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Debit Card Market Share 2023, Global Trends, Demand Factors And Outlook Report 2023
Debit Card Market
As per the debit card market report by The Business Research Company, Reduction in the use of cash following various factors contributed to the growth of 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.
The global debit card market grew from $93.23 billion in 2022 to $94.64 billion in 2023 at a compound annual growth rate (CAGR) of 1.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The debit card market is expected to grow from $98.88 billion in 2027 at a CAGR of 1.1%.
Read More On The Debit Card Market Report Here:
https://www.thebusinessresearchcompany.com/report/debit-card-global-market-report
Major competitors in the debit card market include 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 debit card market is segmented -
• By Card Type: Classic, Signature, Platinum, Gold
• By Service Provider: Visa, Matercard, Rupay, Other Service Providers
• By Application: Commercial, Bank, Shopping, Other Applications
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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.
The Table Of Content For The Debit Card Market 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
The "Global Debit Card Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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