Forecast: Value of E-money Payments in Belgium

From 2013 to 2023, the value of e-money payments in Belgium experienced significant volatility. The value stood at 1810.0 Million USD in 2023, marking a 5.25% increase from the previous year, while the compound annual growth rate (CAGR) over the last 5 years reached 3.59%. Significant growth was recorded between 2016 and 2018, with annual increases ranging from 37% to 73%. However, declines were noted in 2019 and 2020, with respective year-on-year decreases of 5.27% and 11.46%. The overall trend suggests a slowing growth rate leading into 2023.

Future trends to watch for:

• The forecasted CAGR for the next 5 years is projected at 3.61%, indicating steady but moderate growth.
• Shifts in consumer behavior and technological advancements could drive or hinder this growth.
• Regulatory changes within the EU and adaptations by financial institutions may also impact e-money trends.