The number of cards with a cash function in the Netherlands stood at a certain level in 2023. Observing the forecasted data from 2024 onwards, there is a consistent and slight year-on-year increase in million units: from 32.08 million units in 2024 to 32.33 million units in 2028. This indicates a steady growth in the number of such cards over the analyzed period.
Year-on-year variations from 2024 to 2025 show a percentage increase, similarly from 2025 to 2026, 2026 to 2027, and from 2027 to 2028. These percentages are not significantly high, suggesting a stable and modest upward trend. Over the last two years, a similar incremental pattern can be observed, fortifying the trend of slow and steady growth. The last CAGR over the forecasted five years reveals a small but constant average annual increase.
Future Trends to Watch For:
- Potential shifts in consumer payment preferences towards digital wallets impacting physical card usage.
- Advancements in secure digital banking solutions potentially decreasing the dependency on physical cards.
- Emerging technologies, such as blockchain, influencing the evolution of cash functionalities.
- Regulatory changes affecting the issuance and usage of cash-function cards.