The global number of cards with a debit function is predominantly led by China, which accounts for 68.88 thousand units as of 2024. With a significant gap, India follows with 9.65 thousand units. Japan (3.9), Brazil (2.93), and the United States (2.87) round out the top five countries. Historically, the year-on-year growth shows that China increased by 2.99% from 2023, India by 3.96%, and Indonesia by 3.68%. On the lower side, France saw a decrement of 4.95%, and the Netherlands decreased by 2.9%. This indicates a robust growth trend in key emerging markets, particularly in Asia.
Future trends to watch include the continued rapid expansion of the debit card market in India and Southeast Asia due to increasing financial inclusion initiatives and digital payment adoption. Additionally, monitoring potential shifts in Western markets where debit card usage decline might reflect a growing preference for mobile payment solutions and other digital financial instruments.
Top countries in Number of Cards with a Debit Function Share by Country (Thousand Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 68.88 | 2023 | +3.21% | +2.99% | View data |
| 2 | 2 India | 9.65 | 2023 | +3.78% | +3.96% | View data |
| 3 | 3 Japan | 3.9 | 2023 | +0.44% | +0.36% | View data |
| 4 | 4 Brazil | 2.93 | 2023 | +0.7% | +0.66% | View data |
| 5 | 5 United States | 2.87 | 2023 | +0.82% | +0.82% | View data |
| 6 | 6 Russia | 2.26 | 2023 | +1.81% | +2.05% | View data |
| 7 | 7 Indonesia | 1.57 | 2023 | +3.24% | +3.68% | View data |
| 8 | 8 South Korea | 1.46 | 2023 | +0.62% | +0.61% | View data |
| 9 | 9 Mexico | 1.42 | 2023 | +1.6% | +1.4% | View data |
| 10 | 10 Germany | 0.97 | 2023 | +0.37% | +0.3% | View data |