In 2023, South Korea led globally with the highest number of payments per inhabitant using cards with a credit function, marking a significant lead over other countries. Canada, the United States, and Australia followed, indicating strong consumer credit card usage. Western European countries like Switzerland and the United Kingdom showed moderate usage. In contrast, emerging markets like Brazil, India, and Saudi Arabia exhibited lower figures, suggesting limited credit card penetration and usage.
Future trends to watch include:
- Growth in digital payments infrastructure in emerging markets, potentially increasing credit card usage.
- Impact of fintech innovations on payment habits in both developed and developing countries.
- Regulatory changes affecting credit card fees and consumer incentives may shift usage patterns.
Top countries in Number of Payments per Inhabitant by Cards with a Credit Function by Country
| # | 10 Countries | Units | Last Year | |
|---|---|---|---|---|
| 1 | 1 South Korea | 303.19 | 2023 | View data |
| 2 | 2 Canada | 172.1 | 2023 | View data |
| 3 | 3 United States | 139.59 | 2023 | View data |
| 4 | 4 Australia | 129.18 | 2023 | View data |
| 5 | 5 Singapore | 99.47 | 2023 | View data |
| 6 | 6 Switzerland | 64.77 | 2023 | View data |
| 7 | 7 Sweden | 60.47 | 2023 | View data |
| 8 | 8 United Kingdom | 57.86 | 2023 | View data |
| 9 | 9 Brazil | 41.87 | 2023 | View data |
| 10 | 10 Italy | 19.49 | 2023 | View data |
