In 2023, the global distribution of cards with a payment function by country shows that China holds a significant share at 56.9%, followed by India at 16.14%, and Japan at 9.94%. The smaller shares are held by countries like South Africa at 0.27% and Saudi Arabia at 0.23%. When examining average annual growth over the past five years (CAGR), the trends highlight substantial growth in countries like Indonesia and India, whereas other markets like France and South Africa saw a decline.
Future trends to watch for include the rapid expansion in emerging markets such as India and Indonesia, driven by increased financial inclusion and digital payment adoption. Despite slower growth, mature markets like South Korea and the United Kingdom will continue to evolve with innovations in payment technologies.
Top countries in Number of Cards with a Payment Function Share by Country (Thousand Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 56.9 | 2023 | +3.25% | +2.95% | View data |
| 2 | 2 India | 16.14 | 2023 | +3.87% | +3.89% | View data |
| 3 | 3 Japan | 9.94 | 2023 | +1.05% | +0.93% | View data |
| 4 | 4 Russia | 3.47 | 2023 | +2.92% | +3.13% | View data |
| 5 | 5 Indonesia | 2.63 | 2023 | +4.21% | +3.28% | View data |
| 6 | 6 South Korea | 1.93 | 2023 | +0.31% | +0.15% | View data |
| 7 | 7 Mexico | 1.26 | 2023 | +1.44% | +1.45% | View data |
| 8 | 8 United Kingdom | 1.15 | 2023 | +0.19% | +0.22% | View data |
| 9 | 9 Germany | 1.07 | 2023 | +0.71% | +0.71% | View data |
| 10 | 10 Argentina | 0.81 | 2023 | +2.3% | +2.31% | View data |