Digital payments continue to grow, especially among the younger generation

publish date
27 June 2024

Digital payments are gaining ground in Belgium and habits are evolving rapidly, particularly among young people. This generation is increasingly paying with a smartphone.

According to the latest Digital Payment Barometer, an Ipsos study conducted by the Vrije Universiteit Brussel on behalf of Febelfin, Bancontact Payconiq Company and several other players in the payment industry, the following trends can be noted:

  • 82 % of Belgians prefer digital payments.  
  • Almost one Belgian in two (49 %) has made at least one mobile payment this year (QR code and connected object added together). Particularly young people aged between 16 and 24 years use this payment method the most.  
  • 82 % of Belgians say they have paid contactless with their bank card at least once.  
  • 87 % of Belgians say they have already made an online purchase at least once, mainly with a debit card, bank or payment app & credit card.  

Read the full press release on the website of Febelfin here.