In 2023, the number of cards with a cash function in Belgium stood at 24.78 million units. As we are currently in 2024, the forecasted values indicate a steady increasing trend in the number of such cards. By 2024, it is anticipated to rise to 25.01 million units, followed by 25.24 million in 2025, 25.47 million in 2026, 25.7 million in 2027, and 25.92 million units in 2028. This suggests a consistent year-on-year percentage growth.
- 2024: 0.93% increase from 2023
- 2025: 0.92% increase from 2024
- 2026: 0.91% increase from 2025
- 2027: 0.90% increase from 2026
- 2028: 0.86% increase from 2027
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is estimated to be around 0.90%, reflecting a steady but slow growth in the volume of cards with a cash function in Belgium over this period.
Future trends to watch for include the potential impact of digital payment alternatives gaining traction and the evolving regulatory environment that could introduce changes to banking and financial services, potentially affecting the adoption rates of cash-function enabled cards.
