In 2023, the United States dominated the global value of payments by cards with a debit function, holding the highest share. Russia and the United Kingdom followed as notable contributors. India exhibited the most significant year-on-year growth at 4.69%, reflecting an emerging shift towards digital payments. In Europe, France and Italy showed steady increases, while countries like Canada and Sweden faced slight declines. Over the past five years, a compound growth trend has been observed with fluctuations across the board.
Future trends to watch include the expansion of digital payment infrastructure in emerging markets, potentially elevating growth in countries like India and Brazil. Additionally, technological advancements and regulatory changes could impact payment behaviors, especially in developed economies where digital payment adoption is already mature. Keeping an eye on evolving consumer preferences towards contactless and mobile payments is crucial.
Top countries in Value of Payments by Cards with a Debit Function Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 41.06 | 2023 | +2.08% | +1.82% | View data |
| 2 | 2 Russia | 12.48 | 2023 | +4.95% | +3.94% | View data |
| 3 | 3 United Kingdom | 11.63 | 2023 | +1.65% | +1.31% | View data |
| 4 | 4 France | 6.32 | 2023 | +2.3% | +1.67% | View data |
| 5 | 5 Germany | 3.4 | 2023 | +1.5% | +0.53% | View data |
| 6 | 6 Australia | 3.34 | 2023 | +1.67% | +1.05% | View data |
| 7 | 7 South Korea | 2.66 | 2023 | +3.33% | +3.18% | View data |
| 8 | 8 Canada | 2.62 | 2023 | +0.21% | -0.21% | View data |
| 9 | 9 Brazil | 2.23 | 2023 | +1.41% | +1.3% | View data |
| 10 | 10 Netherlands | 2.13 | 2023 | +1.58% | +1.02% | View data |
