The number of cards with a debit function in the Netherlands is forecasted to decline steadily from 15.6 million units in 2024 to 13.81 million units by 2028. Comparing the forecasted year-on-year percentages, we observe drops of approximately 2.95% from 2024 to 2025, 3% from 2025 to 2026, 3.07% from 2026 to 2027, and 3.02% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years indicates an average annual decline of around 3%.
Future trends to watch for:
• Evolution of digital wallets and mobile payment solutions, which could further accelerate the decline in physical debit card usage.
• Changes in consumer behavior towards contactless and biometric payment methods.
• Potential regulatory shifts impacting the payment card industry.