![]() ![]() Cards are only used for an estimated 29% of ecommerce payments, equally divided over credit and debit cards. Popular APMs: Klarna, Paytrail, MobilePay, Siirto, OP, Jousto, WalleyĪlternative payment methods represent a majority of ecommerce payments in Finland. Bancontact, formerly Mister Cash, is the domestic debit brand that is issued widely in the country.ĥ.2 Estimated Finnish payment market share 2021-2026 Payment methods CEC is the retail payment system which processes domestic payments within the country. As in the Netherlands, key online sellers include Coolblue, Bol and Zalando.įor bank payments, the Centre for Exchange and Clearing (CEC) and TARGET2 form the core of the Belgian payment infrastructure. Ecommerce as a percentage of total sales is relatively low compared to other Western European markets. They have strong potential in markets such as Germany, where bank transfer payment methods are preferred.Īlthough payment cards are predominantly used for ecommerce payments in Belgium, digital wallets, bank payments, and BNPL are all set to gain market share from cards over the next five years. Open banking payments are growing rapidly in the UK and show high conversion rates. ![]() Where there is a strong national bank transfer scheme, it typically dominates ecommerce market share – for example Blik in Poland, iDEAL in Netherlands and Swish in Sweden. Even in card-centric markets such as the UK and France, overall market share of payment cards is expected to decrease as bank and digital wallet payments grow.
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