Forecast: Number of Card Payments in the US

The data indicates a rising trend in the number of card payments in the US, starting from 84.22 billion units in 2013 to 126.21 billion units in 2023, reflecting actual historical data through 2023 and forecasted values from 2024. Year-on-year growth rates have moderated from 8.06% in 2013 to 2.5% in 2023. The CAGR has decreased from 7.7% in 2013 to 2.76% in 2023.

The last two years show a slight downward trend in annual growth rates, dipping to 2.62% in 2022 and 2.5% in 2023. Despite this, the forecasted 5-year CAGR from 2024 to 2028 is anticipated to be 1.72%, with a total growth rate of 8.89% over this period, indicating continued but slower growth in card payment volumes.

Future trends to watch for include the increasing adoption of contactless payment methods, the rise in e-commerce transactions, and potential regulatory changes that could influence the overall number of card payments. Additionally, innovations such as digital wallets and cryptocurrencies could further affect payment trends and consumer behavior.