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Science & Technology

Pandemic accelerates m-commerce in Belgium – forecast

Jul 22, 2020

Despite COVID-19 has hit the Belgian economy hard, it should give the hospitality sector and the payments industry boost

m-commerce Belgium

Pandemic accelerates m-commerce in Belgium – forecast. Source: pixabay.com

According to GlobalData, m-commerce is expected to be one of the beneficiaries of the pandemic in Belgium, as bars and restaurants are reopening.

The report forecasts a compound annual growth rate of 19.4% in transaction value up to 2023 and a growth of 26.3% in 2020, as consumers look for contactless payment methods.

Bars, restaurants, and gyms reopened in early June and swimming pools, spas, and events with an audience of up to 200 opened from the beginning of July. These developments will provide employment opportunities and increase consumer spending, which in turn will support the payments industry
Ravi Sharma, Payments Analyst at GlobalData

We’ve reported that Coca-Cola Freestyle dispensers?will allow?consumers to buy a drink by instructing a?machine?to pour it for them using a phone. The company eliminates the need for signing up for a membership or downloading an app.

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