Debit Card Market - Insights, Competitive Landscape, Opportunities And Forecast To 2031 || Key Players Like Capital One Financial Corp, American Express Company, Visa Inc, MasterCard, Citigroup Inc

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The global debit card market report by the business research company identifies reduction in the use of cash following various factors to be a major growth driver for the debit card market. Various institutional bodies and governments are trying to minimize the use of cash as cashless transactions reduce the risk of crime and money laundering, lessen tax evasion, and reduce transaction costs for businesses. For instance. In 2020, a bulletin released by the Bank for International Settlements, advisor to central banks across the world, stated - the pandemic would help gain momentum for cash fewer payments around the world. In June 2021, according to Financial Times, there is a 35% reduction in cash payments.

The global debit card market is expected to grow from $90.49 billion in 2021 to $93.23 billion in 2022 at a compound annual growth rate (CAGR) of 3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The debit card market is expected to grow to $96.84 billion in 2026 at a CAGR of 1%.

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Asia Pacific was the largest region in the debit card market in 2021. Western Europe was the second-largest region in the barbeques and grills market. The regions covered in the debit card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the debit card market are Capital One Financial Corp, American Express Company, Visa Inc, MasterCard, Citigroup Inc, PayPal Holdings Inc, Bank of America Corporation, JPMorgan Chase And Co, PayU, and State Bank of India.

The global debit card market is segmented -
1) By Card Type: Classic, Signature, Platinum, Gold
2) By Service Provider: Visa, Matercard, Rupay, Other Service Providers
3) By Application: Commercial, Bank, Shopping, Other Applications

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The Debit Card Market Report Contents Include
1. Executive Summary
2. Debit Card Market Characteristics
3. Debit Card Market Trends And Strategies
4. Debit Card Market - Macro Economic Scenario
5. Debit Card Market Size And Growth
....
27. Debit Card Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Debit Card Market
29. Debit Card Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the debit card market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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