The global number of cards with a debit function sees China leading with a significant 8.0112 billion units, showcasing a 2.99% year-on-year growth. India, a distant second, shows robust growth at 3.96%. Notable stable markets include Japan and the US, recording minor increases. In contrast, France and the Netherlands face declines at -4.95% and -2.9%, respectively. Emerging markets such as Indonesia and Argentina reflect substantial growth, indicating a rising preference for debit cards. The Compound Annual Growth Rate (CAGR) offers insights into consistent growth patterns over the past five years across these countries.
Future trends to watch are the continued rise in debit card usage in emerging economies, propelled by financial inclusion initiatives and digital banking adoption. China and India will likely maintain their lead, driven by digital payment ecosystems and economic expansion. Meanwhile, mature economies might shift towards alternative payment methods, impacting debit card growth trajectory.
Top countries in Number of Cards with a Debit Function by Country
| # | 10 Countries | Thousand Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 8,011,200 | 2023 | +3.21% | +2.99% | View data |
| 2 | 2 India | 1,122,900 | 2023 | +3.78% | +3.96% | View data |
| 3 | 3 Japan | 453,180 | 2023 | +0.44% | +0.36% | View data |
| 4 | 4 Brazil | 340,900 | 2023 | +0.7% | +0.66% | View data |
| 5 | 5 United States | 334,210 | 2023 | +0.82% | +0.82% | View data |
| 6 | 6 Russia | 262,910 | 2023 | +1.81% | +2.05% | View data |
| 7 | 7 Indonesia | 182,670 | 2023 | +3.24% | +3.68% | View data |
| 8 | 8 South Korea | 169,280 | 2023 | +0.62% | +0.61% | View data |
| 9 | 9 Mexico | 164,770 | 2023 | +1.6% | +1.4% | View data |
| 10 | 10 Germany | 112,590 | 2023 | +0.37% | +0.3% | View data |
