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.