The United States leads global credit card payments at 46.25 billion units, far outpacing South Korea at 15.71 billion. Brazil, Canada, and the United Kingdom follow with 8.8, 6.4, and 3.89 billion units respectively. Notably, Russia, India, and Mexico show substantial growth potential, with respective year-on-year increases of 5.0%, 4.48%, and 3.59%. Germany, although lagging at 0.15139 billion units, had a notable year-on-year increase of 3.69%. France experienced a contraction with an 8.34% drop in 2023. Lastly, Belgium lags in growth with a modest 1.28% increase.
Future trends to monitor include the stability of the U.S. market, the potential for rapid growth in India and Russia, and the recovery strategies in France. Emerging markets like Indonesia and Saudi Arabia could also play significant roles in the long-term expansion of credit card usage globally.
Top countries in Number of Payments by Cards with a Credit Function by Country
| # | 10 Countries | Million Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 46,250 | 2023 | +2.68% | +2.48% | View data |
| 2 | 2 South Korea | 15,710 | 2023 | +3.66% | +3.65% | View data |
| 3 | 3 Brazil | 8,800 | 2023 | +3.48% | +3.21% | View data |
| 4 | 4 Canada | 6,400 | 2023 | +3.12% | +2.86% | View data |
| 5 | 5 United Kingdom | 3,890 | 2023 | +2.78% | +2.79% | View data |
| 6 | 6 Australia | 3,300 | 2023 | +2.88% | +2.9% | View data |
| 7 | 7 Russia | 2,660 | 2023 | +5.48% | +5% | View data |
| 8 | 8 India | 2,190 | 2023 | +5% | +4.48% | View data |
| 9 | 9 Mexico | 1,180 | 2023 | +3.39% | +3.59% | View data |
| 10 | 10 Italy | 1,180 | 2023 | +3.17% | +2.34% | View data |
