U.S. Debit Card Market Data Annual Review Report 2021: Change in Consumers' Payment Preferences that Shifted Away from Checks, Cash, and Credit Cards
Tuesday, August 17, 2021
DUBLIN, Aug. 9, 2021 /PRNewswire/ -- The "2021 Annual U.S. Debit Card Market Data Review: Unprecedented Double-Digit Growth" report has been added to ResearchAndMarkets.com's offering.
https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
Dollar volume spent on debit cards in the U.S. rose by 14% as a result of generous government benefits and a change in consumers' payment preferences that shifted away from checks, cash, and credit cards. This and other aspects of the current market for debit cards are reviewed in this report.
"This past year the market experienced a unique environment where consumers sharply shifted their payments towards the use of debit cards and because some of this shift came at the expense of credit cards, this was positive for debit issuers and, at the same time, positive for merchants as credit card transactions are nearly always more expensive to process than debit cards. Issuers are interested in encouraging the continued top-of-wallet position that debit cards have achieved, but competition from fintechs plus likely regulatory changes will make this an uphill battle," comments Sarah Grotta, Director, Debit and Alternative Products Advisory Service and author of the report.
Highlights of the report include:
-- Historic look at debit card purchase volumes and transaction totals for
2015-2020
-- Comparison of debit's growth with the recent decline of credit card use
-- The continued growth of card accounts driven in part by neo and
challenger banks
-- The growth of card-not-present activity
-- Commentary on the use of contactless
-- A three-year forecast of debit's projected growth and the near-term
influences that affect the forecast
-- Where issuers are focusing their current investments in debit.
Key Topics Covered:
-- Executive Summary
-- Introduction
-- 2020, The Year That Was
-- 2021 and Beyond
-- Where Debit Issuers Are Spending Their Resources
-- Conclusion
Companies Mentioned
-- Mastercard
-- Pulse
-- Star
-- Visa
For more information about this report visit https://www.researchandmarkets.com/r/w6pg9s
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
View original content:https://www.prnewswire.com/news-releases/us-debit-card-market-data-annual-review-report-2021-change-in-consumers-payment-preferences-that-shifted-away-from-checks-cash-and-credit-cards-301351059.html
SOURCE Research and Markets
|
|
|
|
|
 |
The New Identity Theft Crisis: AI Scams, Child Victims, and Credit Damage Are All Spiking | Jan 22, 2026
|
|
AllSci Launches Hypothesis Publishing: A Seamless Way to Share, Connect, and Advance Scientific Ideas | Jan 22, 2026
|
|
Canadian Fintech Tuhk Inc., Founded by Ethoca and NuData Security Veterans, Raises US$6 Million Seed Round Led by FINTOP, with Lloyds Banking Group and Capital One Ventures | Jan 22, 2026
|
|
Darwin CX Caps a Banner Year with AI Launch, Sold-Out Events, and Industry Book Launch | Jan 22, 2026
|
|
Fintech Startup BON Credit Secures $3.5 Million In Funding | Jan 22, 2026
|
|
PayDo Launches Unified Payment Infrastructure Suite for Digital Businesses | Jan 22, 2026
|
|
Nudge Security Unveils Industry's Most Comprehensive AI Security Governance Platform | Jan 22, 2026
|
|
IoTeX Publishes MiCA-Compliant Whitepaper for IOTX, Enabling EU-Wide Alignment Under the New Regulatory Framework | Jan 22, 2026
|
|
Gametime Launches "12 Days of Gametime" Holiday Giveaway in Partnership with Barstool Sports | Jan 22, 2026
|
|
TSX Venture Exchange Market Data Now Available Across Over 40 Blockchains via Chainlink | Jan 22, 2026
|
|
|
