Recently Released Market Study: Debit Cards in the United Kingdom
Debit cards have been the winners in the current uncertain economic climate, as consumers aim to reduce debt on credit cards, due to high interest rates and, in some cases, credit card usage fees. Also, there has been a continued move away from the use of cheques, resulting in greater use of debit cards. The value of transactions rose by 10% in 2012 and 11% in 2013, to reach GBP402 billion, while transaction volumes rose by 4% and 6%, respectively....
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