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Payment methods in Belgium

Here are the top takeaways you need to know about the Belgium e-commerce market:

The Belgian e-commerce market is worth US$16 billion a year. By 2027, that will rise to US$23 billion.
The average Belgian online shopper spends US$1,492 a year with online merchants. By 2027, this will rise to US$2,043.
Belgians use mobile devices to make almost 40% of their online purchases, up from just 21% as recently as 2020.
Belgians use digital payment methods in half of their online transactions, with bank transfers alone used in almost one fifth.
Over 30% of all the items Belgians buy online, worth US$4.7 billion, come from merchants outside the country.

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Population

Online Population

B2C E-commerce

Banked Population

Credit Card Population

E-commerce of Total Retail

Payment Method Breakdown

Card 47%
Cash 3%
Bank Transfer 17%
E-Wallet 15%
Other 18%

[{"label":"Card","value":"47"},{"label":"Cash","value":"3"},{"label":"Bank Transfer","value":"17"},{"label":"E-Wallet","value":"15"},{"label":"Other","value":"18"}]

Payment Methods in Belgium

Bancontact Local Card Consumer countries:

Payconiq Wallet Consumer countries:

Trustly Bank transfer Consumer countries:

Card Scheme Breakdown

Visa 6%
Mastercard 15%
American Express 1%
Local schemes 78%
Other 0%

[{"label":"Visa","value":"6"},{"label":"Mastercard","value":"15"},{"label":"American Express","value":"1"},{"label":"Local schemes","value":"78"},{"label":"Other","value":"0"}]

Cross-Border E-Commerce

Online shoppers who have shopped cross-border

Cross-border proportion of total e-commerce

4.7 bn $US

Value of cross-border e-commerce

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Top cross-border shopping origin markets