Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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Debit Cards in Singapore
Debit Cards in Singapore Debit cards is set to see solid growth in transaction values in Singapore in current value terms in 2024, along with an even stronger increase in transaction volumes. Debit cards are increasingly being used for low to medium value transactions, such as transportation, dining ... Read More
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Pre-Paid Cards in Singapore
Pre-Paid Cards in Singapore In 2024, pre-paid cards in Singapore is expected to continue to see gradual growth. Open loop pre-paid cards is set to gain traction due to the broader acceptance and enhanced functionality of such cards across multiple payment scenarios. These cards are increasingly bein ... Read More
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Financial Cards and Payments in Singapore
Financial Cards and Payments in Singapore Card payment transactions in Singapore are expected to grow significantly in current value and volume terms in 2024. Singapore’s transition toward a cashless society has continued to accelerate in 2024, underpinned by economic growth and strong consumer spen ... Read More
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Pre-Paid Cards in Hong Kong, China
Pre-Paid Cards in Hong Kong, China Pre-paid cards in Hong Kong continues to be mainly driven by the open loop format, with number of transactions, number of cards issued, and value transactions of the latter all continuing to rise in 2024. This is in contrast to the niche of closed loop pre-paid car ... Read More
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Debit Cards in Hong Kong, China
Debit Cards in Hong Kong, China The local market boasts a mature card payment landscape, yet debit cards in Hong Kong holds relatively low share within payment transactions compared to credit cards. While overall card penetration rate is high, with 3.4 cards per inhabitant, credit and charge cards d ... Read More
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Pre-Paid Cards in Germany
Pre-Paid Cards in Germany In 2023, pre-paid cards in Germany displayed a remarkable ability to adapt to post-pandemic changes. This was in contrast to 2022, when pre-paid cards witnessed a decline in transactions and value due to extraordinary circumstances, such as the discontinuation of Geldkarte ... Read More
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Debit Cards in Germany
Debit Cards in Germany In 2023, debit cards in Germany maintain their 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, particularly debit cards. This shift is further supported by the ... Read More
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Financial Cards and Payments in Germany
Financial Cards and Payments in Germany In 2023, financial cards and payments in Germany had to navigate a complex landscape. On the one hand, there was a slow yet steady increase in transactions, particularly in industries such as travel and dining that rebounded as pandemic restrictions eased. On ... Read More
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Debit Cards in India
Debit Cards in India A government-led financial inclusion initiative is enticing a burgeoning population to embrace the formal banking sector, which is acting in favour of further driving debit card penetration. The government’s financial inclusion initiative, also known as Pradhan Mantri Jan Dhan Y ... Read More
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Pre-Paid Cards in India
Pre-Paid Cards in India Pre-paid card transactions witnessed healthy double-digit growth in transaction volumes over 2021-2022. However, in 2023, the category witnessed a decline in volume of transactions as consumers became increasingly inclined to choose alternative products such as mobile payment ... Read More
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Financial Cards and Payments in India
Financial Cards and Payments in India A government-led financial inclusion initiative enticed a burgeoning population to embrace the formal banking sector, resulting in further uptake of financial cards, in particular, debit cards, in 2023. The Pradhan Mantri Jan Dhan Yojana (PMJDY) benefited in bri ... Read More
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Consumer Credit in Austria
Consumer Credit in Austria Consumer credit has experienced a significant drop in all areas of gross lending in 2023. In light of the sharp increases in the cost of living since 2022, Austrians have generally been frugal with expenditure. Individuals are focused on meeting their immediate basic needs ... Read More
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Debit Cards in Austria
Debit Cards in Austria Debit card transactions remained the main driver behind the shift from cash to card payments in 2023. Every bank account holder in Austria owns at least one debit card, which is heavily favoured for payments at the POS, with debit card consumers confident that there are no ext ... Read More
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Pre-Paid Cards in Austria
Pre-Paid Cards in Austria Closed loop pre-paid card transactions in Austria are essentially merchant-issued gift cards, and demand for these continued to increase in 2023. In a time of persistently high inflation with increased prices of essentials such as food and petrol, gift cards became popular, ... Read More
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Debit Cards in the US
Debit Cards in the US Fraud has hit debit cards hard in the US in recent years. Significant increases in card not present fraud have been recorded in the market in 2023, and are a legitimate concern for those in the financial industry. A significant threat to card usage has been the growth of card s ... Read More
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Pre-Paid Cards in the US
Pre-Paid Cards in the US 2023 is likely to go down as the first generally “normal” year of the 2020s. While 2022 saw most companies return to at least some form of hybrid working, the emergence of the Omicron variant early in the year had a significant effect on the overall health of the nation. 202 ... Read More
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Credit Cards in the US
Credit Cards in the US Credit cards in the US is set to continue to see robust growth by all measures in 2023. While inflation in the country has generally been at lower levels than in the extreme outlier year of 2022, prices have still grown considerably, and some US consumers have been forced to r ... Read More
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Financial Cards and Payments in the United Arab Emirates
Financial Cards and Payments in the United Arab Emirates The United Arab Emirates continues its journey towards a cashless society, with the continued adoption of digital payment solutions, contactless cards, and the emergence of supplementary payment platforms or solutions in pre-paid cards that su ... Read More
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Pre-Paid Cards in the United Arab Emirates
Pre-Paid Cards in the United Arab Emirates Pre-paid cards in the United Arab Emirates is experiencing a surge in innovation and growth, driven by evolving consumer preferences, technological advances, and the increasing popularity of digital payments. Mobile reloading options, such as bank transfers ... Read More
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Debit Cards in the United Arab Emirates
Debit Cards in the United Arab Emirates Contactless payments are becoming increasingly popular in the United Arab Emirates, driven by the convenience and safety they offer. Banks are accelerating the adoption of contactless payment technology, embedding NFC (Near Field Communication) chips into debi ... Read More
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Pre-Paid Cards in South Korea
Pre-Paid Cards in South Korea In 2022, South Korea witnessed growth in both the issuance and usage of pre-paid cards in line with greater mobility outside of the home. Shinhan Card, in particular, played a role in driving this growth, reporting a remarkable increase in the retail selling price (RSP) ... Read More
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Debit Cards in South Korea
Debit Cards in South Korea In 2023, the number of debit cards in circulation in South Korea continues to gradually decline following a steady upward trend over 2019-2021. The decline is primarily underpinned by two fundamental factors; namely the declining teenage population and the surging prominen ... Read More
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Financial Cards and Payments in South Korea
Financial Cards and Payments in South Korea The landscape of card transactions in South Korea is undergoing a remarkable transformation marked by a gradual decline in cash usage. This paradigm shift is primarily driven by the widespread adoption of mobile financial services, a trend that has gained ... Read More
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Pre-Paid Cards in Thailand
Pre-Paid Cards in Thailand Pre-paid cards are largely used for commuting and travelling in Thailand, with a considerable amount of closed loop pre-paid card usage accounted for by electronic ticketing on the Thai capital’s public transportation systems BTS and MRT. During the COVID-19 pandemic, comm ... Read More
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Debit Cards in the Philippines
Debit Cards in the Philippines 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 ... Read More
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