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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.
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"}]
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
80
Online shoppers who have shopped cross-border
31
Cross-border proportion of total e-commerce
4.7 bn
$US
Value of cross-border e-commerce
Top cross-border shopping origin markets