Debit cards in the Philippines have largely been known and treated as ATM cards only. Prior to the outbreak of Coronavirus (COVID-19), the use of debit cards was primarily for making cash withdrawals. This was because most people were either unaware that they could use their debit card to make cashless transactions or were reluctant to use them because of security concerns. However, the COVID-19 pandemic raised consumer awareness, pushing the use of debit cards for direct, cashless transactions,...
Euromonitor International's Debit Card Transactions in Philippines report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Debit Card Transactions, Personal Debit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Debit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Debit Cards in the Philippines
Euromonitor International
November 2023
List Of Contents And Tables
DEBIT CARDS IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
The pandemic experience provides a springboard for debit cards
Digital banks help to accelerate the adoption of debit cards
InstaPay and PESONet drive debit card usage
PROSPECTS AND OPPORTUNITIES
Slower average spend amid challenges to transaction growth
Product and service improvements to help overcome challenges
“Cash-lite” concept to develop and grow in the forecast period
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023