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 Brazil
... the face of adverse macroeconomic conditions. Credit cards are playing a pivotal role in the growth of card payments, while debit cards are experiencing waning popularity within Brazil's consumer payments landscape. The retail value of ... Read More
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Pre-Paid Cards in Australia
... a week, while others have a hybrid arrangement which sees them going into the office 2-3 times a week. As a result, public transport usage has increased over the last two years of the review ... Read More
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Pre-Paid Cards in Brazil
... contexts, including international travel. Although travel cards have traditionally occupied this space within open loop pre-paid cards, the trend leans towards using general purpose reloadable cards for international expenses. Euromonitor International's Pre-Paid Card Transactions in ... 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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Debit Cards in Brazil
... the ongoing digitisation of financial services and the increasing number of individuals with access to banking services. Financial institutions have played a role in promoting alternative payment methods, including cards and digital payments, by reducing ... 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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Debit Cards in China
... been released in this year. Many consumers have taken the reopening of society as an opportunity to increase their discretionary spending, mainly in terms of foodservice, travel, and entertainment. Chinese consumers are also moving to ... Read More
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Financial Cards and Payments in China
... opportunity to increase their discretionary spending, particularly in the areas of travel, foodservice, and retail. Debit cards is the most popular type of card payment in China, as the majority of consumers remain sceptical about ... 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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Debit Cards in the United Kingdom
... as the volume and retail value of transactions. However, this growth is set to be marginal in comparison with the previous two years. One of the main reasons is the country’s current economic situation, which ... Read More
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Pre-Paid Cards in the United Kingdom
... others are set to see slower growth, such as debit cards. One of the factors contributing to this positive performance is the ongoing growth of closed loop cards, primarily driven by merchant gift cards. In ... 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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Pre-Paid Cards in South Africa
... as work and school. Growth in transaction values has also been supported by a spike in fuel prices alongside inflationary pressure, which is encouraging price-sensitive private car users to shift to more affordable forms of ... Read More
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Consumer Credit in South Africa
... trend has been driven mainly by declining disposable incomes across high- and middle-income households, with more consumers relying on credit to get to the end of the month. As demand has risen, more retailers have ... Read More
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Consumer Lending in Spain
... rates four times during 2022 and 2023, resulting in rising interest rates on mortgages and consumer credit. Euromonitor International's Consumer Lending in Spain report establishes the size and structure of the market for ATMs cards, ... Read More
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Debit Cards in Portugal
... as a result of rising inflation rates and a decline in savings. Economic instability and higher interest rates are boosting debit cards’ performance, with inflation also fuelling spend per transaction. Contactless payments and the gradual ... Read More
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Financial Cards and Payments in Portugal
... trend of replacing cash with card purchases persists in 2023 with cash losing share. Inflation rates and the ongoing recovery of tourism flows is boosting national consumer expenditure in 2023, with a decline in savings ... Read More
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Debit Cards in Spain
... if they had other banking products and services, including mortgages and insurance, most banks now charge for having a debit card. This development is forcing customers to use credit cards instead as they are usually ... Read More
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Pre-Paid Cards in Spain
... (Consorcio Transporte Madrid and Consorcio de Transportes de Bizkaia) continued to account for more than half of retail value sales of pre-paid cards in 2023. Apart from these two organisations, the leading players in pre-paid ... Read More
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Pre-Paid Cards in Portugal
... terms of number of cards in circulation. Economic recovery and the rise in tourism are sustaining the category and pushing up growth. In 2023, Lisbon metropolitan began to allow to contactless payments for tickets, through ... Read More
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Financial Cards and Payments in Spain
... recover to 2019 levels, boosted by the recovery of travel and tourism. Euromonitor International's Financial Cards and Payments in Spain report establishes the size and structure of the market for ATMs cards, smart cards, credit ... Read More
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Retail Banking Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Transactional Accounts, Savings Accounts, Debit Cards, Credit Cards, ATM Cards, Mortgages, Home Loan), By Bank Type (Community Development Bank, Private Banking, Public Banking, NBFCs), By Region, By Competition, 2018-2028
... Private Banking, Public Banking, NBFCs), By Region, By Competition, 2018-2028 Global Retail Banking Market has valued at USD 2.5 Billion in 2022 and is anticipated to project robust growth in the forecast period with a ... Read More
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Cross-border B2C E-commerce Market Report by Category (Apparel and Accessories, Personal Care and Beauty, Entertainment and Education, Healthcare and Nutrition, Food and Beverage, and Others), Offering (Assorted Brand, In-House Brands), Payment Method (Digital Wallets, Internet Banking, Credit/Debit Cards, and Others), End User (Adults, Teenagers/Millennial, Senior Citizens, and Others), and Region 2023-2028
... Banking, Credit/Debit Cards, and Others), End User (Adults, Teenagers/Millennial, Senior Citizens, and Others), and Region 2023-2028 The global cross-border B2C e-commerce market size reached US$ 969.0 Billion in 2022. Looking forward, IMARC Group expects the ... Read More
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