Research and Markets: Belgium's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/xvzgkm/belgiums_cards) has announced the addition of the "Belgium's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape" report to their offering.

Belgian card payments registered positive growth during the review period (2009-2013), recording a compound annual growth rate (CAGR) of 3.30% to reach 39.1 million cards in circulation by the end of 2013. In terms of transaction value, payment cards accounted for EUR121.7 billion (US$161.3 billion) in 2013, after registering a review-period CAGR of 5.95%. The transaction value is expected to grow over the forecast period (2014-2018), at a CAGR of 5.96%.

Improvements to banking infrastructure and the installation of point of sale (POS) terminals at merchant outlets were the payment cards instrument's key growth drivers. In terms of transaction value, debit cards accounted for a market share of 89% in 2013; the highest among payment cards, a situation that is expected to continue over the forecast period. Charge cards accounted for the second-highest position, followed by credit cards, while prepaid cards accounted for the lowest share of 0.2% in terms of transaction value in 2013.

During the review period, card fraud in Belgium declined at a CAGR of -6.85% in terms of transaction value, from EUR28.8 million (US$40.0 million) in 2009 to EUR21.7 million (US$28.8 million) in 2013. One of the main drivers was the implementation of EMV (Europay, MasterCard and Visa) compliance. Belgium was one of the first single euro payments area (SEPA) countries to migrate to chip-embedded cards in 2001, and eradicated traditional magnetic strips completely. Moreover, from 2011, Belgian banks implemented geo-blocking which involves restricting Maestro functions or debit card use without chip-and-PIN verification in European countries. This helped reduce skimming activity and therefore, counterfeit card fraud declined at the highest CAGR of -18.30% of all card fraud types during the review period.

Key Topics Covered:

1 Executive Summary

2 Analysis of Market Environment, Key Trends and Drivers

3 Cards and Payments Industry Share Analysis

4 Regulatory Framework and Card Fraud Statistics

5 Emerging Consumer Attitudes and Trends

6 Analysis of Payment Cards and Growth Prospects

7 Analysis of Credit Cards Market and Growth Prospects

8 Analysis of Debit Cards Market and Growth Prospects

9 Analysis of Charge Cards Market and Growth Prospects

10 Analysis of Prepaid Cards Market and Growth Prospects

11 Merchant Acquiring

12 Company Profiles of Card Issuers

  • BNP Paribas Fortis
  • KBC Bank NV
  • Belfius Bank
  • ING Belgium
  • Beobank
  • Bancontact/Mister Cash
  • MasterCard
  • Visa
  • American Express
  • Diners Club

For more information visit http://www.researchandmarkets.com/research/xvzgkm/belgiums_cards

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Banking and Financial Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Banking and Financial Services