The number of cards with a debit function in Germany stood at 112.59 million units in 2023. Historical trends indicate fluctuations, with notable dips and surges such as the substantial decline in 2020 followed by a significant increase in 2021. The average yearly growth (CAGR) over the past five years is 0.3%. Forecasted data shows a steady increase, with a predicted 1.44% growth rate from 2024 to 2028 and a CAGR of 0.29% over the same period.
Key Trends:
- Fluctuations in card usage, with a major dip in 2020 followed by recovery in subsequent years
- A general upward trend in the number of debit cards from 2021 onwards
Future Trends to Watch:
- The impact of digital payment solutions on physical debit card usage
- The influence of regulatory changes and technological advancements in the financial sector