Forecast: Number of Payment Transactions by Non-banks in Italy

The data indicates that the number of payment transactions by non-banks in Italy grew from 4.49 billion units in 2013 to 6.56 billion units in 2023. The year-on-year growth fluctuated, with notable periods of increase particularly from 2015 to 2016 and a significant dip in 2020 due to external factors such as the COVID-19 pandemic. The CAGR over the past five years up to 2023 stands at 2.2%. Forecast data suggests a continued upward trend, reaching 7.26 billion units by 2028, albeit at a more moderate CAGR of 1.53%.

Future trends to watch for include the adoption of new payment technologies and regulatory changes impacting non-bank payment services. Additionally, economic conditions and consumer behavior shifts will be crucial in shaping the trajectory of payment volumes. The impact of digital wallets, blockchain, and real-time payments could significantly accelerate growth beyond current forecasts.