Forecast: Value of Payments by Cards with a Debit Function in Japan

The value of payments by cards with a debit function in Japan stood at $13.83 billion in 2023. Over the past two years, the value saw a modest 2.85% increase in 2023, after a slight decline of 1.91% in 2022. Examining longer trends, the Compound Annual Growth Rate (CAGR) was 1.57% over the last five years.

Looking ahead, forecasted values from 2024 to 2028 suggest a steady upward trajectory, with a five-year CAGR of 2.11% and an overall growth rate of 10.99%. This indicates a moderate, yet consistent rise in the use of debit function cards for payments in Japan.

**Future Trends to Watch For:**

• Adoption of new payment technologies such as digital wallets and contactless payments.
• Shifts in consumer behavior due to economic factors and evolving shopping habits.
• Regulatory developments impacting the financial and payment industries in Japan.