Key Market Indicators
Belgium is set to have 4.5 billion payment terminals by 2026, up from 4.1 billion in 2021, growing at an average of 1.9% year on year. Since 2012, Belgian supply has risen by 3.4% annually. In 2021, Belgium was placed 18th in the ranking, with Mexico first at 4.1 billion units. China, Brazil, and the UK followed in second, third, and fourth place respectively. In terms of payment transactions, Belgium is set to reach $8.9 trillion by 2026 from $8.4 trillion in 2021, with an average growth of 1.4% year on year. Since 2012, Belgian demand has increased by 2.8% annually. In 2021, Belgium came in 16th, with Italy ahead at $8.4 trillion. The US, UK and Germany occupied the second, third and fourth spots respectively.
Belgium Payments Market Data and Forecasts
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