Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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Pre-Paid Cards in Germany
In 2024, pre-paid cards in Germany continued to experience a significant shift towards digital integration, with this financial card type increasingly being offered as a virtual option, accessible through mobile payment applications. This trend reflects a broader movement towards digital payments an ... Read More
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Debit Cards in Germany
Debit cards remained a significant force in Germany's financial landscape in 2024, despite this card type’s dominance being challenged by the rise of digital wallets and contactless payment methods. While debit cards still enjoys widespread use, and accounts for a significant share of store-based re ... Read More
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Financial Cards and Payments in Germany
The German payment landscape is undergoing a significant transformation driven by the increasing popularity of digital payment methods, shifting consumer preferences, and the emergence of new technologies. While cash remained prevalent in bricks-and-mortar stores in 2024, especially for smaller tran ... Read More
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Pre-Paid Cards in South Africa
Despite recording a positive performance in 2024, pre-paid cards in South Africa has been experiencing significant challenges. South African Post Office (SAPO) continued to struggle to meet the South African Social Security Agency (SASSA) expectations as delayed payments and ongoing issues within it ... Read More
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Financial Cards and Payments in South Africa
Despite a steady increase in real GDP growth in 2024, South African households still faced financial challenges. This struggle was highlighted by persistently high unemployment rates, which remained above 30%, forcing over 20% of households to rely on social grants. The challenges were exacerbated b ... Read More
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Debit Cards in South Africa
Debit cards in South Africa continued to record strong growth in 2024, supported by intensified government efforts to boost local financial inclusion beyond access to social security benefits offered by SASSA cards. Demand for debit cards has also benefited from infrastructure developments, supporte ... Read More
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Debit Cards in Morocco
Debit cards in Morocco is set to see growth in both cards in circulation and transaction volumes and values in 2024, and remain the most popular card type in Morocco, thanks to the safety and reliability of paying with existing money, rather than borrowed funds. This card type also continues to bene ... Read More
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Pre-Paid Cards in Morocco
Although pre-paid cards is expected to see static current value transactions in 2024, it is expected to see a decline in the number of cards in circulation, and a decline in volume transactions, as consumers increasingly prefer debit card offerings, and their greater flexibility in transactions. The ... Read More
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Debit Cards in the US
Debit cards remain a critically important component of the landscape in financial cards and payments in the US. Not only are they the most common financial cards used for consumer payments in the US, with the highest transaction volumes in 2024, debit card is also the most important form of payment ... Read More
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Credit Cards in the US
2024 had barely rung in when Capital One made an enormous splash. Capital One, an enormous credit card issuer in the US, announced in February 2024 that it intended to purchase US credit card network and banking services provider Discover Financial Services. The domestic and international implicatio ... Read More
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Pre-Paid Cards in the US
Cryptocurrency continues to be linked closely to both open loop as well as closed loop pre-paid cards in the US. On the purchasing side, cryptocurrency is linked to purchasing of both open and closed loop gift cards. Various sites and functions exist which allow consumers who hold cryptocurrency to ... Read More
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Debit Cards in Denmark
Denmark’s debit card market turned in a record-breaking performance in 2024. The total number of personal and commercial debit cards surpassed one million more than five years earlier, with the number of debit cards already exceeding the Danish population, reflecting the widespread adoption of this ... Read More
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Pre-Paid Cards in Denmark
Pre-paid cards in Denmark posted a strong performance in 2024, with a record number of cards driving transaction volumes and values to new highs. This trend aligns with broader developments in the Danish payments landscape, which is characterised by a high level of digitalisation and one of the lowe ... Read More
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Debit Cards in the Czech Republic
While debit cards in the Czech Republic registered another positive performance in 2024, circulation numbers and volume and current value transactions grew at more modest rates than in 2023. This was mainly due to increasing maturity, though the slowdown also reflected growing competition from open ... Read More
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Pre-Paid Cards in the Czech Republic
The open loop category was the most dynamic performer within pre-paid cards in the Czech Republic in terms of growth in circulation numbers and current value transactions in 2024, and also saw volume transactions rise at a healthy pace. It remained a key beneficiary of the increasing willingness of ... Read More
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Financial Cards and Payments in the Czech Republic
Financial cards and payments in the Czech Republic posted healthy growth in total card circulation numbers and volume and current value transactions in 2024. These results reflected the well-established tendency of consumers and businesses in the country to reduce their use of cash in favour of card ... Read More
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Pre-Paid Cards in Nigeria
The number of pre-paid cards continues to rise rapidly in Nigeria. More households are embracing these forms of payments which can enhance control over spending and help consumers avoid additional bank fees. Open loop pre-paid cards have benefitted from expansion in digital offerings which facilitat ... Read More
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Consumer Credit in Nigeria
Demand for formal consumer credit in Nigeria continues to be affected by low access to credit among households operating within the informal economy. Although the government lifted restrictions on foreign-denominated cards in 2023, the ongoing depreciation of the Naira dampened demand for foreign-de ... Read More
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Debit Cards in Nigeria
Debit card transactions began to normalise in 2024, both in volume and value terms, following the strong growth recorded during Nigeria’s monetary crisis in 2022-23. Robust demand can also be linked to the ongoing shift towards mobile transactions and digital payment solutions, thanks to higher smar ... Read More
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Debit Cards in Sweden
Debit Cards in Sweden Debit cards remain the Swedish consumers’ favourite payment method in 2024, representing nearly three-quarters of card payment transactions. By comparison, the share of cash is exceptionally low in Sweden. The volume of debit card transactions rose steadily in 2024 due to the e ... Read More
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Pre-Paid Cards in Sweden
Pre-Paid Cards in Sweden Pre-paid cards have a wide variety of uses in Sweden. The category consists of open and closed loop cards with vastly different types of usage within them. Despite such diversity, open-loop cards were the star performer in 2024, whilst closed loop pre-paid cards have been st ... Read More
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Debit Cards in Israel
Debit Cards in Israel In 2024, debit cards in Israel recorded positive growth amid economic uncertainty. Local consumers have been shifting towards debit cards over the review period. While credit cards have gained traction in recent years, the high interest rates associated with their use, combined ... Read More
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Consumer Credit in Turkey
Consumer Credit in Turkey Consumer credit registered modest growth in gross lending and outstanding balances over the review period, as ongoing economic uncertainty led many consumers to retain a conservative approach towards borrowing. In 2024, there was a notable slowdown in gross lending as inter ... Read More
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Debit Cards in Colombia
Debit Cards in Colombia Debit cards in Colombia posted improved results in terms of growth in volume transactions and card circulation numbers in 2024, while current value transactions returned to positive territory after having declined in 2023. This performance was underpinned by the sustained eas ... Read More
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Debit Cards in Turkey
Debit Cards in Turkey In 2024, debit cards in Turkey maintained on an upward trajectory building on the momentum gained in previous years. The waning impact of the pandemic has accelerated the transition from cash to digital payments and particularly debit cards. The widespread availability of conta ... Read More
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