Forecast: Number of E-money Payments in Belgium

From 2013 to 2018, the number of e-money payments in Belgium experienced significant fluctuations, with the highest growth observed in 2018 at 155.9%, following periods of both decline and growth. Post-2018, the market saw a decline, with notable decreases like -25.89% in 2019 and -19.77% in 2020. During 2021, e-money payments rebounded by 22.23%, but declined again by -8.03% in 2022, reaching 30.11 million units in 2023. Projecting forward from 2024, the volume is expected to gradually decrease, indicating a 5-year CAGR of -3.31% and a forecasted 15.48% decline by 2028.

Future Trends to Watch For:

- Increased adoption of new payment technologies such as contactless payments and blockchain.- Regulatory developments impacting the e-money sector.- The potential impact of digital banking trends and fintech innovations.- Consumer behavior shifts post-pandemic affecting payment preferences.