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Emerging Opportunities in Belgiums Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

Published By :

Timetric

Published Date : Apr 2013

Category :

Banking

No. of Pages : 84 Pages


Synopsis

The report provides market analysis, information and insights into Belgiums cards and payments market, including:

Current and forecast values for each category of Belgiums cards and payments industry including debit cards, credit cards, prepaid cards and charge cards
Comprehensive analysis of the industrys market attractiveness and future growth areas
Analysis of various market drivers and regulations governing Belgiums cards and payments industry
Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by various bankers and other institutions in the market
Comprehensive analysis of consumer attitudes and their buying preferences for cards
Competitive landscape of Belgiums cards and payments industry

Summary

Belgiums economy is highly developed and one of the most globalized in the world. This and its strong transport infrastructure mean that Belgium is well integrated with the rest of the Europe. However, the global financial crisis caused a sharp economic slowdown which meant that the government had to implement a fiscal stimulus package to support the economy and financial system. Economic recovery has, however, been uneven due to structural weaknesses such as a rigid labor market and high taxation, hindering international competitiveness. Belgiums card industry as a whole grew at a CAGR of 3.87% during the review period and is expected to post a CAGR of 3.31% over the forecast period. Growth was mainly driven by the prepaid card category, which recorded a CAGR of 4.87%, followed by debit cards with a CAGR of 2.53%, and charge and credit cards which grew at respective CAGRs of 1.70% and 1.84%.

Scope

  • This report provides a comprehensive analysis of Belgiums cards and payments industry
  • It provides current values for Belgiums cards and payments industry for 2012 and forecast figures for 2017
  • It details the different macroeconomic, infrastructural, consumer and business drivers affecting Belgiums cards and payments industry
  • It outlines the current regulatory framework in the industry
  • It details the marketing strategies used by various bankers and other institutions
  • It profiles the major banks in Belgiums cards and payments industry
Reasons To Buy

  • Make strategic business decisions using historic and forecast market data related to Belgiums cards and payments industry and each market within it
  • Understand the key market trends and growth opportunities within Belgiums cards and payments industry
  • Assess the competitive dynamics in Belgiums cards and payments industry
  • Gain insights into the marketing strategies used for selling various types of cards in Belgium
  • Gain insights into key regulations governing Belgiums cards and payments industry
Key Highlights

  • Belgiums card industry as a whole grew at a CAGR of 3.87% during the review period and is expected to post a CAGR of 3.31% over the forecast period. Growth was mainly driven by the prepaid card category, which recorded a CAGR of 4.87%, followed by debit cards with a CAGR of 2.53%, and charge and credit cards which grew at respective CAGRs of 1.70% and 1.84%.
  • In volume terms, the industry grew at a CAGR of 3.87% during the review period, from 45.8 million cards in circulation in 2008 to 53.4 million in 2012. In value terms, the industry grew at a CAGR of 6.81% during the review period, from EUR91.8 billion (US$135.0 billion) in 2008 to EUR119.4 billion (US$153.6 billion) in 2012. 
  • The increasing capabilities of smartphones, a substantial rise in mobile apps and falling prices have been instrumental in driving m-commerce. 
  • The emergence of near-field communication (NFC) technology, EMV cards and rising internet penetration have enhanced the ways in which consumers transact, and in 2012, Belgium registered 100% migration towards EMV-compliant cards.
Table of Content

1 Executive Summary

2 Market Attractiveness and Future Prospects of the Cards and Payments Industry

3 Analysis of Belgian Cards and Payments Industry Drivers
3.1 Infrastructure Drivers
3.1.1 Contactless and NFC technology as payment terminals
3.1.2 Mister Cash online payment method
3.1.3 Increasing acceptance of EMV cards
3.1.4 Rising internet penetration
3.1.5 Growing number of ATMs
3.1.6 Growing number of POS terminals
3.2 Business Drivers
3.2.1 Retail sector
3.2.2 Growing mobile commerce
3.2.3 Growth in e-commerce
3.2.4 Outbound business and leisure travel
3.3 Other Growth Drivers
3.3.1 GDP growth
3.3.2 Inflation rate
3.3.3 Urban and rural populations
3.4 Card Fraud Statistics
3.5 Regulatory Framework
3.5.1 SEPA cards framework
3.5.2 Anti-money laundering

4 Emerging Consumer Attitudes and Trends
4.1 Market Segmentation and Targeting
4.1.1 Students and the younger population
4.1.2 High net worth individuals (HNWIs)
4.1.3 Outbound leisure and business tourists
4.2 Corporate Users
4.2.1 Businesses and departments
4.3 Consumer Preference
4.3.1 Price
4.3.2 Services
4.3.3 Convenience
4.4 Online Buying Behaviour
4.5 Preferred Payment Methods

5 Competitive Landscape and Industry Dynamics
5.1 Market Share Analysis by Payment Channels
5.1.1 Cash transactions
5.1.2 Credit transfers
5.1.3 Direct debit
5.1.4 Card payments
5.1.5 Check payments
5.2 Debit Cards
5.2.1 By bank
5.2.2 By scheme
5.3 Credit Cards
5.3.1 By bank
5.3.2 By scheme
5.4 Charge Cards

