The number of cards with a payment function in Belgium saw fluctuations from 2013 to 2023, peaking at 27.02 million units forecasted in 2025. The value in 2023 stands at 26.27 million units. The year-on-year variation indicates inconsistencies, with significant drops in 2015 and 2020. However, the market showed recovery in 2021 with a remarkable 28.11% increase. The last five years' CAGR averaged 0.8%.
Future trends to watch for include:
- A forecasted CAGR of 0.92% over the next five years.
- An overall growth rate of 4.71% by 2028.
Potential developments may include advancements in digital payments, increased adoption of contactless technology, and initiatives to promote cashless transactions.
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