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Debit Cards Market Research Reports & Industry Analysis

A debit card may also be referred to as a check card or bank card. Similar in appearance to a credit card, a debit card is connected to a bank account and allows the cardholder electronic access to the account. Some debit cards draw against a stored value and others send a message to the financial institution to withdraw funds from a specific account.

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.

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Debit Cards Industry Research & Market Reports

  • Financial Cards and Payments in Russia

    ... the fact that Russian consumers and financial institutions, including banks, adapted to the significantly worsened economic situation and its consequences. Euromonitor International's Financial Cards and Payments in Russia report establishes the size and structure of ... Read More

  • Credit Cards in Russia

    ... A credit card is a more complex financial instrument compared with the other types of financial cards and requires a higher level of financial literacy among consumers and more attention and investments from financial institutions, ... Read More

  • Debit Cards in Russia

    ... cards declined over 2012-2017 in terms of the number of cards in circulation and was acquired mainly by pre-paid cards. As financial literacy among Russian consumers increases, the more they understand about the advantages of ... Read More

  • Pre-Paid Cards in Russia

    ... players’ interest in these products has cooled, as there were not many new product launches in 2017, while it was a major trend previously in the review period. However, the falling momentum might be partly ... Read More

  • Financial Cards and Payments in China

    ... commercial banks aim to develop and promote their credit transactions by launching various products to attract a higher number of consumers and even encourage cardholders to pay automobile and house instalments by credit card. In ... Read More

  • Debit Cards in China

    ... debit cards functions to provide safer payment methods and offer greater convenience to cardholders. Commercial and local banks are developing collaborations with social welfare institutions, transportation, merchants and universities to expand their services to a ... Read More

  • Pre-Paid Cards in China

    ... increasingly willing to link their debit/credit accounts to mobile apps such as Wechat and Alipay to make transactions instead of purchasing pre-paid cards. Pre-paid cards are mostly delivered by organisations as employee benefits and consumers ... Read More

  • Consumer Lending in China

    ... balance. As a result, a number of local commercial banks have slowed down their lending activities, while some cities have even stopped issuing new loans to borrowers. On the other hand, the number of housing ... Read More

  • Cards Global Market Report 2018 Including: Credit Card; Debit Card; Charge Card; Prepaid CardCovering: American Express Company, Visa, Mastercard, FIS, Bank of America

    ... the strategists, marketers and senior management with the critical information they need to assess the global cards market. Reasons to Purchase Outperform competitors using accurate up to date demand-side dynamics information. Identify growth segments for ... Read More

  • Pre-Paid Cards in Colombia

    ... perceived as a safe payment option to avoid carrying cash or paying handling fees, and an easy way to provide a gift. However, their specific limits and restricted use makes them accessible and usable for ... Read More

  • Pre-Paid Cards in Vietnam

    ... disadvantage preventing this type of card from penetrating the mass market. Only a few banks, such as HSBC, ACB, East Asia and Sacombank, offer a top up function via ATM machines or internet banking. Euromonitor ... Read More

  • Debit Cards in Colombia

    ... financial technology with innovative services. However, the major financial entities in the country have been implementing apps to help their customers manage their saving accounts through their mobile phones. These apps are revolutionising debit card ... Read More

  • Financial Cards and Payments in Colombia

    ... 2016 which raised the taxes of citizens. Despite inflation slowing down slightly, interest rates remain very high in terms of access to credit. However, these same consumers are also making more requests for credit and ... Read More

  • Debit Cards in South Africa

    ... are issued with a South African Social Services Agency (SASSA) debit MasterCard. Over 17 million beneficiaries received social grants through the SASSA debit card in 2017. Therefore, social grant payments continued to boost debit transactions ... Read More

  • Financial Cards and Payments in South Africa

    ... of different types of card products, to offer financial services to unbanked and underserved consumers, boosted financial card payments in 2017. To support the government's financial inclusion plan and better serve the unbanked or underserved ... Read More

  • Pre-Paid Cards in South Africa

    ... the closed loop format due to the expansion of transportation cards. This was driven by the implementation and expansion of the National Infrastructure Plan. The plan includes initiatives like the government’s drive for infrastructure development ... Read More

  • Debit Cards in Vietnam

    ... helped to maintain healthy growth in the number of debit cards in circulation. However, many Vietnamese still have the habit of using the cards only to withdraw cash from ATM machines, rather than for payment ... Read More

  • Financial Cards and Payments in Vietnam

    ... new payment methods such as using financial cards and are making the switch from cash to card transactions. To tap into this strong potential market, banks and industry players constantly launch promotion campaigns to encourage ... Read More

  • Pre-Paid Cards in Nigeria

    ... they also want all card holders to have the products tied to their accounts, in order to grow the customer base of the bank. A Central Bank of Nigeria regulation has pegged the cost of ... Read More

  • Debit Cards in Australia

    ... that are partnering with technology giants and start-ups to offer the latest advancements to better entice consumers. However, the Reserve Bank of Australia is also warning banks about the possibility of further regulations to curb ... Read More

  • Pre-Paid Cards in Australia

    ... loop pre-paid cards, are part of a renewed strategy by companies such as Qantas that are integrating comprehensive loyalty programmes with additional services such as multiple currency loading and locking. In the highly competitive consumer ... Read More

  • Debit Cards in Nigeria

    ... Nigeria introduced daily cash withdrawal restrictions, limiting consumers to no more than NGN150,000 at a bank counter. However, 2017 saw the country’s economy recover and cash withdrawal transactions increase. This benefited debit cards as many ... Read More

  • Payments Landscape in the Philippines: Opportunities and Risks to 2021

    ... in 2017. This is mainly due to the high unbanked population, inadequate banking infrastructure, limited public awareness of electronic payments, and low acceptance of payment cards at merchant outlets. However, with concentrated efforts by the ... Read More

  • Payments in Russia 2017: What Consumers Want

    ... cards, and have led to the widespread issuance of debit cards. This was further supplemented by the large-scale issuance of domestic payment card Mir. The government mandate that all public sector employees and workers who ... Read More

  • Payments Landscape in Russia: Opportunities and Risks to 2021

    ... of issuing cards, and have led to the widespread issuance of debit cards. This was further supplemented by the large-scale issuance of domestic payment card Mir. The government mandate that all public sector employees and ... Read More

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