The combined global number of general purpose and private label payment cards in circulation is projected to reach nearly 30 billion come 2028. Private label cards — such as fuel cards, retail branded cards, etc. — will make up roughly 30 percent of this market. In terms of individual card schemes, China's UnionPay is expected to be bigger than Visa and Mastercard combined as digital payments will continue to increase in Asia-Pacific. Domestic card schemes — which take up a significant market share in Europe — are also projected to increase.
Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017, 2022 and 2023, with a forecast for 2028
(in billions)
figures include credit, debit, and prepaid cards; As of December 31 of said year
Supplementary notes
The figures have been taken from several publications.
The source lists over 60 different domestic-only card brands under the "Domestic" category. These include, amongst others, MIR (Russia), Cartes Bancaires or CB (France), girocard (Germany), and Interac (Canada). The source does not provide separate figures within this category.
Private label cards include credit, debit, and prepaid cards for stores, fuel, airlines, medical, and others. The source does not provide specifics for, or separate figures within, this category.
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Statista. (January 31, 2024). Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017, 2022 and 2023, with a forecast for 2028 (in billions) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/283578/payment-card-growth-trend-global/
Statista. "Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017, 2022 and 2023, with a forecast for 2028 (in billions)." Chart. January 31, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/283578/payment-card-growth-trend-global/
Statista. (2024). Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017, 2022 and 2023, with a forecast for 2028 (in billions). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/283578/payment-card-growth-trend-global/
Statista. "Number of General Purpose and Private Label Payment Cards in Circulation from Selected Card Brands Worldwide in 2017, 2022 and 2023, with a Forecast for 2028 (in Billions)." Statista, Statista Inc., 31 Jan 2024, https://www.statista.com/statistics/283578/payment-card-growth-trend-global/
Statista, Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017, 2022 and 2023, with a forecast for 2028 (in billions) Statista, https://www.statista.com/statistics/283578/payment-card-growth-trend-global/ (last visited December 22, 2024)
Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017, 2022 and 2023, with a forecast for 2028 (in billions) [Graph], Statista, January 31, 2024. [Online]. Available: https://www.statista.com/statistics/283578/payment-card-growth-trend-global/
