What is Debit Card?

Question

What is Debit Card?

Accepted Answer

A **Debit Card** is a payment card that deducts money directly from a consumer's checking account when used for a purchase, functioning as a convenient, real-time electronic alternative to cash or checks, with global usage projected to exceed 1.11 trillion transactions by 2029 across all card types.

Debit Card

What is Debit Card?

What is the fundamental difference between a Debit Card and a Credit Card, and how does this impact consumer spending and global transaction volumes?

How does payment tokenization enhance the security of Debit Card transactions in the modern digital ecosystem?

What are the current global trends and market dynamics shaping the future of Debit Card usage and adoption?

How does the transaction process for a Debit Card work, and what are the associated fee structures for merchants and cardholders?

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