Forecast: Number of E-money Payments in Italy

The number of e-money payments in Italy has exhibited a strong upward trend from 2013 to 2023. In 2023, the volume stood at 920.74 million units. The data illustrate a robust growth trajectory, despite occasional fluctuations. Between 2013 and 2018, the market experienced consistent double-digit year-on-year growth. However, 2019 saw a near-plateau, and 2020 faced a significant drop due to market disruptions. The past two years, 2022 and 2023, recorded a modest but stable growth rate of 0.35% and 4.99%, respectively. The five-year CAGR till 2023 was 4.5%, showing a tempered but steady increase in adoption and usage.

Moving forward, the forecast data suggest a continuation of growth but at a slightly reduced pace, with a five-year CAGR of 3.46% and an overall growth rate of 18.53% from 2024 to 2028. This indicates a maturing market with increasing adoption but at a slower rate compared to earlier years.

Future trends to watch for include the impact of technological advancements in digital payments, regulatory changes, and the growing consumer preference for contactless and mobile payment solutions, which could further drive the evolution of the e-money market in Italy.