The number of cards with a payment function in France saw varied trends from 2013 to 2023. From 2013 to 2014, there was a growth rate of 2.23%. However, the period from 2015 to 2017 experienced a decline and subsequent slight recoveries leading to minimal growth. The year 2020 marked a significant drop of 17.21%, influenced possibly by external economic factors. A robust rebound of 26.19% in 2021 was followed by a dip in 2022 and a slight decrease in 2023, where the value stood at 94.45 million units.
The last two years showed a compounded annual growth rate (CAGR) of -0.38%. Looking ahead, from 2024 to 2028, the forecasted CAGR is -0.21%, pointing towards a slow decline in the number of cards with a payment function.
Future trends to watch for include:
- The impact of digital wallet adoption on physical card usage.
- Potential regulatory changes affecting the payment card industry.
- Technological advancements in payment methods and their integration into everyday transactions.