Forecast: Number of Payments by Cards with a Credit Function in Italy

The number of payments by cards with a credit function in Italy has demonstrated a fluctuating yet overall upward trajectory from 2013 to 2023. Notably, the year-on-year variation reflects a peak in growth around 2018 at 23.01%, followed by a significant drop in 2020 due to the pandemic (-13.9%). Recent years show a return to growth with 2023 standing at 1180 million units, a 3.17% increase from 2022.

Forecasted data anticipates continual growth, albeit at a moderated pace, with a 5-year CAGR of 2.32% from 2024 to 2028. Key future trends to monitor include technological advancements in digital payments, increased consumer adoption of contactless cards, and potential regulatory changes impacting the credit card market.

Trends to watch:

• Advancements in digital payment technologies.
• Growth in contactless payment adoption.
• Regulatory changes affecting credit card usage.