Forecast: Number of Cards with a Cash Function in Argentina

The analysis of the number of cards with a cash function in Argentina from 2013 to 2023 indicates a fluctuating yet generally upward trend. The value stood at 54.81 million units in 2023, reflecting a slight increase of 2.71% year-on-year. Over the last two years, the market saw a notable recovery with a 30.28% increase in 2021, followed by a minor dip in 2022 of -2.06%. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) was 2.66%, showing a moderate but consistent growth.

The forecasted data from 2024 to 2028 suggests a continued upward trajectory with a five-year CAGR of 2.01%, translating to an overall growth rate of 10.48%. Future trends to watch include the increasing integration of cash functionalities into digital payment solutions and the potential impact of economic fluctuations on consumer behavior and card usage adaptations.