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Mercator Advisory Group Releases New Research, Debit Card Trends in the Asia-Pacific Region

·2 min read

Mercator Advisory Group releases a new research report that examines how financial inclusion, payment legacy, COVID-19, the regulatory environment and other influences are effecting the trends for debit cards in seven countries.

BOSTON, Dec. 22, 2020 /PRNewswire-PRWeb/ -- Mercator Advisory Group released a new report titled Debit Card Trends in the Asia-Pacific Region and finds that debit card use in the region is far from monolithic. Countries such as Australia and Japan have some similarities to the North American debit market, with a high degree of financial inclusion and a long history of card use. In contrast, countries such as China, India and Indonesia have relied primarily on cash until very recently.

"We find some interesting trends in debit card adoption in each country. Those nations that have been primarily cash based societies are moving towards mobile based solutions supported by QR codes at the point of sale at an incredible pace. This approach also supports another trend; the preference for local networks with technology and data that never leave the country," comments Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group and author of the report.

Highlights of the report include:

  • Analysis of the most influential trends in the debit card market in Australia, China, India, Indonesia, Japan, Korea, and Singapore.

  • A review for each country of account ownership, the number of debit cards issued, 2019 transaction levels and value processed expressed in U.S. dollars for comparison purposes.

  • Transaction volumes processed by country from 2015 through 2019, with pre-and post- pandemic forecasts for 2020-2021.

This report has 17 pages and 7 exhibits.

Companies mentioned in this report include: China Union Pay, eftpos, Facebook, Google, JCB, Mastercard, National Payment Corporation of India, NetsUnion Clearing Corporation, Peoples Bank of China, RuPay, Visa, Walmart.

Members of Mercator Advisory Group's Debit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.

For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send e-mail to info@mercatoradvisorygroup.com.

For free industry news, opinions, research, company information and more visit us at http://www.PaymentsJournal.com.

Follow us on Twitter @ http://twitter.com/MercatorAdvisor.

About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.

Media Contact

Karen Yetter, Mercator Advisory Group, 781-419-1700, kyetter@mercatoradvisorygroup.com

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SOURCE Mercator Advisory Group