Payment methods in Belgium

Europe

5methods

15banks

The Belgian e-commerce market is worth US$16 billion a year. By 2027, that will rise to US$23 billion.

Market takeaways

The Belgian e-commerce market is worth US$16 billion a year. By 2027, that will rise to US$23 billion.
The average Belgian online shopper spends US$1,492 a year with online merchants. By 2027, this will rise to US$2,043.
Belgians use mobile devices to make almost 40% of their online purchases, up from just 21% as recently as 2020.
Belgians use digital payment methods in half of their online transactions, with bank transfers alone used in almost one fifth.
Over 30% of all the items Belgians buy online, worth US$4.7 billion, come from merchants outside the country.

Population

11.6M

Online population

10.3M

B2C e-commerce

$12.4B

Banked population

99%

Credit card population

55%

E-commerce of total retail

10%

Payment method breakdown

Card47%
Cash3%
Bank Transfer17%
E-Wallet15%
Other18%

Card scheme breakdown

Visa6%
Mastercard15%
American Express1%
Local schemes78%
Other0%

Cross-border e-commerce

Cross-border shoppers

80%

Share of e-commerce

31%

Cross-border value (est.)

$4.7B

Featured payment methods in Belgium

All payment methods available in this market, sorted by prominence.

Bancontact / Payconiq

Belgium's dominant national debit and QR/app payment scheme used in stores and online checkouts. Operator: Bancontact Payconiq Company. Est. users: 2.5B payments in 2024; ~15M cardholders.

Trustly

Swedish open-banking "Pay by Bank" method letting shoppers pay online directly from their bank account. Operator: Trustly Group AB. Est. users: 112M+ consumers have used it (2024); ~$100B TPV 2024.

Scalapay

Italian buy-now-pay-later provider offering interest-free instalments at online and in-store checkouts. Operator: Scalapay S.r.l. / Incremento SPV. Est. users: 4M active customers (2024).

Wero

Pan-European bank-backed digital wallet built on SEPA instant payments, replacing schemes like Paylib and iDEAL. Operator: European Payments Initiative (EPI Company). Est. users: 14M+ users (early 2025).

FLOA Pay

French BNP Paribas-owned buy-now-pay-later service offering instalment and deferred payments across Europe. Operator: FLOA SA (BNP Paribas). Est. users: 4M+ customers (2024).

Featured banks in Belgium

All banks operating in this market, sorted by prominence.

BNP Paribas

Paris, France

BNP Paribas is France's largest bank and a global top-10 financial institution, providing retail, corporate, and investment banking, insurance, and asset management across 65 countries.

ING Group

Amsterdam, Netherlands

ING Group is the Netherlands' largest bank and a leading European financial institution. It operates a digital-first universal banking model across Europe and globally.

KBC Group

Brussels, Belgium

KBC Group is a Belgian banking-insurance company with a strong presence in Belgium, Czech Republic, Slovakia, Hungary, Bulgaria, and Ireland.

BNP Paribas Fortis

Brussels, Belgium

BNP Paribas Fortis is Belgium's largest bank, a subsidiary of BNP Paribas, offering retail, business, and corporate banking across Belgium and Luxembourg.

ABN AMRO

Amsterdam, Netherlands

ABN AMRO is the Netherlands' third-largest bank, focusing on retail, private, and corporate banking primarily in the Netherlands and Northwest Europe.

Belfius Bank

Brussels, Belgium

Belfius is a Belgian state-owned bank and insurance company, focusing on Belgian retail clients, local governments, social economy, and public sector financing.

ING Belgium

Brussels, Belgium

ING Belgium is the Belgian subsidiary of ING Group, offering retail, private, and business banking with a strong digital-first approach.

Crédit Mutuel

Strasbourg, France

Crédit Mutuel is one of France's largest cooperative banking groups, offering retail, business, and insurance products. It is the second-largest French cooperative bank with 36 million clients.

Bunq

Amsterdam, Netherlands

Bunq is a Dutch neobank founded in 2012, operating across Europe as one of the continent's fastest-growing challenger banks, known for its eco-friendly and multi-currency features.

Triodos Bank

Zeist, Netherlands

Triodos Bank is a Dutch ethical bank that exclusively finances sustainable and social enterprises. It operates in the Netherlands, Belgium, UK, Germany, Spain, and France.

Argenta

Antwerp, Belgium

Argenta is a Belgian cooperative bank focused on private individuals and families, offering savings, investment, and mortgage products.

Van Lanschot Kempen

's-Hertogenbosch, Netherlands

Van Lanschot Kempen is the Netherlands' oldest independent bank, specialising in private banking and wealth management for high-net-worth individuals.

NIBC Bank

The Hague, Netherlands

NIBC is a Dutch specialist bank focusing on corporate banking for mid-market companies and consumer lending. It is known for its niche expertise in mortgages, energy, and shipping finance.