the industry.

• It details the marketing strategies used by various banks and other institutions.

• It profiles the major banks in Belgium's cards and payments industry.

Key Highlights :

• Banks have increased their focus on adopting...