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

Published: December 2016
No. of Pages: 47
    ReportsandReports

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.

Published By: Timetric
Product Code: Timetric2737


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Household Insurance in the UK - Key Trends and Opportunities to 2020

    Synopsis Timetric's 'Household Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK household insurance, including: The UK household insurance business growth prosp...

  • Global Travel Insurance Industry 2016 Market Research Report

    The Global Travel Insurance Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Travel Insurance industry. The report provides a basic overview of the industry including definitions and classificat...

  • Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020

    Synopsis Timetric's 'Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK professional indemnity and D&O insurance, including: ...

  • The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021

    Synopsis Timetric's 'The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Cambodian cards and payments industry, including: Current an...

  • Global Automotive Usage-Based Insurance Market 2017-2021

    The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players owing to its growth potential and the emergence of smartphone app technology in a...

  • Consumer Payments Country Snapshot: Sweden 2016

    Summary Sweden has the potential to become the world's first cashless society. The use of cash is declining quickly in Sweden and over half of all bank branches no longer deal with cash-based transactions. Payment cards are widely held and widely us...

  • Maximizing Direct-to-Consumer Opportunities in Insurance

    Synopsis Timetric's 'Insight Report: Maximizing Direct-to-Consumer Opportunities in Insurance' analyzes the emerging importance of the direct-to-consumer (D2C) channel in the insurance industry. It provides: An overview of the D2C c...

  • Retail Banking Country Snapshot: Italy 2016

    Summary The market for financial products in Italy is less concentrated than in other countries. With the exception of Intesa Sanpaolo and UniCredit, few providers have a significant market share. Across all products, the branch is still the key acq...

  • 2017: Trends to Watch in Global Wealth Management

    Summary The wealth management industry has been undergoing transformation since the financial crisis, and 2017 will be another year marked with changes to business models and the way providers interact with clients. Many trends observed in 2016 will...

  • Global Loan Servicing Market 2017-2021

    Loan servicing software functions as a complete loan servicing system, transaction processing and banking, investor accounting, collection management system, credit reporting software, and electronic funds automated clearing house (ACH) payments and ...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: