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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

  • Debit Cards in Ukraine

    ... pay-now function to avoid hidden costs and risks. The rising banked population continued to support the development of financial cards, especially debit. While many Ukrainians still lacked access to banking services in 2017, the number ... Read More

  • Financial Cards and Payments in Ukraine

    ... consumers’ changing habits. The number of card-orientated Ukrainians continued to increase, as more people favoured the convenience of quick and easy card payments. Although many consumers continued to favour traditional cash payments, the need to ... Read More

  • Consumer Lending in Mexico

    ... 3% goal, the growth rate started to contract, showing different trends for energy and non-alimentary goods. Euromonitor International's Consumer Lending in Mexico report establishes the size and structure of the market for ATMs cards, smart ... Read More

  • Pre-Paid Cards in India

    ... of value performance, open loop pre-paid cards recorded stronger growth. This was observed due to the rising number of corporate gift cards chosen by companies in 2017. Furthermore, due to demonetisation, pre-paid cards were chosen ... Read More

  • Debit Cards in India

    ... whereby all INR500 and INR1,000 notes were declared invalid. Consumer across the country were given until 31 December to exchange all old notes with new ones. Euromonitor International's Debit Transactions in India report establishes the ... Read More

  • Financial Cards and Payments in India

    ... 2016. Demonetisation resulted in all INR500 and INR1,000 notes becoming invalid overnight. The government allowed consumers to exchange all old notes against new ones by 31 December 2016. Due to this 2-month phase, there was ... Read More

  • Credit Cards in Mexico

    ... credit card, rather than carry a large amount of cash around, or the consumer may not have the funds for such items at the moment of purchase. In addition, consumers paying with a credit card ... Read More

  • Debit Cards in Mexico

    ... of payment methods, including Debit Cards. Mexican consumers also preferred to use debit cards to withdraw money from ATMs to meet their monthly expenses or ensure that they had cash for small transactions, because many ... Read More

  • Pre-Paid Cards in Mexico

    ... transport systems use pre-paid cards, including Mexico City, Toluca, Mérida, Coahuila, Guadalajara, Puebla and León. In addition, Nuevo León recently introduced “Feria” transportation cards. Euromonitor International's Pre-Paid Transactions in Mexico report establishes the size and ... Read More

  • Financial Cards and Payments in Mexico

    ... continued to lead in terms of transactions due to the high unbanked population in the country. In 2017, debit cards saw strong growth as a payment method as more retail outlets accepted financial cards. Moreover, ... Read More

  • Pre-Paid Cards in Canada

    ... 2001. Open-loop prepaid cards continued to account for the bulk of prepaid cards in circulation, at just under two thirds, but accounted for less than half of payment value in 2017. Conversely, closed-loop cards led ... Read More

  • Financial Cards and Payments in Canada

    ... base. Credit cards continue to dominate the category and are the most commonly used non-cash form of retail payments. Continued growth and popularity of online shopping, a wide array of competitive offerings leading to increased ... Read More

  • Debit Cards in Canada

    ... credit card. On average every Canadian has 1.3 debit cards. Having said this, this widespread penetration makes it a challenge to create further significant growth in the space. At the same time, the opportunity might ... Read More

  • Payments in France 2017: What Consumers Want

    ... which unlike bank-issued credit cards carry less stringent qualification requirements. Private-label card issuers collaborate with supermarkets, car repair workshops, and retailers of digital content to issue co-branded private-label cards. French e-commerce market is highly developed, ... Read More

  • Payments Landscape in France: Opportunities and Risks to 2021

    ... Italy, Spain, and Canada. Average annual spend per card is also the highest in France. Debit and charge are the most popular types of cards, while credit card usage is low due to the debt-averse ... Read More

  • Payments in the UAE 2017: What Consumers Want

    ... 2017. This was primarily because consumers in the UAE see cash as a quicker and safer payment option over which they have more control. However, card payments are gradually increasing supported by government financial inclusion ... Read More

  • Payments Landscape in Brazil: Opportunities and Risks to 2021

    ... It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e). The report also analyzes various payment ... Read More

  • Payments in Brazil 2017: What Consumers Want

    ... to basic financial services. However, payment cards are emerging as a substitute for cash, as the government and banks begin to provide basic financial access to the unbanked. This includes the government’s policy for financial ... Read More

  • Payments in Australia 2017: What Consumers Want

    ... and credit cards at the point of sale (POS) - indeed, the two card types are used almost interchangeably. The rising popularity of contactless payments has also contributed to the growth of payment card transaction ... Read More

  • Payments Landscape in Australia: Opportunities and Risks to 2021

    ... It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e). The report also analyzes various payment ... Read More

  • Debit Cards in Thailand

    ... cards must be chip-based, while existing magnetic stripe cards currently in use must be transformed to chip cards by 31 December 2019. Moreover, in August 2016, the government also announced further legislation under which all ... 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

  • Debit Cards in Egypt

    ... Egyptians also prefer to use cards instead of cash for security reasons. In addition, companies find it more efficient to pay their employees’ salaries into bank accounts instead of paying in cash. All governmental and ... Read More

  • Pre-Paid Cards in Egypt

    ... salaries, and they often head to the nearest ATM and withdraw all of their salary at once. Only a very small percentage keeps some of their salary on their card to use for purchases at ... Read More

  • Pre-Paid Cards in Thailand

    ... their customers by offering new payment channels in the application, for example, top-up mobile, top-up games, top-up Easy Pass, payments for utilities such as water and electricity, as well as for purchasing movie tickets, insurance ... Read More

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