Forecast: Number of Payment Transactions by Non-banks in France

The number of payment transactions by non-banks in France exhibited gradual growth from 2013 to 2019, peaking at 21.78 billion units. However, 2020 saw a sharp decline by 15.67%, likely due to the impact of the COVID-19 pandemic. Post-2020, the market rebounded significantly in 2021 with an increase of 28.47%, stabilizing at 23.14 billion units by 2023.

Year-on-year variations showcase significant fluctuations over the past decade. The most notable changes include the sharp drop in 2020 and the substantial recovery in 2021. Over the last five years, the CAGR stands at 1.55%, indicating moderate growth. Forecasts predict a continued increase, with a forecasted 5-year CAGR of 1.12% and overall growth rate of 5.71% toward 2028, reaching 24.92 billion units.

Future trends to watch for include:

• Technological advances in payment solutions
• Regulatory changes impacting non-bank payment providers
• Consumer adoption rates of digital and contactless payments
• Potential economic disruptions and their effects on transaction volumes