The value of payments by cards with a credit function in Switzerland in 2024 stands at 48.88 billion USD, marking the start of the foreseen period. For the subsequent years, it is forecasted to rise progressively, reaching 52.23 billion USD by 2028. This consistent annual growth indicates robust confidence in credit card usage in the Swiss market. Between 2024 and 2025, the value grows by approximately 1.7%, while between 2025 and 2026, it increases by about 1.7% as well. Continuing this trend, from 2026 to 2027 and 2027 to 2028, the growth remains steady around 1.64% and 1.58%, respectively. The Compound Annual Growth Rate (CAGR) over these five years averages a solid 1.70%, highlighting a stable upward trajectory.
Future Trends to Watch For:
- Technological advancements in payment systems, including mobile and contactless payments, that could affect the usage of traditional credit cards.
- Changes in consumer behavior towards credit utilization, influenced by economic conditions and regulatory changes.
- Increased focus on cybersecurity and fraud prevention, which could impact consumer trust and the overall value of card payments.
