Global Number of Payments by Cards with a Credit Function Share by Country (Million Units)

In 2023, the United States leads the global number of payments by cards with a credit function at 48.04 million units, experiencing a year-on-year variation of 2.48%. South Korea follows with 16.32 million units and a 3.65% increase, while Brazil stands at 9.14 million units, growing by 3.21%. Canada and the United Kingdom recorded 6.65 and 4.04 million units respectively, with Canada increasing by 2.86% and the UK by 2.79%. Australia, Russia, and India present significant shares with respective year-on-year variations of 2.9%, 5.0%, and 4.48%. Other notable countries include Mexico, Italy, and France, showing variations of 3.59%, 2.34%, and -8.34% respectively. Argentina, Sweden, Singapore, Switzerland, Indonesia, Germany, Saudi Arabia, and Belgium also demonstrate varied growth rates.

Future trends to watch include potential continued growth in Russia and India due to their significant year-on-year increases. Conversely, France’s negative growth may indicate a shift towards alternative payment methods. Monitoring technological advancements, regulatory changes, and consumer behavior in these regions will be crucial for understanding market dynamics in the coming years.

Top countries in Number of Payments by Cards with a Credit Function Share by Country (Million Units)

# 10 Countries Percent Last Year YoY 5-years CAGR
1 1 United States 48.04 2023 +2.68% +2.48% View data
2 2 South Korea 16.32 2023 +3.66% +3.65% View data
3 3 Brazil 9.14 2023 +3.48% +3.21% View data
4 4 Canada 6.65 2023 +3.12% +2.86% View data
5 5 United Kingdom 4.04 2023 +2.78% +2.79% View data
6 6 Australia 3.43 2023 +2.88% +2.9% View data
7 7 Russia 2.77 2023 +5.48% +5% View data
8 8 India 2.28 2023 +5% +4.48% View data
9 9 Mexico 1.23 2023 +3.39% +3.59% View data
10 10 Italy 1.23 2023 +3.17% +2.34% View data