The value of payments by cards with a debit function in France has shown significant fluctuations between 2014 and 2023. Starting at $286.18 billion in 2014, the value saw both increases and decreases, reaching $463.32 billion in 2023 with a year-on-year growth of 2.3% and a five-year CAGR of 1.67%. Notable variations include a substantial rise of 29.69% in 2021 post the COVID-19 slump in 2020, and a decline in 2020 by -14.81%. The forecast through 2028 predicts a steady increase in value, reaching $519.14 billion, with a five-year CAGR of 1.74%.
Future trends to watch for include:
- Technological advancements in payment systems boosting transaction values.
- Adoption of contactless and mobile payments influencing user preferences.
- Regulatory changes impacting fee structures and usage rates.
- Economic factors and consumer spending behaviors post-pandemic.