Market Trends and Innovations in the Belgian Payments Landscape

The last year may be marked as a tipping point for retail payments in Belgium and in Europe with the implementation of the Payment Services Directive (PSD2) and the wide range of innovative initiatives sparking off in the market. The changes these trends are inducing in business models, in combination with the emergence of instant payments, stablecoin systems and technological innovations, will increasingly shape the sector in the years ahead. Against this background of structural and strategic challenges, both public authorities and market actors need to carefully set out their future course. This article aims to facilitate this reflection by providing an overview of the key trends and innovations currently driving the transformation of the Belgian and European payments landscape.