Forecast: Value of Payments by Cards with a Credit Function in Japan

In 2023, the value of payments by cards with a credit function in Japan was at 621.56 billion US Dollars. Based on the forecasted data, we observe a steady increase year-on-year: 629.95 billion USD in 2024, 638.81 billion USD in 2025, 647.5 billion USD in 2026, 656.02 billion USD in 2027, and 664.36 billion USD in 2028. The year-on-year variations are as follows:

• 2024 vs. 2023: +1.35%

• 2025 vs. 2024: +1.40%

• 2026 vs. 2025: +1.36%

• 2027 vs. 2026: +1.32%

• 2028 vs. 2027: +1.27%

The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 stands at 1.34%, demonstrating a consistent upward trend in the usage of credit card payments.

Future trends to watch for:

• Increased adoption of digital payment methods and mobile wallets could impact the growth rate of traditional credit card payments.

• Regulatory changes and enhancements in security measures might influence consumer trust and usage patterns.

• Economic factors such as changes in consumer spending behavior and GDP growth will also play a critical role in shaping future trends.