Key Market Indicators
The number of credit cards in Argentina is projected to climb to approximately 76 million units by 2028, up from around 69 million in 2023, marking a compound annual growth rate (CAGR) of 1.5%. Since 2017, the supply of credit cards in the country has increased by 2% annually. In 2023, Argentina ranked 7th globally in the number of credit cards, with Canada surpassing it at 69 million units. China, Japan, and Brazil held the 2nd, 3rd, and 4th positions, respectively. In terms of credit card transactions, Argentina is expected to reach about $61 billion by 2028, growing from $56 billion in 2023, with a CAGR of 1.4%. Since 2017, the demand for credit card transactions in Argentina has risen by 3.3% per year. In 2023, the country ranked 10th globally, with Italy surpassing it at $56 billion. South Korea, Japan, and Canada were ranked 2nd, 3rd, and 4th, respectively.
