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The recent history of debit card indicates the rise in the usage of debit cards. History of debit card reflects the dominance of the debit card as a means of making payments, becoming increasingly popular. This alternative means of payment is gradually gaining ground with each passing year.
The Magic of Numbers:
History of debit card shows that back in 1990, the count of debit cards in circulation was around 19 million. History of debit card also has it, that the initial years of the debit card era witnessed steep growth and by the year 2006 there were as many as 27.8 million debit cards.
The increase in the number of debit cards have sharply declined owing to the fact that the market is reaching a saturation point but that has not stopped debit card usage completely.
Statistically, history of debit card usage has followed a trend where one can expect the debit card usage to rise by 9.2 billion with the spending capacity to go up by 400 million.
In Nigeria, as well as around the world, a majority of taxpayers view tax not as a contractual contribution to government expense, but as an involuntary tribute to be paid to avoid prosecution and penalty. Merely transcribing taxes from economic textbooks into local law will not work; tax regimes have to be developed from within the society, and targeted at the peculiar needs of the government. Tax policies have to be written by the people – and for the people. Only then would a sense of participation and expectation be truly generated, and the tax system manifestly effective. Read more
Joseph E. Stiglitz,
Stephen S. Roach,
Mario Blejer & Eduardo Levy Yeyati,
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