The number of cards with an E-money function in Germany stood at 69.88 million units in 2023. The data shows a generally declining trend from 2013, except for slight upturns in 2018 and 2021. The CAGR over the past five years is -1.99%, highlighting a slow but steady decrease. The year-on-year variations exhibit notable fluctuations, with a significant drop of 18.81% in 2020 followed by a 23.75% increase in 2021, but recent years have seen smaller declines.
Future trends to watch for in this market involve the continuation of the declining number of E-money cards, now forecasted to reach 61.93 million units by 2028, representing a 5-year CAGR of -1.97%. This suggests that while the market is decreasing, the reduction rate is improving slightly. Monitoring innovation in digital payment solutions and changes in consumer preferences towards mobile-based payments will be crucial for understanding the market dynamic.