Financial Services

Global Debit Card Market Outlook, Opportunities And Strategies

December 10, 2021December 10, 2021 by The Business Research Company

Learn about the global debit card market through The Business Research Company, which provides information on debit card market size, debit card market drivers and restraints, debit card market players, the COVID-19 impact on the debit card market, and more.

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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%.

Reduction in the use of cash following various factors is expected to drive innovation in debit card manufacturing, thus driving the market during the forecast period.

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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.

Global debit card market segments include:

By Card Type: Classic, Signature, Platinum, Gold

By Service Provider: Visa, Mastercard, RuPay, Others

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.

Cryptocurrency debit card is a new trend in the cards industry. 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.

TBRC’s debit card market report covers:

Major Market Players: 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.

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)

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, leading competitor revenues, profiles and market shares.

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

Here Is A List Of Similar Reports From The Business Research Company:

Mobile Payment Technologies Global Market Report 2021

Payments Global Market Report 2021

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