The number of cards with a cash function in Spain stood at 85 million units in 2023. From 2024, the forecast indicates a slight but steady increase in numbers: 86.48 million units in 2024, 87.5 million units in 2025, 88.49 million units in 2026, 89.46 million units in 2027, and 90.41 million units in 2028. This represents a year-on-year growth of:
- 2024: +1.74%
- 2025: +1.18%
- 2026: +1.13%
- 2027: +1.09%
- 2028: +1.06%
The compound annual growth rate (CAGR) for the period from 2024 to 2028 stands at approximately 1.24% per year.
Future trends to watch for:
As digital payment methods continue to evolve, it’s crucial to monitor the potential shift from cash-oriented cards to fully digital payment solutions. Regulatory changes and technological advancements in fintech could significantly impact the usage and distribution of cards with cash functions.
