Based on the forecast data, the value of Direct Debit Transfers in Belgium is projected to grow steadily from 2024 to 2028. In 2023, the actual value stood at USD 167.89 billion. From 2024 onwards, the projected values show a year-on-year increase: USD 171.78 billion in 2024, USD 175.84 billion in 2025, USD 179.81 billion in 2026, USD 183.71 billion in 2027, and USD 187.52 billion in 2028.
The year-on-year percentage variations are as follows:
- 2024: 2.32% increase from 2023
- 2025: 2.36% increase from 2024
- 2026: 2.26% increase from 2025
- 2027: 2.17% increase from 2026
- 2028: 2.08% increase from 2027
Over the last two years, the overall percentage increase from 2023 to 2025 is approximately 4.75%, while the Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is around 2.24%.
Looking ahead, key trends to watch for include the increasing penetration of digital banking, potential regulatory changes, and evolving consumer preferences towards more automated and digital payment solutions. These factors could further influence the growth trajectory and adoption of direct debit transfers in Belgium.
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