The United States remains dominant with the highest share of cards featuring a credit function, despite a slight decline in 2023. China and India are demonstrating significant growth in credit card adoption. Meanwhile, Japan and South Korea experienced minor declines in their shares. In Europe, Germany and Belgium show positive growth, while the United Kingdom sees a slight uptick. Contrarily, Italy and Sweden faced declines. Emerging markets like Russia, Mexico, and Indonesia are on the rise, indicating a shift towards increased credit card usage in these regions.
Future trends to watch include continued growth in Asia, particularly in India and China, as digital payment adoption expands. Additionally, technological innovations and regulatory changes in financial markets will influence credit card adoption rates globally.
Top countries in Number of Cards with a Credit Function Share by Country (Thousand Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 37.91 | 2023 | +0.029% | -0.41% | View data |
| 2 | 2 China | 27.34 | 2023 | +3.26% | +2.6% | View data |
| 3 | 3 Japan | 9.82 | 2023 | -0.059% | -0.28% | View data |
| 4 | 4 Brazil | 6.45 | 2023 | +1.01% | +0.015% | View data |
| 5 | 5 South Korea | 3.51 | 2023 | -0.43% | -0.95% | View data |
| 6 | 6 Canada | 2.74 | 2023 | +0.06% | -0.1% | View data |
| 7 | 7 Argentina | 2.42 | 2023 | +1.96% | +2.04% | View data |
| 8 | 8 United Kingdom | 2.26 | 2023 | +0.72% | +0.65% | View data |
| 9 | 9 India | 1.91 | 2023 | +3.85% | +2.91% | View data |
| 10 | 10 Russia | 1.34 | 2023 | +2.06% | +1.77% | View data |
