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Belgium

Euro (EUR)

As of July 2022, all retailers in Belgium are legally required to offer at least one electronic payment method, as consumers have grown more comfortable with digital transactions, including card, mobile, and online payments. The Covid-19 pandemic accelerated the adoption of contactless payments to reduce physical contact.

Belgium flag

Population

11,592,952

Banked Population:

99.01%

Group 427321246

Main industries

Agriculture, Manufacturing, Finance, and Trade

Group 427321247

Main imports

Cars, Packaged Medicaments, Vaccines, Refined Petroleum, and Diamonds

Group 427321248

Main exports

Cars, Packaged Medicaments, Vaccines, Refined Petroleum, and Diamonds

GDP stats

$51,247

Per capita (USD)

6.1%

Growth annually

24

World ranking

Internet usage

93%

Smartphone usage

80%

Credit/debit card usage

46.8%

Population transacting electronically

83%

Group 427321245 1

Total volume of digital payments projected to reach

$31.61B (USD)

Bancontact Mister Cash

Online

VOUCHER

Payment Methods in Belgium

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