In 2023, the number of cards with a cash function in China was 8.85 billion units. From 2024 to 2028, the forecast shows a steady increase, with values reaching 10.106 billion units by 2028. The year-on-year growth rate fluctuates between 2.87% and 2.46%, reflecting a consistent upward trend. Over the five-year period, the compound annual growth rate (CAGR) is approximately 2.5%, indicating a stable and moderate growth trajectory.
Future trends to watch for:
- Evolution of digital payment systems and their impact on cash function cards.
- Regulatory changes and their effects on card issuance and usage.
- Potential technological advancements enhancing card functions.
