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Capital Brussels -
Urban population 98.3% -
Population 11.8 M -
Median age 41.9 Yr
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GDP 632.4 Bn USD -
Official language French, Dutch, German -
Currency EUR
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E-commerce market revenue 15.7 Bn USD -
E-commerce growth 27.4%
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Online shopping habits Majority of online payments in Belgium are done with Local Payment Methods.
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People with mobile phone (% age 15+)95%
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People with internet access (% age 15+)95%
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People with bank account (% age 15+)95%
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People with credit card (% age 15+)49.8%
- Card payments
- Online banking
- Wallets
- Other
Belgium is a highly developed and diversified economy. It can offer a wide range of opportunities for international merchants:
● Payment methods in Belgium are diverse: While Bancontact is the most widely used online payment method in Belgium, credit cards and PayPal are also playing a significant role. Online Banking payment solutions like Payconiq by Bancontact are becoming increasingly popular.
● Almost 80% of adult Belgians are shopping online regularly, and it is expected that the pool of online shoppers will continue to rise. The e-commerce industry is expected to expand rapidly and surpass a staggering 41.3 billion USD by 2029.
● Belgian has an excellent digital infrastructure: >95% of the adult population are having access to the Internet, as well as using mobile phones.
Belgium being at the heart of Europe and having a rapidly growing e-commerce industry, is a market not to miss for any international merchant.
