MarketResearchReports.Biz announces addition of new report "Consumer Payments Country Snapshot: Belgium 201" to its database.
The Belgian payments market
is highly developed, with consumers very comfortable using debit cards.
Belgian consumers are very comfortable with established payment
instruments, with domestic payment method Bancontact the most commonly
used card scheme in the country. However, online commerce and mobile
proximity payments will gain traction among Belgian consumers provided
use cases and advantages over traditional payment tools are highlighted
during the early stages of adoption.
This
report examines the consumer payments market in Belgium, considering
payment cards, online payments, P2P payments, and newer payment
technologies such as mobile wallets and contactless. It also examines
the regulations in force in the market that players must comply with,
and how these have changed in recent years.
- Analyzes the major payment card types in terms of both card holding and usage.
- Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.
-
Considers consumer attitudes towards prepaid cards, P2P tools, mobile
payment tools, and contactless cards, and how companies in Belgium are
deploying these tools to meet customer needs.
-
Explores the online payment market in Belgium by merchant type and
payment tool, as well as providing a five-year forecast for the
development of the market.
- Considers the regulations affecting the payments market and how they are likely to affect both incumbents and disruptors.
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Scope
-
As a result of the limited growth forecast for the number of cards in
use, providers should aim to increase revenues by encouraging more
consumers to obtain a credit card.
-
While e-commerce accounts for the vast majority of online purchases by
value in Belgium, m-commerce is set to record a significant compound
annual growth rate of 33% between 2015 and 2020.
-
The share of consumers who do not have a mobile wallet and have no
interest in getting one increased by almost 5 percentage points between
2014 and 2015, implying consumer interest is the main barrier to mobile
wallet adoption.
Reasons to buy
- Understand the key facts and figures in the consumer payments market in Belgium.
- Find out what products the major competitors are launching in the market and plan your strategy accordingly.
-
Discover consumer sentiments towards various payment tools in the
Belgian market and use this knowledge to inform product design.
-
Learn about the key regulatory requirements affecting Belgian payments
players and any recent or upcoming changes to those requirements.
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