The number of cards with a payment function per inhabitant in Argentina was observed to be 2.75 in 2023. Forecasted data indicates a steady increase, reaching 2.84 in 2024, and progressively climbing to 3.05 by 2028. This represents a compounded annual growth rate (CAGR) of around 2.6% over the five-year period from 2024 to 2028.
The year-on-year variation is expected to be relatively stable, with an incremental increase of approximately 1.8% from 2024 to 2025, followed by a consistent annual increase of around 1.5% to 2028.
Future trends to watch include the adoption of new payment technologies, increased digital banking penetration, and potential governmental regulations influencing the financial sector. Additionally, economic factors such as inflation and currency fluctuations could impact consumer behavior and the proliferation of payment cards.
