Debit Cards Market Research Reports & Industry Analysis
Debit cards have become so widespread they have almost replaced checks and are even increasingly used in place of cash. Debit cards are used quite often to make purchases over the internet or via telephone, similar to a credit card. However, debit cards are different from credit cards in that the funds are immediately transferred rather than paid back at a future date.
Another feature of debit cards is that they are used at an automated teller machine or ATM to withdraw money from a bank account. Also, some merchants will allow customers making purchases with a debit card to get “cash back” or withdraw money from their account as well.
One significant difference between using a debit card at a point of purchase is the necessity of a PIN or personal identification number. This is required for security purposes when withdrawing money from an ATM or making a purchase at a merchant. A benefit of using a debit card over a credit card is the lack of extra charges. While a credit card may charge high fees and have interest rates, a debit card allows a user to make transactions at virtually no charge.
Debit Cards Industry Research & Market Reports
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Prepaid Card Global Market Report 2025
... is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond. Reasons to Purchase Gain a truly global perspective with the ... Read More
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LATAM Payment Methods & Digital Payments 2025: Consumer Trends and Market Forecasts
... 2027, tripling its value. Growth is driven by financial inclusion, fintech advancements, and regulatory support. Despite expansion, its global share will remain below 10%, far behind Asia-Pacific and North America. Mobile payments and digital wallets ... Read More
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Financial Cards and Payments in South Africa
... to rely on social grants. The challenges were exacerbated by a prolonged 15-year high interest rate, resulting in many mid-income families finding it increasingly difficult to repay asset-backed debts, such as mortgages, due to shrinking ... Read More
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Pre-Paid Cards in South Africa
... as delayed payments and ongoing issues within its payment system persisted in 2024. The situation was exacerbated by challenging financial conditions, resulting in the closure of numerous branches typically used by grant beneficiaries for collectio... ... Read More
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Debit Cards in South Africa
... cards has also benefited from infrastructure developments, supported by diversified offerings from emerging players. One example is PayFast, which has introduced free in-store POS terminals in South Africa, a significant step for a company primarily ... Read More
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Debit Cards in Morocco
... reliability of paying with existing money, rather than borrowed funds. This card type also continues to benefit from the expansion of financial inclusion, with such offerings often positioned as the primary entry point to banking ... Read More
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Pre-Paid Cards in Morocco
... increasingly prefer debit card offerings, and their greater flexibility in transactions. The category also faces intensified competition from digital wallets, which have been benefiting from improved internet penetration, with such options gaining traction for online ... Read More
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Debit Cards in the US
... the highest transaction volumes in 2024, debit card is also the most important form of payment across all payment types for consumers in the US. In 2024, there were enough debit cards in circulation in ... Read More
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Credit Cards in the US
... and banking services provider Discover Financial Services. The domestic and international implications of this deal, if it is successful, will be broad and long-lasting. From an international perspective, Discover runs one of only a handful ... Read More
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Pre-Paid Cards in the US
... gift cards. Various sites and functions exist which allow consumers who hold cryptocurrency to exchange their currency for gift cards which can be used at restaurants, retailers, and other locations. This is a useful function ... Read More
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Pre-Paid Cards in Denmark
... which is characterised by a high level of digitalisation and one of the lowest cash usage rates globally. Pre-paid cards are used for a variety of purposes, supporting their continued expansion. However, despite this growth, ... Read More
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Debit Cards in Denmark
... exceeding the Danish population, reflecting the widespread adoption of this payment method. Alongside the increasing number of cards, overall category transactions are also on the rise. While the COVID-19 pandemic temporarily impacted debit card usage ... Read More
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Wireless POS Terminals
... at a CAGR of 11.2% over the analysis period 2024-2030. Portable Countertop & PIN Pad, one of the segments analyzed in the report, is expected to record a 10.7% CAGR and reach US$14.2 Billion by ... Read More
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Prepaid Cards
... CAGR of 10.4% over the analysis period 2024-2030. Closed Loop Prepaid Cards, one of the segments analyzed in the report, is expected to record a 10.1% CAGR and reach US$2.3 Trillion by the end of ... Read More
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Payment Processing Solutions
... at a CAGR of 12.6% over the analysis period 2024-2030. Credit Cards Payment Method, one of the segments analyzed in the report, is expected to record a 10.6% CAGR and reach US$67.3 Billion by the ... Read More
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Gift Cards
... CAGR of 12.7% over the analysis period 2024-2030. Retail Closed Loop,v one of the segments analyzed in the report, is expected to record a 13.0% CAGR and reach US$585.7 Billion by the end of the ... Read More
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Debit Cards in the Czech Republic
... maturity, though the slowdown also reflected growing competition from open loop pre-paid cards, credit cards and electronic direct/ACH transactions that can be made via digital wallets or mobile apps and do not require financial cards. ... Read More
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Pre-Paid Cards in the Czech Republic
... at a healthy pace. It remained a key beneficiary of the increasing willingness of local consumers and businesses to choose card-based and digital payment solutions over cash, as these instruments are easily accessible and becoming ... Read More
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Financial Cards and Payments in the Czech Republic
... the country to reduce their use of cash in favour of card-based and digital payment solutions. Having become more ingrained in the aftermath of the pandemic, this behaviour continued to be encouraged by improvements in ... Read More
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Pre-Paid Cards in Nigeria
... cards have benefitted from expansion in digital offerings which facilitate secure online payments. Such cards are attractive to the growing number of tech-savvy shoppers in Nigeria. The momentum gained by pre-paid cards can be linked ... Read More
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Consumer Credit in Nigeria
... depreciation of the Naira dampened demand for foreign-denominated credit cards. The situation was exacerbated by rising interest rates from the Central Bank to tackle rising inflation. Higher interest rates effectively reduced demand for large loans, ... Read More
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Debit Cards in Nigeria
... towards mobile transactions and digital payment solutions, thanks to higher smartphone penetration and the expansion of fintech products. For example, 3.0 Verse has partnered with Pal Remit to launch virtual debit cards in Nigeria. Despite ... Read More
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Consumer Credit in Turkey
... there was a notable slowdown in gross lending as interest rates rose dramatically from 8.5% in June 2023 to 50% in March 2024. Some consumers were put off by the sharp rise in borrowing costs. ... Read More
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Debit Cards in Colombia
... in 2023. This performance was underpinned by the sustained easing of inflationary pressures and an acceleration in the pace of economic expansion, which bolstered confidence and spending among households and companies. However, usage levels were ... Read More
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Debit Cards in Israel
... recent years, the high interest rates associated with their use, combined with ongoing economic uncertainty, have shifted consumer preference more decisively towards debit cards. As a safer and more predictable financial tool, debit cards are ... Read More
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