Payment Card Transactions Projected Worldwide

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UnionPay, Visa, Mastercard, American Express, JCB and Discover/Diners Club—the global network cards—are projected to generate 891.20 billion transactions in 2027, an increase of 42.3% over 2022. This is a compound annual growth rate (CAGR) of 7.3% per year.

Those card-present and card-not-present transactions will be generated by consumer and commercial credit, debit and prepaid cards. They include QR code–based payments initiated by mobile phones. The projection calls for 264.77 billion more transactions worldwide in 2027 than in 2022.

The 891.20 billion transactions figure for global network cards does not include transactions generated by domestic-only debit and credit payment card brands that function exclusively within single countries.

Domestic-only payment cards are led by RuPay (India), BC Card (South Korea), Elo (Brazil), Shetab (Iran) and Mir (Russia) and include ATH, Bancontact/Mister Cash, BankAxept, Banricompras, Cartes Bancaires, Dankort, eCash, epal/eftpos, girocard, Hipercard, Interac, J-Debit, KNet, Mada, Multibanco, Nyce, PagoBancomat, PostFinance, Pulse, Redcompra, Samsung Card, SmartPay, Star, Troy and more than 60 others.

In Asia–Pacific, global network cards are projected to generate 437.10 billion purchase transactions in 2027, accounting for 49.05% of the worldwide purchase transaction total. Transactions will be up 51.8% from 2022, which is a CAGR of 8.7%. It is projected that there will be 149.14 billion more transactions in 2027 than in 2022.

In the United States, global network cards are projected to generate 176.46 billion purchase transactions in 2027, accounting for 19.80% of the worldwide purchase transaction total. Transactions will be up 26.0% from 2022, which is a CAGR of 4.7%. It is projected that there will be 36.37 billion more transactions in 2027 than in 2022.

In Europe, global network cards are projected to generate 146.78 billion purchase transactions in 2027, equal to 16.47% of the worldwide total. Transactions will be up 19.9% from 2022, which is a CAGR of 3.7%. It is projected that there will be 24.34 billion more transactions in 2027 than in 2022.

In Latin America, global network cards are projected to generate 75.73 billion purchase transactions in 2027, an 8.50% share of the worldwide total. Transactions will be up 61.6% from 2022, which is a CAGR of 10.1%. It is projected that there will be 28.86 billion more transactions in 2027 than in 2022.

In the Middle East and Africa, global network cards are projected to generate 43.57 billion purchase transactions in 2027 and account for 4.89% of the worldwide total. Transactions will be up 118.5% from 2022, which is a CAGR of 16.9%. It is projected that there will be 23.63 billion more transactions in 2027 than in 2022.

In Canada, global network cards are projected to generate 11.57 billion purchase transactions in 2027, a 1.30% share of the worldwide total. Transactions will be up 26.6% from 2022, which is a CAGR of 4.8%. It is projected that there will be 2.43 billion more transactions in 2027 than in 2022.

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