Belgium

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Bancontact gives Belgium a strong domestic payment identity within the euro area. Local card and mobile checkout options sit alongside SEPA transfers and international networks, connecting merchants with an affluent resident market whose GDP per capita reached US$60,800 in 2025.

Alpha-3:BEL
NUM:056
Population
12M
GDP
$725B
GDP per Capita
$61K
GDP Growth
1.0%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Belgium

Cash covered 39% of Belgium's point-of-sale transactions in the European Central Bank's 2024 survey, continuing its decline. Bancontact and contactless cards offer alternatives, but notes still matter for small purchases and choice.

ATMs (PER 100K)
44.0
BANKS (PER 100K)
16.7
DEBIT CARDS (PER ADULT)
2.7
CREDIT CARDS (PER ADULT)
0.2
Compare

IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards