Market Report, "Debit Cards in Spain", Published
While the number of debit cards in circulation in Spain to decline for the third year in a row in 2011, the decline was slower than that recorded in 2010. This slowdown reflected a levelling off of the trend that saw consumers cancel non-essential or rarely used debit cards in order to reduce the amount they spent on banking fees, which increased in the aftermath of the economic crisis. The slowdown was also due to the fact that there were...
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