Forecast: Number of Card Payments in Germany

The number of card payments in Germany has shown consistent growth over the years. As of 2023, the volume stood at 4.79 billion units. The year-on-year growth rates have generally been positive, although they fluctuate. Notably, the average annual growth rate (CAGR) over the last five years has been 2.56%. Looking ahead, from 2024 onward, the number of card payments is expected to continue its upward trajectory, reaching 5.31 billion units by 2028. The forecasted average annual growth rate (CAGR) over the next five years is projected at 1.61%, with an overall growth of 8.32% over this period.

Future trends to watch for:

• Further adoption of digital payment methods
• Growing penetration of contactless payments
• Integration of mobile payment platforms
• Influence of regulatory changes in the financial sector
• Potential impacts of economic factors on consumer spending behavior