Forecast: Value of Payments by Cards with a Credit Function in Germany

The value of payments by cards with a credit function in Germany was $10.41 billion in 2023. Between 2013 and 2023, there were notable fluctuations, with significant growth from $5.91 billion in 2013 to more than doubling by 2023. The year-on-year variation over the last two years shows a 3.21% increase in 2023 after a slight decline of 1.54% in 2022. The average annual growth rate (CAGR) for the last five years (2018-2023) stands at 2.54%, indicating a moderate upward trend despite some volatility.

Looking ahead, the forecasted data from 2024 to 2028 suggests a steady increase in value, reaching $12.13 billion by 2028. The forecasted five-year CAGR is 2.35%, with an overall growth rate of 12.3%, suggesting a continued but moderate growth trajectory.

Future trends to watch for:

• Innovations in fintech and a shift towards digital payments may further drive the adoption of credit cards.
• Economic conditions and regulatory changes could significantly impact the credit card market.
• Enhanced security features and consumer protection initiatives might boost consumer confidence and usage.
• Growing integration of credit functions with other financial services and mobile platforms could diversify usage and increase the total value of payments.