The Global Value of Payments by Cards with a Credit Function indicates diverse trends across the listed countries. In 2023, the United States led with a value of $4.0422 trillion, showing a 2.1% year-on-year increase. South Korea and Japan followed with $0.66926 trillion and $0.61856 trillion respectively, amidst modest growth. Notably, India experienced the highest year-on-year growth at 3.86%, whereas France saw a significant decrease of 13.78%. Countries like Australia and Brazil also faced declines at -0.56% and -0.6% respectively. Other nations such as Mexico, Russia, and Argentina registered positive growth rates above 1%.
The future trends to watch for include:
- Continued dominance of the United States in the global market.
- Potential growth in emerging economies like India and Argentina due to increasing credit card penetration.
- Impact of economic policies and digital payment innovations in evolving markets such as Brazil and Russia.
- Monitoring the recovery potential in European economies, especially France and Belgium.
Top countries in Value of Payments by Cards with a Credit Function by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 4,042,200 | 2023 | +2.43% | +2.1% | View data |
| 2 | 2 South Korea | 669,260 | 2023 | +1.97% | +1.63% | View data |
| 3 | 3 Japan | 618,560 | 2023 | +1.38% | +0.49% | View data |
| 4 | 4 Canada | 440,260 | 2023 | +1.23% | +0.81% | View data |
| 5 | 5 Australia | 237,700 | 2023 | -0.3% | -0.56% | View data |
| 6 | 6 United Kingdom | 237,410 | 2023 | +1.02% | +0.64% | View data |
| 7 | 7 Brazil | 230,510 | 2023 | -0.27% | -0.6% | View data |
| 8 | 8 India | 106,520 | 2023 | +4.65% | +3.86% | View data |
| 9 | 9 Italy | 99,400 | 2023 | +2.21% | +0.96% | View data |
| 10 | 10 Argentina | 56,120 | 2023 | +1.76% | +3.28% | View data |