Payment Card Year Books

Belgium 2020/2021

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  • Regular price £260.00

Payment Organisations

Bancontact Payconiq Company

Domestic Payment Brands

Bancontact debit cards, mostly co-badged Maestro. 

Bancontact Payconiq, the Belgian mobile payment app. 

Market Structure

In March 2018, the domestic card scheme Bancontact merged with the mobile payment app operator, Payconiq. 

From 2011, most Belgian banks restrict the use of the Maestro function on Bancontact cards to Europe (geo-blocking). 

Debit cards dominate the market, accounting for 87.92% of card payments in 2019. Credit card use is under-developed. 

KBC Bank Group has developed a substantial retail banking network in the CEE region but made divestments in 2011-13. 

Belfius Bank (previously Dexia Bank) is state-owned. 

Emerging Open Banking ecosystem. 

Notable Market Trends

Contactless Bancontact rollout, Bancontact Payconiq app, Mybank, HCE NFC card payments, Open Banking payments. 


 UPDATED: tables with card business data 2015-2019; growth rates: Y-o-Y, CAGR
 Population, Cards per Capita, Card Value per Capita
 Debit Cards, Credit/Delayed Debit Cards, Total Cards
 Card payments by number and by value, ATV per card, payments per card/year
 ATMs, POS terminals, ATMs/POS terminals per 1 million capita
 ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
 POS payments by number/by value, ATV per POS payment, TXs per POS/month
 Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
 Issued Card brands by individual major issuer bank
 Accepted card brands by individual major acquirer
 Drill down into the debit card use and credit cards use details


Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 


1.1 last updated 19th January 2021