In 2023, China held a dominant position in the global number of cards with a cash function, representing a significant share. India and the United States followed but with far smaller shares. Notably, countries like Brazil, Russia, and Indonesia have shown varied trends, with Brazil experiencing a slight decrease, while Russia and Indonesia noted increases. European countries such as Italy and Germany saw positive growth, whereas France experienced a decline.
Looking ahead, key trends to watch include:
- The continued growth in Asian markets, particularly India and China, driven by increased digitalization and financial inclusion efforts.
- The impact of evolving payment technologies, which may reduce reliance on traditional cash-function cards, influencing numbers in developed countries.
- Potential policy changes and economic conditions affecting consumer behavior in emerging markets.
Top countries in Number of Cards with a Cash Function Share by Country (Thousand Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 66.73 | 2023 | +3.25% | +2.95% | View data |
| 2 | 2 India | 8.94 | 2023 | +3.78% | +3.91% | View data |
| 3 | 3 United States | 7.75 | 2023 | +0.72% | +0.4% | View data |
| 4 | 4 Brazil | 2.58 | 2023 | -0.0032% | -0.052% | View data |
| 5 | 5 Japan | 2.37 | 2023 | -1.41% | -1.58% | View data |
| 6 | 6 Russia | 2.29 | 2023 | +1.84% | +2.01% | View data |
| 7 | 7 Indonesia | 1.61 | 2023 | +3.06% | +3.45% | View data |
| 8 | 8 Mexico | 1.48 | 2023 | +1.44% | +1.45% | View data |
| 9 | 9 United Kingdom | 1.35 | 2023 | +0.19% | +0.22% | View data |
| 10 | 10 Germany | 1.21 | 2023 | +0.76% | +0.75% | View data |
