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
-
Consumer Lending in the US
... of largely unchecked inflation affecting much of the US economy, 2023 has really zeroed-in on the US Federal Reserve’s efforts to achieve a so-called “soft landing” by increasing interest rates in an attempt to simultaneously ... Read More
-
Consumer Lending in Colombia
... end of 2022. This caused credit card interest rates to rise above 40%, leading to consumer concerns and reduced credit card usage, impacting overall consumption. In response, some banks reduced rates to 25% at the ... Read More
-
Consumer Lending in Chile
... range projections of -0.5%-0.25% in 2023. Credit is showing low dynamism, particularly for SMEs and mortgages/housing. Credit to SMEs and consumer lending is slowing, with a significant reduction in gross lending on mortgages/housing compared to ... Read More
-
Consumer Lending in Mexico
... the growth and expansion of fintech companies, which extend credit to consumers without a credit history and without imposing additional restrictive requirements, especially within the context of above-average inflation. Mexican households are leveraging various means ... Read More
-
Debit Cards in Hong Kong, China
... of the pandemic. Residents are now showing a strong and sustained interest in reallocating their spending from daily expenses in Hong Kong towards their outbound travel budgets. Hong Kong's outbound expenditure is set to recover ... Read More
-
Pre-Paid Cards in Hong Kong, China
... interest among local residents to explore the mainland during weekends or holidays, Octopus has strategically capitalised on the integration of the Greater Bay Area. To cater for the needs of Hong Kong residents travelling to ... Read More
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
Retail Banking Market Size - By Types (Large Bank, Community Bank, Online Bank, Regional Rural Bank, Post Office), By Service (Current Account, Saving Account, Debit Card, Credit Card, Loan) & Forecast, 2023 - 2032
... Retail Banking Market will witness over 5% CAGR between 2023 and 2032, propelled by surging deals and sales, enticing retail bankers seeking mutual benefits. This trend mirrors a symbiotic relationship among banking enterprises, where in ... Read More
-
United States (US) Cards and Payments - Opportunities and Risks to 2027
... payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfer, cash, direct debits, mobile wallets and cheques during the review-period (2019-23e). The report also ... Read More
-
China Fashion Ecommerce Market, By Product Type (Apparel, Footwear, Accessories, Jewelry, Bags), By Consumer Group (Mens Fashion, Womens Fashion, Kids Fashion, Plus Size Fashion, Pet Fashion, Others), By Price Range (Premium, Mid-Range, Economy, Ultra Luxury, Mass Market, Others), By Technology (Augmented Reality, Virtual Reality, Artificial Intelligence, 3D Modeling, Others), By Payment Method (Debit/Credit Cards, eWallets, Bank Transfer, Cash on Delivery, Cryptocurrency, Others)
... Mass Market, Others), By Technology (Augmented Reality, Virtual Reality, Artificial Intelligence, 3D Modeling, Others), By Payment Method (Debit/Credit Cards, eWallets, Bank Transfer, Cash on Delivery, Cryptocurrency, Others) China Fashion Ecommerce Market, By Product Type (Apparel, ... Read More
-
Bank Cards Market by Card Type (Charge Cards, Credit Cards, Debit Cards), Payment Transactions (ATM's, POS) - Global Forecast 2023-2030
... 9.04 billion in 2022, at a CAGR of 9.67% during the forecast period. Market Segmentation & Coverage: This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a ... Read More
-
North America Online Payment Methods 2023
... momentum as the most used online payment method across North America Digital wallets, including PayPal, Apple Pay, and Google Pay, are steadily gaining acceptance among both buyers and sellers across North America. The yStats.com report ... Read More
-
Retail Banking Market By Type (Commercial Banks, Rural Banks, Others), By Function (Bank Account Opening, Deposits and Withdrawals, Debit and Credit Card Issuance, Investment and Insurance, Others), By End User (Individuals, Businesses): Global Opportunity Analysis and Industry Forecast, 2023-2032
... and Industry Forecast, 2023-2032 Retail banking refers to financial services provided by commercial banks to individual consumers, rather than to corporations, institutions, or other businesses. It involves a wide range of services aimed at meeting ... Read More
-
Fraud Detection And Prevention Market by Offering (Solutions and Services), by Deployment Type (Cloud and On-Premises), by Enterprise Type (Small & Medium Enterprise and Large Enterprises), by Application (Money Laundering, Credit & Debit Card Fraud, Mobile Fraud, Identity Fraud, and Others), and by End User (BFSI, Government & Defense, Healthcare, IT & telecom, Retail & E-Commerce, and Others) - Global Opportunity Analysis and Industry Forecast, 2024–2030
... Mobile Fraud, Identity Fraud, and Others), and by End User (BFSI, Government & Defense, Healthcare, IT & telecom, Retail & E-Commerce, and Others) - Global Opportunity Analysis and Industry Forecast, 2024–2030 Meta Des: Fraud detection ... Read More
-
Prepaid Card Market by Card Type (Open Loop and Closed Loop), by Offering (General Purpose Reloadable (GPR) Card, Gift Card, Payroll Card, Prepaid Debit Card, Government Card, Prepaid Incentive Card, and Others), by Application (Bills Payment, Food, Entertainment, and Savings), and by End User (Retail, Corporate, and Government/Public Sector) – Global Opportunity Analysis and Industry Forecast, 2024–2030
... Payment, Food, Entertainment, and Savings), and by End User (Retail, Corporate, and Government/Public Sector) – Global Opportunity Analysis and Industry Forecast, 2024–2030 Prepaid Card Market Domain – ICT & Media Sub Domain – Hardware/Software & ... Read More
-
Credit & Debit Card Issuing (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2030, NAIC 522210
... growth rates and forecasts that will save countless hours of research. Key Findings: Credit & Debit Card Issuing Industry (U.S.) to reach $201,521,030,766 by 2030. Credit & Debit Card Issuing Industry (U.S.), including Average EBITDA, ... Read More
Research Assistance
