The Cards and Payments Industry in Belgium: Emerging Trends and Opportunities to 2020

Date: December 19, 2016
Pages: 47
Price:
US$ 2,750.00 US$ 2,337.50
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: CC8E6E873BDEN
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SYNOPSIS

Timetric’s 'The Cards and Payments Industry in Belgium: Emerging Trends and Opportunities to 2020' 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 transactions, credit transfers, direct debits, check payments and payment cards during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetric’s 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.

SUMMARY

Timetric’s 'The Cards and Payments Industry in Belgium: Emerging Trends and Opportunities to 2020' 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 credit cards.
  • Detailed insights into payment instruments including cash transactions, credit transfers, direct debits, check payments and payment cards. 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 credit cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the Belgian cards and payments industry.
SCOPE
  • This report provides a comprehensive analysis of the Belgian cards and payments industry.
  • It provides current values for the Belgian cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Belgian cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
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.
KEY HIGHLIGHTS
  • The EU regulation on capping interchange fees for credit and debit cards at 0.3% and 0.2% respectively was implemented in Belgium in 2015. While merchants benefitted from lower transaction costs, banks saw their revenues on payment cards decrease, thus affecting their profitability. With a reduction in revenue, card issuers are likely to cut card offerings and benefits for consumers, and instead look at new ways to generate revenue.
  • The emergence of mobile-only banks is likely to accelerate a shift towards electronic payments in Belgium. For instance, BNP Paribas launched a mobile-only bank named Hello Bank! in Belgium in 2013, allowing consumers to conduct banking transactions entirely on their mobile phones. Similarly, the France-based telecom provider Orange also plans to introduce its mobile-only bank Orange Bank in Belgium in 2017.
  • To promote electronic payments, ING Belgium and KBC Bank collaborated to launch a unified payment platform for mobile payments (m-payments) in July 2016. This platform combines ING Belgium’s payment application ‘Payconiq’ loyalty platform ‘Qustomer’ and KBC Bank’s ‘CityLife’ loyalty platform. Around one million customers and 2,600 retailers in Belgium are part of Qustomer, while 3,000 retailers are part of Payconiq. The collaboration of applications will create a unified mobile payments and loyalty platform.
1 DEFINITIONS AND METHODOLOGY

1.1 Definitions
1.2 Methodology

2 KEY FACTS AND HIGHLIGHTS

3 EXECUTIVE SUMMARY

4 PAYMENT INSTRUMENTS

5 E-COMMERCE AND ALTERNATIVE PAYMENTS

5.1 E-Commerce Market and Payment Methods
5.2 Alternative Payment Solutions
  5.2.1 PayPal
  5.2.2 Sixdots
  5.2.3 Seqr
  5.2.4 Sign2Pay
  5.2.5 Unified payment platform
  5.2.6 SafetyPay
  5.2.7 Ping Ping

6 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY

6.1 Regulatory Framework
  6.1.1 SEPA framework
6.2 Anti-Money Laundering (AML)
6.3 Foreign Direct Investment (FDI) Regulations

