Forecast: Number of Cards with a Payment Function in Germany

The number of cards with a payment function in Germany has shown a consistent increase from 2013 to 2023, standing at 164.5 million units in 2023. During this period, the annual year-on-year variations indicate a general deceleration in growth, with percentages decreasing from peaks above 3% in the early years to around 0.7% in the most recent years. The compound annual growth rate (CAGR) over the last five years, at 0.71%, reflects a modest but steady incline.

Looking into the future, from 2024 onwards, the forecasted data suggests continued growth at a slightly reduced five-year CAGR of 0.52%, resulting in a total growth rate of approximately 2.62% by 2028.

Future trends to watch for include potential impacts of digital payment methods, fintech innovations, and evolving consumer preferences on the overall growth trajectory of payment cards in Germany. Additionally, regulatory changes and economic conditions may also play significant roles in shaping this market.