In the US, card payments per inhabitant are anticipated to rise steadily from a forecasted 394.29 in 2024 to 427.1 by 2028, indicating positive growth. This upward trajectory follows prior increases, continuing a post-2023 pattern of expanding digital payment adoption. The compound annual growth rate (CAGR) over this period highlights consistent, moderate growth in the number of card transactions. As of 2023, the value stood below the forecasted 2024 level, marking a continuous upward trend.
Future trends to watch for:
- Increased adoption of contactless and mobile payment technologies.
- Expansion of digital wallet usage may influence card payment frequencies.
- Regulatory changes affecting transaction limits and fees could impact growth.
- Economic factors, including inflation and consumer confidence, influencing spending behaviors.
- Technological advancements in payment security and convenience driving user engagement.