From 2013 to 2023, the value of direct debit transfers in France showed considerable fluctuation. Beginning at $1.8577 trillion in 2013, the value decreased to $1.609 trillion by 2015 and then experienced a mixed upward and downward trend, reaching $1.9628 trillion in 2023. Specifically, the value declined sharply by 16.24% in 2020 during the pandemic but rebounded with a significant increase of 27.63% in 2021. Over the past five years, the compound annual growth rate (CAGR) stood at 0.29%, reflecting slow but steady growth.
The forecasted period from 2024 to 2028 projects a continued rise in the value, from $1.9875 trillion in 2024 to $2.0535 trillion in 2028. This suggests a moderate CAGR of 0.66% over the next five years. The total forecasted growth over this period is expected to be 3.32%.
Future trends to watch for include the potential impact of digital transformation and regulatory changes in the banking sector, evolving consumer payment behaviors, and the adoption of new technologies such as blockchain and real-time payments influencing direct debit transfers.