The number of cards with a payment function per inhabitant in the US is forecasted to decline from 3.75 in 2024 to 3.6 by 2028, showing a consistent year-on-year decrease. In 2023, this figure was approximately 3.78. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests an average annual decline in card prevalence, marking a subtle yet steady retreat from reliance on multiple payment cards.
Future trends to watch for:
- Potential shifts towards digital and mobile payment solutions, which may further influence card usage.
- Consumer attitudes change towards sustainability, possibly curtailing physical card issuance.
- Regulatory changes impacting the payments ecosystem could redefine card and other payment methods' landscape.