The number of cards with a payment function in Switzerland was recorded at 22.61 million units in 2023. Forecasts indicate a steady upward trend, reaching 23.02 million units in 2024 and continuing to grow through 2028, where it is projected to hit 24.63 million units. The year-on-year growth rate averages around 1.8% over the upcoming years. Analyzing the last two years, we observe a consistent increase of approximately 1.83% year-on-year. The Compound Annual Growth Rate (CAGR) for the five-year forecast period (2024-2028) is about 1.8% annually.
Future trends to watch for include the rise of contactless and mobile payment technologies, which might impact the growth rate of traditional payment cards. Additionally, regulatory changes and advancements in digital banking could also influence card usage dynamics.