Forecast: Number of Payment Transactions by Non-banks in the US

Analysis of the number of payment transactions by non-banks in the US indicates that in 2023, transactions stood at 169.28 billion units. Historical data show various growth phases, with a dramatic drop in 2020 followed by robust recovery. From 2021 to 2023, year-on-year variations were skewed, reflecting market corrections and stabilizations, with 2022 seeing a -2.92% dip and 2023 gaining a modest 1.86%. The 5-year CAGR from 2018 to 2023 was 2.02%. Looking ahead, forecasts for 2024 suggest a positive growth trajectory, projecting a steady increase in transaction volumes, culminating in 185.89 billion units by 2028, with an average 1.42% annual growth across this period.

Future trends to watch for include the potential impacts of emerging fintech innovations, increased consumer adoption of digital payment platforms, and regulatory changes that could significantly influence transaction volumes. Monitoring these factors will be essential for understanding how the market landscape might shift over the next few years.