The Global Debit Card Market Report by The Business Research Company covers debit card market drivers and restraints, debit card market size, major players, and the impact of COVID-19 on the debit card market.

The debit card market consists of sales of debit card services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. Debit cards are payment cards that are linked directly to a customer’s bank account and can be used to make purchases and withdraw cash. Debit cards usually have daily purchase and cash withdrawal limits and transactions made via these cards appear on the accountholder’s bank statement each month. This market excludes cash withdrawals through a cash dispenser. Only goods and services traded between entities or sold to end consumers are included.

Reduction in the use of cash following various factors contributed to the growth of the debit card market. The global debit card market is expected to grow from $91.37 billion in 2020 to $94.08 billion in 2021 at a compound annual growth rate (CAGR) of 3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The debit card market is expected to reach $97.92 billion in 2025 at a CAGR of 1%.

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Some debit card market trends include cryptocurrency debit cards. Crypto debit cards act as an efficient bridge between the existing financial systems and the crypto world. They offer instant purchasing power from bitcoin or other cryptocurrencies.

Global debit card market segments include:

1) By Card Type: Classic, Signature, Platinum, Gold.

2) By Service Provider: Visa, Mastercard, RuPay, Others.

3) By Application: Commercial, Bank, Shopping, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Debit Card Global Market Report 2021: COVID-19 Impact and Recovery To 2030 is one of a series of new reports from The Business Research Company that provides debit card market overviews, analyzes and forecasts market size, share, debit card market players, debit card market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The debit card market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Debit Card Global Market Report 2021: COVID-19 Impact and Recovery To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Capital One Financial Corp, American Express Company, Visa Inc, MasterCard, Citigroup Inc, PayPal Holdings Inc, Bank of America Corporation, JPMorgan Chase And Co, PayU, State Bank of India, HDFC Bank Ltd, US Bank, Wells Fargo

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Debit Card Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Debit Card Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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