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 Colombia
... of cards in circulation increasing at a solid pace. These results were partly attributable to higher confidence and spending among the population as inflationary pressures steadily receded and economic activity picked up. However, the primary ... Read More
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Financial Cards and Payments in Ukraine
... on cities and frequent power outages disrupting merchants, ATMs, and bank branches, the industry demonstrated remarkable resilience. To safeguard the financial system, the National Bank of Ukraine (NBU) implemented the Power Banking initiative, creating a ... Read More
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Pre-Paid Cards in Colombia
... the diminishing appeal of open loop pre-paid cards, which are increasingly being superseded by debit and credit cards, digital wallets and electronic transfers. This is particularly true of so-called compensation fund cards, which have historically ... Read More
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Debit Cards in Ukraine
... feature contactless functionality, and the majority of point-of-sale (POS) terminals are equipped to support these payments. Contactless transactions are especially prevalent in public transportation, where their adoption has grown significantly. Municipal transport systems, such as ... Read More
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Pre-Paid Cards in Ukraine
... advantages compared to debit cards, which offer comprehensive features such as direct access to bank accounts, enhanced security and broad acceptance both domestically and internationally. Further, consumers increasingly prefer debit cards due to their versatility ... Read More
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Consumer Credit in Israel
... interest rates compared to other types of loans. However, the segment saw a decline mid-review period, largely driven by shifting market conditions. These loans are often used to fund down payments on houses, but with ... Read More
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Consumer Credit in South Africa
... demand for such lending. Demand for card lending has also benefited from improvements in online safety measures, attracting tech-savvy users, as reflected in the increased usage of digital wallets linked to credit cards. In parallel, ... Read More
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Pre-Paid Cards in Greece
... the year, following a similar trend with other card types in a context of stability and slow growth of the economy. Euromonitor International's Pre-Paid Card Transactions in Greece report establishes the size and structure of ... Read More
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Pre-Paid Cards in Turkey
... secure means of shopping online as they are not linked to a bank account and have no overdraft facility, which minimises the risk of potential online fraud. Furthermore, there are a range of online marketplaces ... Read More
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Debit Cards in Greece
... multiple global crises, relative stability and mild growth of the Greek economy is providing the context for increased consumer spending. On a negative note, spending is also boosted by inflated prices of basic goods due ... Read More
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Pre-Paid Cards in Israel
... their safety and convenience. However, the ongoing Israel-Hamas war, coupled with the reduced availability of airline tickets and resulting high prices, has significantly dampened international travel. This decline in travel has consequently hindered the growth ... Read More
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Financial Cards and Payments in Israel
... of Apple Pay and Google Pay in 2021. Many consumers now rely on their smartphones for payments, often leaving their physical wallets at home. This shift is driven by the convenience offered by digital wallets, ... Read More
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Debit Cards in Hungary
... fees related to current accounts and debit cards. Many of these fees have risen at the rate of 2023 inflation, which was significant, prompting some customers to consider switching banks. The increase in transaction fees ... Read More
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Financial Cards and Payments in Romania
... rapid growth in recent years with the share of card payments rising year on year. Digital payments are driving the use of card transactions supported by retail e-commerce platforms which have adopted digital payment methods ... Read More
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Financial Cards and Payments in Hungary
... their virtual counterparts, continues to grow, driven by a rich array of smartphone applications with built-in payments, and other smart solutions (e.g., QR code payments) that make card payments more convenient, fast and versatile. Added ... Read More
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Consumer Credit in Peru
... improving economy in the country, thanks to greater GDP growth, inflation levels within the target range, and better job prospects. However, the economic recession that Peru experienced in 2023 significantly affected people's ability to pay ... Read More
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Pre-Paid Cards in Romania
... attributed to the remarkable growth observed in open-loop cards, creating opportunities for operators such as Revolut, which continues to see double-digit growth in the number of transactions. Romania is the leading market in central and ... Read More
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Consumer Credit in Sweden
... the prevalence of home buying in Sweden. Higher mortgage rates in the first half of 2024 were imposed as the policy rate peaked at 4%. Euromonitor International's Consumer Credit in Sweden report establishes the size ... Read More
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Debit Cards in Peru
... the COVID-19 pandemic. This growth has been higher than the growth observed for credit cards, with consumers more reticent about using the latter due to fear of inability to meet repayments in relation to the ... Read More
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Debit Cards in Romania
... drive growth in the number of debit card transactions over the upcoming forecast period. Consumers are already using their debit card for smaller purchases in 2024, with the average value of debit card transaction falling. ... Read More
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Pre-Paid Cards in Hungary
... Bank that operates the Simple smartphone application and SimplePay payment solution. Hellopay has established itself as one of Hungary's leading providers of integrated and innovative digital payment solutions in the hospitality and events sector. With ... Read More
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Debit Cards in Italy
... the number of cards in circulation has also tapered off, albeit only marginally. This is partly explained by maturity, with transaction volumes and circulation numbers still dwarfing those of other card types. However, the slowdown ... Read More
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Financial Cards and Payments in Italy
... continues to be underpinned by the increasing tendency of consumers and businesses to move away from cash in favour of card-based and digital payment methods. This well-established trend has become more pronounced since the pandemic, ... Read More
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Pre-Paid Cards in Italy
... the entire year. It remains a key beneficiary of the shift away from cash in favour of card-based payments, as these instruments are easy to obtain, highly versatile and enjoy strong public trust in terms ... Read More
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Debit Cards in Portugal
... have boosted the positive trend, as has the growing preference for card usage over cash. Though inflation has pushed up prices, the use of debit cards for micropayments and daily routine payments contributed to a ... Read More
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