The market size for credit cards in the United States grew by over *** percent between 2022 and 2023, a continuation of previous years. This according to estimates from on the value of transactions conducted with cards with a credit function. Credit cards are the most popular payment method available in the country for several years in a row, with a market share that slightly increased during the first year of COVID-19. The United States' credit card penetration is forecast to reach more than ** percent come 2025.

Both in absolute and relative figures, the use of credit cards in the United States continued to grow in 2021. The per capita use of credit cards, for example, is estimated to have reached a figure of nearly *** transactions per person. Interestingly, this number is slightly below that of Canada. Credit cards remained the most popular in-store payment method in the U.S. since the coronavirus pandemic, but lost terrain to mobile wallets when it comes to the most used e-commerce payment methods available in the country.

The market size of credit card payments in Brazil was relatively unaffected in the first year of the coronavirus pandemic but grew sizably in 2021. In 2021, the payment method made up roughly ** transactions when compared to the country's population that year. Credit cards made significant strides in the South American country, with the market share of credit cards overtaking that of cash by 2021. Credit cards and debit cards combined made up more than **** of all in-store payments in the Latin American country in 2021, although there was only a slight increase in their use since the coronavirus pandemic.

The market size of credit card payments in France was relatively unaffected in the first year of the coronavirus pandemic. In 2020, the payment method made up roughly ** transactions when compared to the country's population that year. This was significantly higher than the credit card use per capita in Germany during the same time. France boasts a relatively high number of credit cards in circulation - making up roughly ** percent of all payment cards within the country.

The number of credit card payments in Australia increased by roughly *** million between 2021 and 2022. This led to the per capita count to increase to over *** in 2022. This figure is significantly higher than what is seen in most European countries. Annual credit card transactions per capita in the UK, for example, reached ** in 2020 - which was already higher than what was seen elsewhere in Europe. Cards are a relatively dominant payment method in Australia's in-store payments, as credit cards and debit cards together reached a market share of more than ** percent in 2021.

Credit card payments in Colombia increased by over 27 percent in 2022 when compared to the previous year. This led to the per capita count - among consumers 15 years and up - to increase to *** in the same year. The trend of increasing credit card payments is similar to trends in Latin America. The per capita credit card transaction count in Mexico, for example, increased to over ** in 2021.

Mexicans made **** trillion pesos worth of credit card transactions in 2021, a recovery from the decline observed in 2020. The change from 2020 to 2021 was an increase of roughly ** percent in Mexican pesos, although the growth change when estimating this value in U.S. dollars was not as big. Mexico did not feature in a comparison of credit card penetration across 161 countries worldwide in 2021, but before that year it was considered the least likely country in the world where credit cards saw much use.

The average value of a credit card transaction in France is predicted to slightly increase between 2023 and 2028, by over two USD. This is according to one of several forecasts made by Statista covering the credit card market in France. The European country is one of the most mature countries in the world when it comes to credit card penetration. This contrast with the value of credit card payments, making up over less than *** percent of the country's GDP.

The number of times a person in Italy used a credit card for payments increased by about ** percent between 2020 and 2021. This figure has been growing consistently throughout the years, which is unlike other countries in Europe. Indeed, the use of credit cards seems to stem from a growing market share in POS payments rather than Italian e-commerce payments - where wallets are popular.

The number of times a person in the United Kingdom used a credit card for payments declined by roughly ** percent in 2020 but nearly recovered by 2021. Unlike the same figure for debit cards, the recorded credit payments in 2020 were lower than in the years leading up to COVID-19. This coincides with a trend in the UK of paying off credit card debt during lockdown.

Credit card payments in Switzerland increased in 2022, as consumers now made ** transactions per capita. In absolute numbers, this translates to an increase of 100 million transactions between 2021 and 2022. In relative figures, however, Switzerland uses credit cards more often than consumers in the United Kingdom. Credit cards did not rank as the country's most used payment method - be it offline or online - but did have a sizable market share in 2020 of ** percent.

The number of credit card payments in Belgium declined by roughly ** million between 2021 and 2022. This led to the per capita count to decrease to below **** in 2022. The trend of declining credit card payments is similar to what was seen elsewhere in Europe years ago. In the United Kingdom, for example, UK consumers started to pay off credit card debt during lockdown.

The number of times a person in Sweden used a credit card for payments declined by roughly ** percent between 2019 and 2020. Known for its digital payments and its attempts to become a cashless society, Sweden has one of the highest credit card transaction volumes within the EU-27 - with only France spending more money in 2020. Credit card processing volume in the UK, however, was much higher than that of Sweden.

The total number of credit card transactions made in Germany from 2012 to 2020 generally increased during the period observed. In 2012, the number of credit card payments amounted to **** million. By 2019, this had reached a peak of ***** million credit card payments, after which it slightly declined to ***** million credit card payments in 2020. In 2019, every other person in Germany owned a credit card (**** credit cards per capita).

Bulgarian consumers performed roughly **** credit card payments per capita in 2020, a decline when compared to the previous year. The first year of the coronavirus pandemic led to a credit card level comparable to that in 2017. The number of credit cards in circulation in Bulgaria was around *** million in 2020 - as opposed to more than *** million debit cards.

Credit card transactions in Estonia decreased by nearly *********** in 2020, although the payment method was still relatively popular. Estimes based on figures from the domestic central bank compared to the country's population that year, reveal that Estonia used credit cards more frequently than a country like Czechia. Credit cards made up about a quarter of all cards in circulation in 2020, with the total number of debit cards being over *** million in 2020.

The number of payments made with cards that have a credit function in Czechia rose gradually between 2012 and 2017 after which there have been only slight changes until 2020. In 2012, the number of payments amounted to approximately **** million and this number had grown to about ***** million payments in 2020. Paying with cash has become increasingly less important in Czechia over the 2010 to 2019 period. While cash accounted for **** percent of payments in 2010, this number had dropped to **** percent in 2019.

Credit card payments in Mexico declined by nearly ********** in 2020 but recovered significantly in 2021. This led to the per capita count to increase to **** in 2021. The trend of declining credit card payments is similar to what was seen elsewhere in Europe. In the United Kingdom, for example, UK consumers started to pay off credit card debt during lockdown. Cash is Mexico's most used payment method in POS since COVID-19, although the market share of credit cards did increase since 2020.

Credit card payments in Slovenia declined by ******* transactions in 2020, lowering the per capita use. The decreasing use of credit cards in the country is in stark contrast to developments elsewhere. The credit card transactions per capita in Slovakia, for example, also declined during this time - presumably as consumers did not want to build up credit card debt during COVID-19 lockdown - but remained significantly higher than what was observed in Slovenia.

Argentinian consumers performed roughly ** credit card payments per capita in 2022, a slight increase from 2022. This according to estimates based off credit card figures from the country's central bank. No information is provided why this number went down in the South American country during the first year of the coronavirus pandemic. Arguably, this could coincide with a trend in the UK of paying off credit card debt during lockdown.