The number of cards with an e-money function per inhabitant in Japan was 3.87 in 2023. The forecast indicates a steady growth pattern from 4.02 in 2024 to 4.61 in 2028, with an average annual growth rate (CAGR) reflecting moderate adoption. This signifies consistent consumer inclination towards e-money functionalities.
Key observations:
- The year-on-year growth from 2024 to 2028 varies around 3.5% to 4%.
- Adoption continues to rise as digital payments gain popularity.
Future trends to watch for include increased integration with digital wallets, advancements in contactless payment technology, and the influence of government e-payment initiatives on adoption rates.
