Warning: exif_imagetype(https://www.feiyo.top/wp-content/uploads/2019/05/belgium.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.feiyo.top/wp-content/uploads/2019/05/belgium.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3336

Warning: exif_imagetype(https://www.feiyo.top/wp-content/uploads/2019/05/belgium.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.feiyo.top/wp-content/uploads/2019/05/belgium.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3336

Warning: exif_imagetype(https://www.feiyo.top/wp-content/uploads/2020/06/Q2BAN0027.png): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.feiyo.top/wp-content/uploads/2020/06/Q2BAN0027.png): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3336

Warning: exif_imagetype(https://www.feiyo.top/wp-content/uploads/2020/06/Q2BAN0027.png): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.feiyo.top/wp-content/uploads/2020/06/Q2BAN0027.png): failed to open stream: Connection refused in /home/deploy/sites/www.feiyo.top/wp-includes/functions.php on line 3336

Nice88 bet sign up bonus.Royal meaning in Urdu,Jilievo 666

Finance & Economics

Growing unemployment rate in Belgium to affect payments?

Jun 01, 2020

Belgians are shifting to contactless and online payments amid the pandemic

Belgium

Growing unemployment rate in Belgium to affect payments. Source: unsplash.com

GlobalData found that the coronacrisis has caused large-scale unemployment in Belgium. The report expects it to result in declining consumer disposable income and expenditure.

As of the end of April 2020, about nearly 98,000 workers in Brussels have applied for temporary unemployment.

Retail customers and small businesses are particularly vulnerable due to falls in consumer disposable income. To ease the burden, banks are offering various relief measures. For instance, IG Bank and BNP Paribas Fortis are allowing eligible customers to defer mortgage payments for a period of six months
Ravi Sharma, Payments Analyst at GlobalData

According to a statement, cash payments across the country are set to decline, compared to contactless and online payments.

The study also highlighted that such mobile wallets as Apple Pay and Payconiq are expected to benefit from a growth in contactless payments.

We’ve reported that Contactless payments in Ireland will increase amid COVID-19’s fears

SEE ALSO:

Pay Space

7166 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.