Debit Transactions

Debit card transactions are seeing healthy growth in 2022, both in terms of volume and value. These cards are commonly used for high frequency low-value transactions although the principal function of debit cards is for cash withdrawal at ATMs in…

The frequency of using debit cards for purchasing transactions has been very dependent on a few factors. Firstly, it has depended on the vaccination programme. As of mid-year 2022, Indonesia had reached 96% of the population receiving their first…

Within Latin America, Chileans enjoy significant access to electronic payment methods, mainly because of CuentaRUT, which is linked to more than 14 million debit cards in the country. CuentaRUT is a debit account specially designed to support banking…

The number of debit cards continues to rise in India in 2022, with this financial card remaining the most popular format. Nevertheless, volume growth is slower compared to the previous two years when the pandemic heightened safety and hygiene fears…

Debit cards remained the most popular type of financial card in Sweden in 2022, in terms of the number of cards in circulation, and current value and volume transactions. At the start of the review period, the combined number of credit and charge…

A shift to cashless payments among local consumers continues to drive growth in debit card use among Ukrainians in 2021. Although COVID-19 has played a certain role in this by making some (particularly older consumers) more reluctant to handle notes…

Debit cards remained on a growth path across all indicators in 2022, while the influence of the pandemic on everyday life in Germany significantly declined. This highlighted the permanent shift away from cash, primarily towards debit cards, which…

Debit cards continue to dominate payment cards in Spain, with retail constant value sales (2022 prices) that were greater than those of charge cards, credit cards and store cards combined during 2022. Retail constant value sales of personal debit…

Social distancing during the COVID-19 pandemic affected banks’ activities, leading banks to focus on existing active debit card accounts, rather than focusing on new accounts as a key performance indicator. Issued debit cards must be "active" and the…

The COVID-19 pandemic, which suppressed consumer spending across the board, had a strongly negative impact on debit cards in 2020 and 2021 with notable declines registered in transaction value and overall reduction in the number of cards in…

Debit cards registered very positive growth in transactions volume and value terms in 2022 as the number of difficulties in circulation continue to increase significantly. The expansion that continues being seen in the use of debit cards is part of a…

The continued recovery of international travel and tourism is boosting debit card transactions in 2022, as many countries revoke COVID-19 pandemic travel restrictions and outbound tourism accelerates. By late 2021, Danmarks Nationalbank had announced…

Having slowed significantly during the pandemic, the rate of growth in both the number and value of debit card transactions accelerated during 2021. This acceleration was driven by an economic rebound as COVID-19 restrictions were eased, which…

In contrast to their structural decline prior to the pandemic, the number of debit cards is still posting a robust growth in 2022, under the impetus given by the growing number of functions – while average transaction values are more modest.

Although the local economy has reopened since the effects of the pandemic have waned, Australians are continuing to shop online. The convenience of being able to shop from home and the delivery speeds of brands such as Amazon are allowing consumers…

Debits card are by far the most popular payment card in Russia and card spend is expected to register a double-digit value increase in 2021, as it did in 2020, as the pandemic accelerates the move away from cash. Consumers are showing particularly…

Debit cards is expected to continue to see healthy growth, both in terms of cards in circulation and transaction values. There is still considerable potential for growth for debit cards as Turkey still has a sizeable unbanked population and debit…

A more positive economic landscape with a decline in unemployment rates and the lifting of COVID-19 restrictions boosted debit cards transactions in early 2022. The value per transaction saw a small decline, with this being largely driven by private…

The issuance of debit cards, as well as their use, continues to grow significantly in 2022, although to a lesser extent than that observed in 2021. In fact, it is noted that the use of debit cards did not decrease throughout the pandemic, which, on…

Personal debit cards remains the most popular and widely issued type of financial card in circulation in Nigeria in 2022, growing strongly with the enhancement of the financial inclusion policy. This policy, formed by the Central Bank of Nigeria in…