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 Austria
... heavily favoured for payments at the POS, with debit card consumers confident that there are no extra fees or hidden costs. The outbreak of COVID-19 boosted the shift from cash to cards further, with retailers ... Read More
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Pre-Paid Cards in Austria
... of essentials such as food and petrol, gift cards became popular, allowing the recipient to fulfil their own wishes. Consumers preferred physical cards, while digital alternatives such as Wunschgutschein by Wunschgutschein GmbH remained a niche. ... Read More
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Debit Cards in the US
... legitimate concern for those in the financial industry. A significant threat to card usage has been the growth of card skimming, which has hit debit cards particularly hard. Many advanced card skimming devices have found ... Read More
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Pre-Paid Cards in the US
... emergence of the Omicron variant early in the year had a significant effect on the overall health of the nation. 2023 has seen no major named COVID-19 variant, and the number of companies that have ... Read More
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Credit Cards in the US
... in the extreme outlier year of 2022, prices have still grown considerably, and some US consumers have been forced to rely on credit cards in order to help them make ends meet at the end ... Read More
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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 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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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 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 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 Hungary
... gradually lifted throughout 2022. The prevalence of card usage and online payments has improved, attracting new customer segments who have also become frequent users. Euromonitor International's Financial Cards and Payments in Hungary report establishes the ... Read More
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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
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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
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Debit Cards in Peru
... of debit cards has remained notably robust, showcasing the consistent growth witnessed during the pandemic era. Concurrently, the volume of payment transactions and the monetary value associated with these transactions have also registered significant growth. ... Read More
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Pre-Paid Cards in Norway
... in 2023, albeit at a slower rate than previous years. However, in transaction volume and value terms, pre-paid cards witnessed a stronger decline, a trend that predates the COVID-19 pandemic. Pre-paid cards have lost significance ... Read More
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Consumer Credit in Peru
... already rebounded to pre-pandemic levels in 2022. The resurgence is attributed to a gradual return of individuals to their routine activities post the pandemic-related restrictions. Consequently, consumer spending and financing habits have resumed, fuelling the ... Read More
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Pre-Paid Cards in Indonesia
... cards has been particularly impacted by the revival of normal social and economic activity and the increase in people’s mobility. The pre-paid cards category is very highly dependent on the mobility of the population because ... Read More
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Pre-Paid Cards in Nigeria
... transaction value is expected to fall in 2023, as inflation remains very high. There is little awareness of pre-paid cards and most open loop cards are in foreign currency. Closed loop cards dominate, though open ... Read More
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Debit Cards in Nigeria
... are expected to increase, with a double-digit constant value increase in spending. This growth was also amplified in 2023, due to a cash shortage, due to a shift to a newly designed naira. In March, ... Read More
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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
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Financial Cards and Payments in Norway
... in transaction spend since 2021, following the heavy declines experienced at the height of the COVID-19 pandemic in 2020. Card payments have been boosted by the pent-up demand seen after the pandemic and the digitalization ... Read More
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