Key Market Indicators
The number of credit cards in Switzerland is projected to reach approximately 7.7 million units by 2028, up from 7.2 million units in 2023. This represents an average annual growth rate of 0.9%. Since 2017, the supply of credit cards in Switzerland has consistently increased at this same rate. In 2023, Switzerland ranked 16th globally in terms of the number of credit cards, with Singapore narrowly ahead at 7.2 million units. Leading the rankings were China, Japan, and Brazil, occupying the second, third, and fourth positions respectively. In terms of credit card transactions, Switzerland is expected to see a significant rise, reaching approximately $52.2 billion by 2028 from $47.8 billion in 2023. This growth corresponds to a compound annual growth rate (CAGR) of 1.3%. Since 2017, the demand for credit card transactions in Switzerland has increased at this same rate. In 2023, Switzerland held the 13th position globally, while Singapore surpassed it with $47.8 billion in transactions. South Korea, Japan, and Canada ranked second, third, and fourth in this category respectively.