7 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS

8 PAYMENT CARDS

9 DEBIT CARDS

9.1 Debit Cards Market Analysis
9.2 Competition in Debit Cards Market
9.3 Debit Cards Comparison

10 PAY LATER CARDS

10.1 Pay Later Cards Market Analysis
10.2 Competition in Pay Later Cards Market
10.3 Pay Later Cards Comparison

11 PREPAID CARDS

12 APPENDIX

12.1 Tables
12.2 Contact Timetric
12.3 About Timetric
12.4 Timetric’s Services
12.5 Disclaimer

LIST OF TABLES

Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Belgium – Key Facts, 2015
Table 4: Regional Benchmarking of Belgium’s Payment Cards, 2015
Table 5: Belgium – Mode of Entry of Foreign Banks
Table 6: Belgium – Debit Cards Comparison and Key Features, 2016
Table 7: Belgium – Gold Credit Cards Comparison and Key Features, 2016
Table 8: Belgium – Premium Credit Cards Comparison and Key Features, 2016
Table 9: Belgium – Payment Instrument Transaction Values (EUR Billion), 2011–2015
Table 10: Belgium – Payment Instrument Transaction Values (US$ Billion), 2011–2015
Table 11: Belgium – Payment Instrument Transaction Volumes (Million), 2011–2015
Table 12: Belgium – Number of Payment Cards in Circulation by Type (Million), 2011–2020
Table 13: Belgium – Volume of Payment Card Transactions by Type (Million), 2011–2020
Table 14: Belgium – Value of Payment Card Transactions by Type (EUR Billion), 2011–2020
Table 15: Belgium – Value of Payment Card Transactions by Type (US$ Billion), 2011–2020
Table 16: Belgium – Number of Debit Cards in Circulation (Million), 2011–2020
Table 17: Belgium – Debit Card Transaction Volumes and Frequency by Channel, 2011–2020
Table 18: Belgium – Debit Card Total and Average Transaction Values by Channel, 2011–2020
Table 19: Belgium – Debit Card Total and Average Transaction Values by Channel, 2011–2020
Table 20: Belgium – Number of Debit Cards in Circulation by Scheme (Million), 2011–2015
Table 21: Belgium – Debit Card Transaction Values by Scheme (EUR Billion), 2011–2015
Table 22: Belgium – Debit Card Transaction Values by Scheme (US$ Billion), 2011–2015
Table 23: Belgium – Debit Card Transaction Values by Issuer (EUR Billion), 2011–2015
Table 24: Belgium – Debit Card Transaction Values by Issuer (US$ Billion), 2011–2015
Table 25: Belgium – Number of Pay Later Cards in Circulation (Million), 2011–2020
Table 26: Belgium – Pay Later Card Transaction Volumes and Frequency by Channel, 2011–2020
Table 27: Belgium – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020
Table 28: Belgium – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020
Table 29: Belgium – Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011–2015
Table 30: Belgium – Pay Later Card Transaction Values by Scheme (EUR Billion), 2011–2015
Table 31: Belgium – Pay Later Card Transaction Values by Scheme (US$ Billion), 2011–2015
Table 32: Belgium – Pay Later Card Transaction Values by Issuer (EUR Billion), 2011–2015
Table 33: Belgium – Pay Later Card Transaction Values by Issuer (US$ Billion), 2011–2015
Table 34: Belgium – Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011–2020
Table 35: Belgium – Personal and Commercial Pay Later Card Transaction Values (EUR Billion), 2011–2020
Table 36: Belgium – Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011–2020
Table 37: Belgium – Number of Commercial Pay Later Cards in Circulation (Thousand), 2011–2020
Table 38: Belgium – Commercial Pay Later Card Transaction Volumes (Million), 2011–2020
Table 39: Belgium – Commercial Pay Later Card Transaction Values (EUR Billion), 2011–2020
Table 40: Belgium – Commercial Pay Later Card Transaction Values (US$ Billion), 2011–2020
Table 41: Belgium – Number of Prepaid Cards in Circulation (Million), 2011–2020
Table 42: Belgium – Prepaid Card Transaction Values (EUR Million), 2011–2020
Table 43: Belgium – Prepaid Card Transaction Values (US$ Million), 2011–2020

LIST OF FIGURES

Figure 1: Belgium – Payment Instrument Shares by Transaction Value (%), 2011 vs. 2015
Figure 2: Belgium – Payment Instrument Shares by Transaction Volume (%), 2011 vs. 2015
Figure 3: Belgium – E-Commerce Value, 2011–2020
Figure 4: Belgium – E-Commerce Payment Methods, 2015
Figure 5: Belgium – Population
Figure 6: Belgium – Economic Indicators
Figure 7: Belgium – ATMs and POS Terminals
Figure 8: Belgium – Household Consumption
Figure 9: Belgium – Growth in Payment Card Transaction Values by Type, 2011–2020
Figure 10: Belgium – Number of Cards in Circulation by Type, 2011–2020
Figure 11: Belgium – Debit Card Penetration, 2015
Figure 12: Belgium – Turnover Per Debit Card, 2015
Figure 13: Belgium – Debit Card Scheme Share in Terms of Transaction Value, 2015
Figure 14: Belgium – Debit Card Issuer Share in Terms of Transaction Value, 2015
Figure 15: Belgium – Pay Later Card Penetration, 2015
Figure 16: Belgium – Turnover Per Pay Later Card, 2015
Figure 17: Belgium – Pay Later Card Scheme Share in Terms of Transaction Value, 2015
Figure 18: Belgium – Pay Later Card Issuer Share in Terms of Transaction Value, 2015
Figure 19: Belgium – Number of Prepaid Cards In Circulation, 2011–2020
Figure 20: Belgium – Prepaid Cards Transaction Value, 2011–2020

COMPANIES MENTIONED

BNP Paribas Fortis
Belfius Bank
ING Belgium
KBC Bank
Credit Mutuel (Beobank)
Bancontact
Visa
MasterCard
American Express
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