In 2025, the value of credit and charge card payments in Japan is expected to reach $857.3 billion, a 9.4% increase from the previous year. This growth is driven by a stronger consumer preference for non-cash payments and wider acceptance of credit cards by merchants.
According to the data and analytics company GlobalData, this trend will continue, with the market expected to grow at a 7.4% compound annual growth rate (CAGR) from 2025 to 2029, reaching $1.1 trillion.
In 2024, credit and charge card payments were valued at $783.8 billion, marking a 12.1% growth from the year before. GlobalData analyst Ravi Sharma notes that reward programs are a major factor in this growth, as consumers find them more appealing than those offered by debit or prepaid cards.
Credit and charge cards currently dominate the card payment market, making up 96.2% of all card payments in 2024. They are also the primary payment method for e-commerce transactions in Japan. The frequency of use is significantly higher as well, with each credit or charge card used an average of 70.7 times in 2024, compared to just 2.4 times for debit cards.
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