The value of card payments in France stood at 580.68 billion USD in 2023. Over the past decade, the market has experienced fluctuations, with significant dips in 2015 and 2020. Notably, 2020 saw a decrease due to the COVID-19 pandemic. Recovery was evident with a robust 27.57% increase in 2021. However, recent years have shown stabilization, with marginal year-on-year changes. The 2023 year-on-year growth was 0.8%, indicating a return to steadier growth patterns. The 5-year CAGR from 2019 to 2023 was 0.84%, reflecting moderate growth after the pandemic disruptions. Over the forthcoming years, the value is forecasted to grow at a 5-year CAGR of 0.62%, reaching 606.27 billion USD by 2028. This suggests a cautious yet positive sentiment in card payments over the medium term.
Future trends to watch for include the adoption of digital payment technologies, trends in consumer spending habits post-pandemic, and the impact of regulatory changes on the financial landscape. Innovations such as contactless and mobile payments could also contribute significantly to the market dynamics.