The number of cards with a debit function per inhabitant in Belgium stood at 1.62 in 2023. Forecast data indicates a steady increase from 2024 to 2028, with values rising from 1.63 to 1.68. The year-on-year growth rates are relatively stable, showing slight increases each year: 0.61% in 2024, 0.61% in 2025, 1.22% in 2026, 0.60% in 2027, and 0.60% in 2028. The compound annual growth rate (CAGR) for this period is projected to be approximately 0.74%.
Future trends to watch for include the impact of digital payment technologies on debit card usage, the influence of regulatory changes, and the evolving preferences of younger demographics towards non-traditional banking methods.
