The combined global number of general purpose and private label payment cards in circulation is projected to reach well over 28 billion come 2027. 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 and 2022, with a forecast for 2027
(in billions)
Characteristic
UnionPay
Private label
Visa
Mastercard
Domestic
Other
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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, 2023). Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017 and 2022, with a forecast for 2027 (in billions) [Graph]. In Statista. Retrieved July 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 and 2022, with a forecast for 2027 (in billions)." Chart. January 31, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/283578/payment-card-growth-trend-global/
Statista. (2023). Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017 and 2022, with a forecast for 2027 (in billions). Statista. Statista Inc.. Accessed: July 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 and 2022, with a Forecast for 2027 (in Billions)." Statista, Statista Inc., 31 Jan 2023, 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 and 2022, with a forecast for 2027 (in billions) Statista, https://www.statista.com/statistics/283578/payment-card-growth-trend-global/ (last visited July 22, 2024)
Number of general purpose and private label payment cards in circulation from selected card brands worldwide in 2017 and 2022, with a forecast for 2027 (in billions) [Graph], Statista, January 31, 2023. [Online]. Available: https://www.statista.com/statistics/283578/payment-card-growth-trend-global/
