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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Financial Cards and Payments in the United Arab Emirates
... of new players, and a supportive regulatory environment. The Central Bank of the UAE has played a pivotal role in fostering the growth of digital payments, introducing initiatives such as the Wage Protection System and ... Read More
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Pre-Paid Cards in South Korea
... Pre-paid cards, especially those offered by fintech companies, are gaining popularity as more consumers turn to them for their flexibility and attractive benefits. One major reason for their growing adoption is that pre-paid cards come ... Read More
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Debit Cards in the United Arab Emirates
... growth and value transactions. The robust economy of the United Arab Emirates continues to attract foreign investment and create job opportunities, leading to an influx of skilled professionals and workers. In 2024, the United Arab ... Read More
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Debit Cards in South Korea
... decline in the number of teenage users, who represent a substantial proportion of new debit card holders. In addition to the declining teenage population, a major factor influencing this is the growing popularity of mobile ... Read More
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Financial Cards and Payments in South Korea
... evolve, 2024 has showcased how debit and credit card usage is adapting to these new realities while navigating personal finance challenges. Euromonitor International's Financial Cards and Payments in South Korea report establishes the size and ... Read More
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Pre-Paid Cards in the United Arab Emirates
... along with a greater uptake of closed loop (mainly driven by transportation cards and parking and toll cards) and open loop (dominated by payroll cards). The category is supported by the further expansion of the ... Read More
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Debit Cards in the United Kingdom
... value share of all card payment transactions in the local market. This increase is consistent with companies across the country using commercial debit cards more frequently than other card payment methods to better manage their ... Read More
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Pre-Paid Cards in the United Kingdom
... increase in the value of transactions. The perception among local consumers that pre-paid cards are safer to use and protect them from fraud is one of the reasons for this financial card’s popularity, as there ... Read More
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Debit Cards in Japan
... debit cards. Notable features of J-Debit include no annual fees, and the lack of a card number, unlike credit cards. Card holders can make payment at any store bearing the J-Debit mark by entering the ... Read More
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Consumer Credit in Australia
... growing across most categories, apart from card lending. In particular, after a notable decline of 17% in 2023, the value of gross lending on education has recovered in 2024. Statistics reported by the Australian Department ... Read More
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Pre-Paid Cards in Japan
... of pre-paid card transaction value by issuer and operator in Japan in 2024. The company is making moves to strengthen customer loyalty, with Suica as one of its mainstays. Euromonitor International's Pre-Paid Card Transactions in ... Read More
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Debit Cards in Australia
... to decline during the pandemic. Euromonitor International’s Passport data shows that over 95% of the Australian population aged over 15 years has a bank account, the majority of which would also have a debit card ... Read More
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Pre-Paid Cards in Australia
... only way to access transportation with the rollout of debit card payments being inconsistent across the different states. For example, in New South Wales, commuters have been able to use their debit card to pay ... Read More
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Financial Cards and Payments in China
... they expect the prices of goods and services to fall in the future. Both debit cards and pre-paid cards are expected to see progress in 2024 in terms of cards in circulation and current value ... Read More
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Debit Cards in China
... circulation increased by around 340 million in 2023, reflecting a 4% increase, while a further 124 million debit cards are expected to be in circulation in 2024. Sales of commercial debit cards are insignificant, with ... Read More
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Pre-Paid Cards in China
... the continued rebound of closed loop pre-paid cards by all measures, as travel and commuting have continued to return following the end of COVID-19 restrictions. According to the Ministry of Transport, passenger volumes on urban ... Read More
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Prepaid Card Market Report: Trends, Forecast and Competitive Analysis to 2030
... and financial institution sectors. The global prepaid card market is expected to reach an estimated $5,385.6 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are ... Read More
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Debit Cards in Singapore
... increasingly being used for low to medium value transactions, such as transportation, dining, and other day-to-day purchases. They have become especially popular amongst students and younger working adults, as they offer a convenient and flexible ... Read More
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Pre-Paid Cards in Singapore
... of such cards across multiple payment scenarios. These cards are increasingly being adopted for e-commerce, public transport, and cross-border transactions, providing users with more flexibility compared with closed loop alternatives. A significant driver of growth ... Read More
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Financial Cards and Payments in Singapore
... 2024, underpinned by economic growth and strong consumer spending. Despite global uncertainties, Singapore’s economy grew by 4.1% year-on-year in the third quarter of 2024, extending the average growth in the first half of 3.0%. This ... Read More
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Pre-Paid Cards in Hong Kong, China
... all continuing to rise in 2024. This is in contrast to the niche of closed loop pre-paid cards, which continues to lose popularity and is dominated by merchant issued gift cards. Euromonitor International's Pre-Paid Card ... Read More
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Debit Cards in Hong Kong, China
... penetration rate is high, with 3.4 cards per inhabitant, credit and charge cards dominate, accounting for 70% share of card payment value due to attractive reward programmes. Euromonitor International's Debit Card Transactions in Hong Kong, ... Read More
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Revenue Forecasts to (2031) and Analytics for the Credit & Debit Card Issuing (U.S.): Financial Benchmarks, Metrics, P&L, KPIs, NAIC 522210
... save countless hours of research. Key Findings: Credit & Debit Card Issuing Industry (U.S.) to reach $228,606,189,321 by 2031. Credit & Debit Card Issuing Industry (U.S.), including Average EBITDA, Operating Ratios and Sales per Employee. ... Read More
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Buy Now, Pay Later:Point of Sale Installment Loans in the US Market and International Perspectives, 4th Edition
... 4th Edition research report offers an in-depth analysis of the opportunities and challenges faced by both existing and new players in the BNPL sector. It explores the macro and micro factors influencing transaction volumes, repayment ... Read More
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Payment Gateway Market
... surge can be largely attributed to the booming e-commerce sector, as consumers increasingly opt for online shopping due to its convenience and accessibility. The expansion of various digital platforms has led to a significant reliance ... Read More
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