In 2023, there were 2.87 payment cards per inhabitant in Canada. The forecast from 2024 to 2028 shows no variation, maintaining the value at 2.87 cards per inhabitant each year. This indicates no year-on-year growth or decline in the forecasted period.
Future trends to watch for:
- **Technological advancements**: Potential integration of digital wallets and biometric payment methods could impact the number of physical cards.
- **Consumer behavior**: Changes in consumer preferences towards more or fewer payment cards.
- **Regulations**: Any regulatory changes affecting the issuance or usage of payment cards.
- **Market saturation**: Given the static forecast, the market may have reached saturation, requiring new innovations to stimulate growth.
