Key Market Indicators
Germany's credit card transaction volume is projected to hit approximately $12.1 billion by 2028, up from around $10.4 billion in 2023. This marks an average annual growth rate of 2.4%. Since 2017, the demand for credit card transactions in Germany has seen an annual increase of 2.5%. In the global rankings for 2023, Germany held the 18th position, with Indonesia surpassing it with a transaction volume of $10.4 billion. South Korea, Japan, and Canada secured the 2nd, 3rd, and 4th spots, respectively. Parallelly, the number of credit cards in Germany is anticipated to reach 7 million units by 2028, rising from 6.3 million units in 2023. This reflects an average yearly growth rate of 1.7%. Since 2017, the supply of credit cards in Germany has grown by 2% annually. In the 2023 rankings, Germany was positioned 18th, with Sweden overtaking it with 6.3 million units. China, Japan, and Brazil held the 2nd, 3rd, and 4th positions in this category.
