Forecast: Number of Cards with a Cash Function in the US

As of 2023, the US had roughly 1.02 billion cards with a cash function. Forecasted data suggests a steady growth to 1.0546 billion by 2028. Observing the year-on-year variation, the growth in the number of cards reveals small increments annually, averaging a CAGR of approximately 0.53% from 2024 to 2028.

Future trends to watch for include:

  • The digital transformation of transactions, which may impact the demand for physical cash function cards.
  • Increasing adoption of mobile and digital wallets as alternatives to traditional cash function cards.
  • Technological advances in payment security, influencing consumer preferences.

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