Market Share of Belgium Payments Industry
The payments market in Belgium is significantly fragmented, encompassing a considerable level of competition. The companies operating in the market are undertaking various initiatives to increase their market presence, contributing to the market growth. Moreover, promising efforts by the government to propel digital payments will also increase the competition in the market over the coming years.
February 2022 - The government of Belgium drafted a law stating that all brick-and-mortar businesses will have to offer at least one means of electronic payment to consumers from the 1st of July 2022.
January 2021 - Payment service provider Buckaroo announced its expansion into Belgium by offering online payment services.
Belgium Payments Market Leaders
Bancontact Payconiq Company
America Express Company
Visa Inc.
PayPal Payments Private Limited
Sofort UK Limited.
*Disclaimer: Major Players sorted in no particular order
