Debit cards feeling more consumer love

When making payments, more consumers are reaching for debit cards. Debit usage has been steadily on the rise among U.S. consumers for the past decade. The same is true for global consumers. Roughly 70 percent of all global payment cards today are debit.

Furthermore, debit card growth does not show any signs of slowing in the global arena. In its “Global Payment Cards Data and Forecasts to 2021” study, strategic research and consulting firm RBR predicts debit cards will represent 72 percent of all payment cards by 2021. This may be good news for debit issuers.

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