Forecast: Number of E-money Payments in Japan

In 2023, the number of E-money payments in Japan stood at 7.27 billion units. Forecasts project a steady growth in the number of E-money payments from 2024 to 2028, increasing from 7.55 billion units in 2024 to 8.68 billion units in 2028. The year-on-year variation indicates a consistent upward trend with an average annual growth rate (CAGR) of approximately 3.7% over this five-year period. Specifically, the expected increases for 2025, 2026, 2027, and 2028 are around 3.8%, 3.7%, 3.3%, and 3.3%, respectively.

Future trends to watch for include technological advancements in payment systems, increasing consumer and merchant adoption of E-money solutions, regulatory changes, and broader financial digitization efforts in Japan. These factors could further bolster the growth of E-money payments in the coming years.