The number of cards with a delayed debit function in Argentina experienced fluctuations from 2013 to 2023, starting at 579.15 thousand units in 2013 and reaching 678.18 thousand units in 2023. While there were periods of decline, such as in 2014, 2017, and notably in 2020 with a sharp decrease of 16.13%, there were also significant increases like in 2018 and 2021 with rises of 19.1% and 27.79% respectively. The year 2023 saw a modest increase of 0.96% compared to the previous year.
Over the last five years, the compound annual growth rate (CAGR) was approximately 0.057%. Forecasts suggest a steady growth, with the number of cards projected to reach 713.69 thousand units by 2028, reflecting an estimated five-year CAGR of 0.75%.
Future trends to watch for:
- Technological advancements in payment systems may influence card usage dynamics.
- Potential economic shifts and consumer confidence levels impacting card issuance and usage.
- Changes in regulatory frameworks affecting financial sectors and delayed debit functions.