Forecast: Number of Cards with a Payment Function per Inhabitant in Australia

The number of cards with a payment function per inhabitant in Australia stood at 2.63 in 2023. The forecasted data for the following years show a slight downward trend to 2.62 in 2024 and 2.61 from 2025 through 2028. The year-on-year variation is -0.38% from 2023 to 2024, and 0% for the subsequent years. The average annual decline (CAGR) over the next five years is approximately -0.15%.

Future trends to watch for:

• Integration of digital wallets and other alternative payment solutions which might reduce dependence on traditional payment cards.
• Regulatory changes that could impact the number of issued cards.
• Technological advancements in payment methods that could alter consumer preferences.
• Potential economic factors that might influence overall consumer spending and card usage.