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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Global Premium Metal Payment Card Market (2023 Edition)
... (2019-2029) Executive Summary Azoth Analytics has released a research report titled “Global Premium Metal Payment Card Market (2023 Edition)” which provides a complete analysis of the Global Premium Metal Payment Card industry in terms of ... Read More
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France Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2023 Update
... According to PayNXT360, alternative lending market in the country is expected to grow by 22.4% on annual basis to reach US$5,911.5 million in 2023. Medium to long term growth story of alternative lending in France ... Read More
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Finland Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2023 Update
... According to PayNXT360, alternative lending market in the country is expected to grow by 24.7% on annual basis to reach US$1,747.8 million in 2023. Medium to long term growth story of alternative lending in Finland ... Read More
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Pre-Paid Cards in South Korea
... role in driving this growth, reporting a remarkable increase in the retail selling price (RSP) of its pre-paid cards. The high RSP of Shinhan Card's offerings contributed significantly to the overall increase in the retail ... Read More
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Debit Cards in South Korea
... fundamental factors; namely the declining teenage population and the surging prominence of mobile payment methods. In the context of South Korea, debit cards have traditionally found their principal user base among teenagers, particularly those who ... Read More
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Financial Cards and Payments in South Korea
... the widespread adoption of mobile financial services, a trend that has gained significant traction, especially in response to the challenges posed by the pandemic. Local governments, with Seoul leading the way, are spearheading innovative initiatives ... Read More
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Pre-Paid Cards in Thailand
... transportation systems BTS and MRT. During the COVID-19 pandemic, commuting dropped dramatically leading to a significant contraction in transaction spend. After a strong recovery in 2022, pre-paid card transactions continue to enjoy double-digit growth in ... Read More
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Debit Cards in the Philippines
... making cash withdrawals. This was because most people were either unaware that they could use their debit card to make cashless transactions or were reluctant to use them because of security concerns. However, the COVID-19 ... Read More
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Financial Cards and Payments in Malaysia
... a cashless society in Malaysia, pushed by the government and private actors, such as retailers, and accelerated by the experience of the pandemic, continue to dictate many of the developments in the industry. This is ... Read More
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Financial Cards and Payments in Saudi Arabia
... industries globally. In this regard, the Kingdom of Saudi Arabia (KSA) has experienced notable progression in digital payments, and the government’s reinforcement of improved arrangements in terms of digital payment policies and options, has further ... Read More
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Pre-Paid Cards in Italy
... with other financial cards, the rise of contactless payments expanded usage of pre-paid cards to a wider demographic, as consumers looked for more safe and convenient payment methods. Having seen a dynamic performance during the ... Read More
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Debit Cards in Saudi Arabia
... to a number of factors, such as wide acceptance and convenience of use, as well as an absence of charges based on interest. Euromonitor International's Debit Card Transactions in Saudi Arabia report establishes the size ... Read More
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Pre-Paid Cards in the Philippines
... especially for lower-income Filipinos. These developments were primarily driven by the state-run Land Bank of the Philippines - LBP as it continued to collaborate with different government agencies. The bank is strengthening its partnership with ... Read More
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Financial Cards and Payments in Italy
... the growing trend towards cashless payments, even for smaller amounts, thanks to the development of POS infrastructure and the rising adoption of contactless technology, including mobile wallets. The recovery of tourism in Italy also impacted ... Read More
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Debit Cards in Thailand
... has launched cardless withdrawals to bring greater convenience to customers. Payment service providers also offer free cash transactions across all channels to support students or low-income earners who frequently withdraw a small amount of money. ... Read More
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Credit Cards in the Philippines
... reflects local consumers’ resurgence in terms of shopping, travelling and purchasing goods after around two years of COVID-19 lockdown and other restrictions. The notable increase in credit card billings serves as an indicator of heightened ... Read More
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Debit Cards in Malaysia
... transactions. The increased numbers of POS terminals is widening the acceptance of debit cards nationwide. That this is occurring without incurring minimum spend requirements further boosts the use of personal debit cards. The development of ... Read More
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Pre-Paid Cards in Malaysia
... a trend accelerated by the Coronavirus (COVID-19) pandemic, many local consumers, including those among the unbanked population, who do not own a financial card of any type, are more likely to convert to pre-paid cards. ... Read More
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Financial Cards and Payments in the Philippines
... stabilise, the Philippines continues to experience robust growth in both volume and value terms within digital payments. This growth is observed across various areas of financial cards and payments. Notably, travel, dining, entertainment and e-commerce ... Read More
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Debit Cards in Italy
... transactions. Such cards are easy to obtain in Italy, as well as having low associated costs. For example, the PostePay Digital card from Poste Italiane, which could be used from a smartphone for online or ... Read More
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Pre-Paid Cards in Saudi Arabia
... payment of workers’ salaries, notably so for domestic workers. In this case, the Kingdom has been undertaking successful initiatives to ensure that domestic staff are paid electronically via pre-paid payroll cards. This is because of ... Read More
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Pre-Paid Cards in Hungary
... to expedite the use of remaining funds, two additional temporary measures have been introduced, which are effective from August to December 2023. Euromonitor International's Pre-Paid Card Transactions in Hungary report establishes the size and structure ... Read More
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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
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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
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Financial Cards and Payments in Vietnam
... cards, and pre-paid cards are all seeing healthy double-digit transaction value growth, with credit cards showing the strongest growth regarding numbers of cards in circulation, followed by debit cards and pre-paid cards in numbers. Charge ... Read More
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