The number of payments by cards with a credit function in Belgium has shown fluctuations over the past decade. In 2023, the volume stood at 101.58 million units, an increase of 1.87% year-on-year. Historical data indicate varied year-on-year changes, with notable declines in 2019 (-1.52%) and 2020 (-15.25%) offset by significant increases in 2016 (9.09%) and 2021 (29.07%). The Compound Annual Growth Rate (CAGR) over the last five years was measured at 1.28%. From 2024 to 2028, forecasts suggest a steady growth with a forecasted 5-year CAGR of 1.43%, resulting in an overall growth rate of 7.34%.

Future trends to monitor:

The impact of digital payment alternatives on credit card usage.
Economic conditions affecting consumer spending and credit card payments.
Technological advancements in payment systems, including contactless and mobile payments.
Regulatory changes in the financial sector which could influence credit card market dynamics.