General Observations

1. Card payments via point-of-sale bounced back in 2022 across the Benelux, experiencing the best performance yet, with year-over-year growth reaching ~20%.
2. Conversely, e/m-commerce payments in the Benelux slowed noticeably. Local payments such as iDeal dropped below 10% in growth for the first time in its history.

3. 30% of all in-store card payments in the Netherlands were contactless payments via smartphones & wearables in 2022, increasing the share by a whopping 10% in one year

4. Continuing to ride the pandemic tailwinds, 58%+ of Belgians used their smartphones to make QR-based mobile payments with a Payconiq mobile payment scheme in 2022

Please do not hesitate to contact Yuriy Kostenko at Yuriy@FlagshipAP.com with comments or questions.