Global Number of Payments by Cards with a Debit Function by Country

In 2023, the United States led the global market for payments by cards with a debit function, with a recorded volume of 83.44 billion units, showing a year-on-year variation of 2.81%. Russia followed with 34.08 billion units and a growth rate of 4.74%. The United Kingdom ranked third with 19.82 billion units, experiencing a 3.55% increase. Notable year-on-year growth was seen in South Korea at 5.0% and India at 4.73%. Conversely, Japan had the lowest volume among major countries with 0.32347 billion units, despite a 4.48% increase. This trend highlights the maturity and adoption rate of debit card payments across diverse markets.

Brazil, France, Australia, and Canada are experiencing moderate growth in debit card payments, ranging between 2.29% and 4.0% year-on-year. Emerging markets like Argentina and Indonesia are also growing steadily, with respective growth rates of 2.78% and 3.84% in 2023. Mature European markets like Germany, Spain, and Italy exhibit slower growth.

Future trends to watch include the potential for higher adoption rates in developing regions like India and Indonesia, driven by expanded financial inclusion and digital payment infrastructure. Additionally, technological advancements in payment systems and changing consumer behaviors toward cashless transactions will likely sustain growth in mature markets.