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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Pre-Paid Cards in Denmark
... 2023, largely driven by rising inflation. With debit cards having significant penetration and the population being highly banked, there is less need for pre-paid cards, except for certain niche consumer groups such as younger children. ... Read More
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Pre-Paid Cards in Poland
... need by expanding the range of employee benefits. One example is a pre-paid lunch or nutrition card, which can usually be used in various locations and during business trips. Employers typically co-finance meals purchased on ... Read More
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Debit Cards in Colombia
... in circulation and value of transactions. The performance of debit cards has been influenced by their increased use in online purchases, driven by the expansion of debit cards with security verification code (CVV), fostering their ... Read More
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Consumer Lending in Canada
... cost of living bears down on Canadians, thanks to inflation and steeper interest rates, credit has become their shelter from the financial storm. TransUnion Canada reports that the first quarter of 2023 saw an impressive ... Read More
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Debit Cards in Romania
... Clearing House) transactions continue to grow as consumer trust in these methods increases due to familiarity, appreciation for convenience and efficiency, and enhanced security measures. Additionally, debit cards are benefiting significantly from the rise in ... Read More
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Debit Cards in Sweden
... of debit cards is attributable to the high share of digital payments, the declining importance and use of cash and their ease of accessibility (even minors use them) versus credit cards. Indeed, there is almost ... Read More
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Pre-Paid Cards in France
... years, with the era of the pandemic seeing consumers allocate a part of their budgets (normally spent on outings and entertainment) to gift vouchers which could be used at a later date, namely when pandemic ... Read More
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Consumer Credit in Nigeria
... stabilise the economy, including ending a decades-old petrol subsidy that has seen prices triple and has also ended restrictions on foreign exchange, which has significantly weakened the naira. In addition, in order to stem inflation, ... Read More
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Debit Cards in France
... Card Transactions in France report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in ... Read More
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Financial Cards and Payments in Poland
... of payment methods so that the consumer and merchant can choose the most convenient option for them. Despite the decrease in the share of cash transactions made in Poland, cash payments still remain significant. POS ... Read More
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Financial Cards and Payments in Greece
... a slower pace, attributed to the positive economic outlook and relative stability after successive crises. Tourism, a significant economic driver, continues to provide momentum to the market. A notable shift from cash to digital and ... Read More
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Financial Cards and Payments in Canada
... rapidly. However, the surge has been fuelled by the inflation surges of 2022 and 2023. Nonetheless, cash transactions both personal and commercial will fall steeply throughout the forecast period, marking a sharp decline for the ... Read More
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Financial Cards and Payments in Romania
... a significant grey economy, and a widespread preference for cash transactions by both consumers and businesses. The prevalence of PoS terminals among merchants in Romania is below the EU average, further limiting the widespread adoption ... Read More
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Financial Cards and Payments in Turkey
... known as OVpay. Since the start of 2023, travellers on public transport have the option to use their debit, credit, or charge card, as well as mobile devices for making payments. Euromonitor International's Financial Cards ... Read More
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Consumer Credit in Egypt
... banks, over 280,000 agents, and a user base exceeding 49 million. MnT Halan claimed the fourth position, focusing primarily on small and micro businesses, and showcasing approximately 1.5 million monthly active users and over 2.5 ... Read More
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Pre-Paid Cards in Greece
... driven by the proliferation of digital wallets, contactless transactions, and e-commerce. Specifically, there has been an increase in demand for virtual cards tailored for e-commerce transactions (even though debit cards have been established as the ... Read More
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Consumer Credit in Israel
... by rising inflation and the increasing cost of living. With consumers directing their financial resources more towards essential needs like fuel, food, and energy, their inclination towards taking up loans decreased. Moreover, government aid during ... Read More
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Pre-Paid Cards in Canada
... wave of innovation from card issues that is redefining the landscape. One of the most notable developments is the debut of bespoke apps, streamlining the once-cumbersome process of card reloads into mere finger taps. Meanwhile, ... Read More
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Debit Cards in Greece
... transactions, and increasingly accounting for smaller, everyday transactions as consumers opt for their convenience. In 2022, the value of card transactions surpassed ATM withdrawals for the first time, and this trend persists in 2023, primarily ... Read More
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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
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Debit Cards in Poland
... coming into contact with the COVID-19 virus. In 2023, the decline in cash payments is signified by the decrease in the number of ATMs in the country. Debit cards are now being accepted in small ... Read More
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Pre-Paid Cards in Israel
... significant value loaded onto their Rav Kav pre-paid cards, the ease of paying for transportation through mobile apps like Moovit, Pango, Cello, and HopOn has been attracting users, particularly in the post-pandemic period. While there ... Read More
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Pre-Paid Cards in Egypt
... the Egyptian financial market. The successful proliferation of pre-paid cards has been accompanied by a notable increase in transaction volumes over recent years. In early 2023, the Central Bank of Egypt confirmed this trend, reporting ... Read More
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Debit Cards in Indonesia
... lifting of restrictions imposed to limit the spread of COVID-19 has been the main reason for the category’s strong performance. The high public interest in visiting shopping centres again, not only for shopping, but also ... Read More
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Debit Cards in Israel
... remarkably. Furthermore, the volume of transactions using debit cards witnessed an increase in 2023, showcasing a growth from the previous year. Euromonitor International's Debit Card Transactions in Israel report establishes the size and structure of ... Read More
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