In 2023, the number of cards with an e-money function in Japan stood at 463.80 million units. The forecast data predicts a steady increase, reaching 533.96 million units by 2028. Year-on-year growth between 2024 and 2025 is approximately 3.01%, continuing with a similar upward trend through 2026, 2027, and 2028 with respective increases of 2.87%, 2.74%, and 2.61%. The compound annual growth rate (CAGR) over the next five years is estimated to be 2.80%.
Future trends to watch for include:
• Increasing consumer adoption of digital payment solutions.
• Potential technological advancements in e-money functionalities.
• Regulatory changes impacting digital transactions and financial tech.
• Competitive market dynamics including new entrants and innovative offerings.