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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Debit Cards in Hungary
... cards, and is especially dominant in smaller towns and villages where Takarékbank was traditionally strong. The bank currently serves over two million customers with the potential of cross-selling services and reducing the proportion of the ... Read More
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Consumer Credit in Turkey
... cards when they needed small sums of money. This shift in consumer behaviour can be attributed to the Central Bank's deliberate efforts to sustain consumer demand prior to the government elections by keeping interest rates ... Read More
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Debit Cards in Norway
... all payment cards in Norway are debit cards, generating more than 80% of transactions. During the pandemic, debit cards strengthened their position compared to credit cards, as consumers travelled abroad less and spent more on ... Read More
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Pre-Paid Cards in Colombia
... increased mobility as hybrid work schemes lose traction. Transportation pre-paid cards are offering more digital alternatives for recharging, such as Tullave in Bogota and Cívica in Medellin, which allow users to add balance from e-wallets ... Read More
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Debit Cards in Egypt
... in the market witnessed a substantial 12% growth. The government's ongoing financial inclusion efforts and the proactive outreach programmes initiated by local and international banks have significantly contributed to this growth. Additionally, the Central Bank ... Read More
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Debit Cards in Denmark
... cards is only expected to increase slightly in 2023, as the market is saturated, and already the number of debit cards is higher than the population. Value growth is also expected to be moderate in ... Read More
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Debit Cards in Morocco
... safety and reliability of paying with existing money rather than borrowed funds with high interest rates. Further, debit cards are the most accessible and straightforward type of financial cards in the country, and local banks ... Read More
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Financial Cards and Payments in France
... goods (FMCGs), leading to widespread discounts, slashed prices, and in-store promotions. Although inflation looks to be stabilising somewhat through 2023, French consumers are not generally aware of these fluctuations and remain cautious in their purchases ... Read More
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Consumer Credit in Sweden
... amid much uncertainty about the future. Auto lending, in particular took a hit in 2022, following a strong recovery in 2021. This was due to a shortage of electrical components, which saw the automotive industry ... Read More
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Financial Cards and Payments in Israel
... entry of major players like Apple Pay in late 2021 significantly boosted the adoption of digital wallets across the country. Presently, approximately a quarter of Israelis utilise e-wallets, demonstrating the remarkable growth of this payment ... Read More
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Consumer Credit in France
... light of this situation, a degree of consumer caution when it comes to spending and seeking loans. This means consumers are placing a stronger focus on low prices, rather than acquiring debt to purchase large ... Read More
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Pre-Paid Cards in Romania
... to the remarkable growth potential observed in open-loop cards, creating an opportune landscape for operators such as Revolut. In contrast, closed-loop pre-paid cards, typically distributed by retailers in the form of gift cards, are witnessing ... Read More
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Pre-Paid Cards in Sweden
... in Sweden, with the result that pre-paid cards are typically used for less usual payment occasions, rather than for daily purchases. Debit cards are overwhelmingly popular for everyday payments in Sweden. Euromonitor International's Pre-Paid Card ... Read More
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Debit Cards in Canada
... trend of merchants leaning into contactless debit transactions. As well as trimming down queues, the move towards contactless also means opening doors for the cash-averse clientele, consequently inflating sales. Not to be outdone, several of ... Read More
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Pre-Paid Cards in Morocco
... the pandemic. The increased use of debit cards was the main driver of this fall. In the past, much of the use of pre-paid cards among the Moroccan population has been accounted for by international ... Read More
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Store Cards in Turkey
... payment in specific retail outlets. Over the forecast period, prospects for store cards remain weak as consumers seeking “pay later” functionality have the established option of credit cards. Euromonitor International's Store Card Transactions in Turkey ... Read More
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Pre-Paid Cards in Turkey
... cards to access their wages, a different consumer profile is emerging among underage individuals, students, and unemployed young consumers. These individuals often opt for pre-paid cards, as they can up-load cash and use them for ... Read More
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Debit Cards in Turkey
... consumers to use their debit cards for small purchases, while saving their credit cards for more expensive purchases. Moreover, the continued demand for e-commerce also fuelled debit card purchases online. Some banks offer loyalty campaigns ... Read More
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Financial Cards and Payments in Colombia
... closed loop transportation cards, are steadily gaining popularity. Store cards, however, are witnessing a decline due to consumer preferences shifting towards more versatile payment options. Euromonitor International's Financial Cards and Payments in Colombia report establishes ... Read More
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Consumer Lending in China
... However, growth in consumer lending in China is expected to be slow, following the sluggish growth of domestic consumption and an ongoing real estate crisis, which is raising concerns over the stability of the financial ... Read More
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Financial Cards and Payments in Singapore
... driven by the rise of digitalisation, empowering payment industry stakeholders to create seamless payment solutions for both card-based and electronic direct/ACH transactions. As a result, paperless contactless payments have gained significant traction throughout Singapore. Euromonitor ... Read More
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Pre-Paid Cards in Singapore
... convenient payment solution for various modes of public transportation, but it has also garnered popularity among Singaporeans travelling abroad. EZ-link previously launched its digital wallet application, EZ-link Wallet, integrating the pre-paid card with users' mobile ... Read More
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Debit Cards in Singapore
... generally outpaced by those offered by credit cards. However, in an attempt to stimulate the acceptance and utilisation of debit card transactions, several local banks and prominent debit card issuers have formed collaborations with various ... Read More
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Financial Cards and Payments in South Africa
... between issuers. Meanwhile, value transactions across categories such as debit cards are expected to be driven mainly by persisting inflationary pressure, which translates into higher costs of living and, subsequently, higher prices for essential products ... Read More
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Debit Cards in South Africa
... 2022 to 5.7% in 2023. Debit card value transactions benefited from this trend. The overall performance of debit cards has also been boosted by the complete removal of COVID-19 restrictions, such as travel restrictions, and ... Read More
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