The number of branches of payment services providers to non-banks in the US is forecasted to decline slightly over the next five years, starting from 110.49 thousand in 2024 to 109.58 thousand by 2028. This shows a gentle downward trend with the year-on-year percentage decrease being relatively minor, reflecting an industry experiencing subtle consolidation or efficiency improvements.
Compared to 2023, where the number of such branches stood at approximately similar levels, the forecast suggests a continued slight shrinkage, resulting in a compound annual growth rate (CAGR) that hints at a small annual decline.
Future trends to watch include the impact of digital payment channels growing in popularity, which may further reduce physical branch necessity, and regulatory changes that could prompt restructuring within the industry.