6 Strategies Adopted by Key Operators
6.1 Market entry strategies
6.2 Marketing and Product Strategies
6.2.1 Credit cards
6.2.2 Debit cards
6.2.3 Prepaid cards
6.3 Pricing Strategies
6.3.1 Comparison of the credit card pricing strategies of Belfius Bank and Citibank
6.3.2 Pricing details of debit cards and prepaid cards of various service providers

7 Market Size and Growth Potential of the Payment Card Industry
7.1 Market Share Analysis by Type of Card
7.2 Total Market Size and Forecast for the Card Industry
7.2.1 Analysis by number of cards
7.2.2 Analysis by transaction value
7.2.3 Analysis by transaction volume
7.3 Debit Card Category Size and Forecast
7.3.1 Analysis by number of cards
7.3.2 Analysis by transaction value
7.3.3 Analysis by transaction volume
7.3.4 Other key performance indicators
7.4 Prepaid Card Category Size and Forecast
7.4.1 Analysis by segment - open- and closed-loop cards
7.4.2 Analysis by transaction value
7.5 Charge Card Category Size and Forecast
7.5.1 Analysis by number of cards
7.5.2 Analysis by transaction value
7.5.3 Analysis by transaction volume
7.5.4 Frequency of use
7.6 Credit Card Category Size and Forecast
7.6.1 Analysis by number of cards
7.6.2 Analysis by transaction value
7.6.3 Analysis by transaction volume
7.6.4 Other key performance indicators

8 Company Profiles, Product, and Marketing Strategies
8.1 KBC Bank
8.1.1 Strategies
8.1.2 KBC Bank, key financials
8.2 Belfius Bank
8.2.1 Strategies
8.2.2 Belfius Bank, key financials
8.3 ING Belgium
8.3.1 Strategies
8.3.2 ING Belgium, key financials

9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.3.1 Timetrics approach
9.4 Services
9.5 Disclaimer

List of Table


Table 1: Belgian Payment Channels (EUR Million), 2008-2012
Table 2: Belgian Cards Industry by Type of Card (Thousands), 2008-2017
Table 3: Belgian Cards Industry Size by Volume (Thousands), 2008-2017
Table 4: Belgian Cards Industry Size by Transaction Value (EUR Million), 2008-2017
Table 5: Belgian Cards Industry Size by Transaction Value (US$ Million), 2008-2017
Table 6: Belgian Cards Industry Size by Transaction Volume (Million), 2008-2017
Table 7: Belgian Debit Card Category Size (Thousands), 2008-2017
Table 8: Belgian Debit Card Category Size (EUR Million), 2008-2017
Table 9: Belgian Debit Card Category Size (US$ Million), 2008-2017
Table 10: Belgian Debit Card Category Size by Transaction Volume (Million), 2008-2017
Table 11: Belgian Debit Card Category Size by Frequency of Use (Annual Transactions Per Card), 2008-2017
Table 12: Belgian Prepaid Card Category Size (Thousands), 2008-2017
Table 13: Belgian Open-Loop Prepaid Cards Segment Size (Thousands), 2008-2017
Table 14: Belgian Closed-Loop Prepaid Cards Segment Size (Thousands), 2008-2017
Table 15: Belgian Prepaid Cards Category Size (EUR Million), 2008-2017
Table 16: Belgian Prepaid Cards Category Size (US$ Million), 2008-2017
Table 17: Belgian Charge Card Category Size (Thousands), 2008-2017
Table 18: Belgian Charge Card Category Size (EUR Million), 2008-2017
Table 19: Belgian Charge Card Category Size (US$ Million), 2008-2017
Table 20: Belgian Charge Card Category Size by Transaction Volume (Million), 2008-2017
Table 21: Belgian Charge Card Category Size by Frequency of Use (Annual Transactions Per Card),
Table 22: Belgian Credit Card Category Size by Volume (Thousands), 2008-2017
Table 23: Belgian Credit Card Category Size by Transaction Value (EUR Million), 2008-2017
Table 24: Belgian Credit Card Category Size by Transaction Value (US$ Million), 2008-2017
Table 25: Belgian Credit Card Category Size by Transaction Volume (Million), 2008-2017
Table 26: Belgian Credit Card Category Size by Frequency of Use (Annual Transactions Per Card), 2008-2017
Table 27: Belgian Credit Card Category Size by Average Transaction Value (EUR), 2008-2017
Table 28: Belgian Credit Card Category Size by Average Transaction Value (US$), 2008-2017
Table 29: KBC Bank - Key Financial Indicators, 2010-2011
Table 30: Belfius Bank - Key Financial Indicators, 2010-2011
Table 31: ING Belgium - Key Financial Indicators, 2010-2011

List of Chart


Figure 1: Growth of Various Card Categories in Belgium, Review and Forecast Periods
Figure 2: Growth Potential of the Belgian Cards and Payments Industry by Area of Use
Figure 3: Belgium Cards and Payments Industry Drivers
Figure 4: EMV Deployment in Belgium, March 2012
Figure 5: Internet Penetration in Belgium (%), 2008-2012
Figure 6: Number of ATMs in Belgium (Thousands), 2008

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