Forecast: Number of Cards with a Payment Function in Japan

In 2023, the number of cards with a payment function in Japan stood at 1.5411 billion units. The forecasted data indicates a steady growth, with the number expected to reach 1.5576 billion units in 2024 and 1.6225 billion units in 2028. Over the forecast period, the year-on-year variations reveal consistent incremental growth; for instance, from 2024 to 2025, the increase is 1.07%, and from 2027 to 2028, it is 0.98%. The last five years show a compound annual growth rate (CAGR) of 1.3%, reflecting a stable and gradual upward trend in the adoption of such payment cards.

Future trends to watch for include the potential impact of digital payment innovations, shifts toward mobile payment solutions, and regulatory changes promoting or restricting credit card usage. Keep an eye on technological advancements, consumer behavior shifts, and economic conditions which may influence the trajectory of payment card adoption in Japan.