The value of payments by cards with a debit function in Germany showed fluctuations between 2013 and 2023, reflecting dynamic market conditions. Starting in 2013, the value was 216.53 billion USD with noticeable drops in certain years. The value hit a low of 177.96 billion USD in 2015 but rebounded significantly to 253.77 billion USD by 2021. As of 2023, the value stood at 249.13 billion USD, marking a modest increase of 1.5% year-on-year. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was a modest 0.53%.
Looking ahead, the forecast for 2024-2028 shows a steady growth trajectory with a CAGR of 1.16%, expecting the market to reach 269.09 billion USD by 2028, a total growth of 5.93% over five years. These projections suggest a stable yet moderate rise in the value of debit card payments.
Future trends to watch for include the increasing adoption of digital payments, the impact of fintech innovations, and potential regulatory changes, which may influence consumer behavior and market dynamics in Germany's payments landscape.
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