Key Market Indicators
French Credit Card Transactions are projected to plummet to approximately $5.9 billion by 2028, down from $44.6 billion in 2023. This marks a staggering average annual decline of 30.5%. The downward trend has been ongoing since 2019, with French demand decreasing by 13.8% year on year. In 2023, France ranked 15th globally in credit card transactions, with Russia surpassing it at $44.6 billion. South Korea, Japan, and Canada secured the 2nd, 3rd, and 4th positions, respectively. The number of credit cards in France also saw a significant decline. In 2018, there were approximately 3.6 million credit cards in circulation, down 9.2% from 2017's figure of around 4 million units.
