The forecasted increase in the number of card payments per inhabitant in the UK from 2024 to 2028 suggests a consistent upward trend. With recorded actual values from previous years reaching 303.1 card payments per person in 2023, the 2024 forecast projects to 311.41, showing a healthy year-on-year growth in card usage. The forecasted year-on-year variation is approximately 2.5%. The last five-year CAGR is estimated at 2.5% as well, indicating steady modernization in digital payment behaviors.
Future trends to watch include the impact of technological advancements like contactless and mobile payments, increased adoption of digital wallets, and regulatory changes in payment systems that could further accelerate this growth.
