When making a purchase, consumers can choose to use cash, cheques, debit cards, credit cards as well as electronic payments services like PayPal and Interac Online. The average credit card limit for 41% of Canadians is around $10,000 or more.
With the value of contactless . The Reserve Bank has published monthly and quarterly statistics on Australian payment systems from its Retail Payments Statistics (RPS) collection since 2002, with some series dating back as far as 1985.
A May 2021 report by the Board of Governors of the Federal Reserve Systems 13 found that "Across all debit and general-use prepaid card transactions for covered issuers, fraud losses to all parties as a share of the transaction value were 12.4 basis points in 2019, or $12.40 per $10,000 in transaction value." Debit cards outstrip credit cards by a ratio of 2.21 to 1, up from 1.81 to 1 five years ago. Debit cards account for 67% of card payments. Meanwhile, in 2011 there were 1,994,972 credit cards in the country, but the figure had . There are 1.06 billion credit cards in use in America, and 2.8 billion credit cards in worldwide. <p>Santo Domingo, DR Debit cards have increased 60% in the Dominican Republic in the last ten years, while credit card usage has increased by 29%. B2B segment is expected to roll out the highest CAGR from 2021 . The total number of debit cards in circulation is not available due to overlapping of debit card brands in a single card. Card ownership. Review the best debit cards for kids with impressive features for parents, too. The 7 largest credit card issuers generated $3.517 trillion in purchase volume in 2021, up 25.6%. 2. Below is a summary of the core findings from each section of the report: Total outstanding credit card balances continued to grow and peaked in 2019 at $926 billion, but , by the second quarter of 2020 , consumers reduced card balances to $811 billion, Accessed Feb. 5, 2021. Between 2020 - 2025, mobile payments use will continue to its unstoppable rise with 26.93% of CAGR. But PYMNTS also asked about PayPal and mobile wallet use. Popular: Enjoy 1% cashback when you make marketing and SaaS purchases. Monthly Spend. In 2020 payment volumes declined by 7% to 15.8 billion. 1. On a quarterly basis, the total . Digital debit card transactions will be $21.20 billion in 2021, making up 11.5% of the total digital payment card transactions. 13% of consumers reported fraudulent charges on their debit cards in 2020. Chime has over 13 million customers, 8 million of which use Chime as their primary bank. 5. Over 70 million people use Venmo, most users are based in the US. Debit card purchase volume in the U.S. in 2000 and 2010, with a forecast for 2018 Number of Visa debit cards in the U.S. and worldwide 2016-2021 Number of MasterCard debit cards in the U.S. and. Merchants, including millions of small businesses, must pay fees to card issuers, usually banks, and card networks like Visa and Mastercard, in order to accept debit cards. GoHenry - Best for Low Monthly Fee. Americans aged 50 to 59 just barely hold the most credit card debt at 22.6%. The global debit cards market size is expected to grow to $96.84 billion in 2026 at a CAGR of 1%. Fast, Convenient, Safe & Secure! Members of Generation X have an average debt of $7,236. ANIMALS. 18. Debit Card Catalog - Fall 2021. Credit cards trail behind debit cash as the most popular payment option, according to the 2020 findings from the Diary of Consumer Payment Choice (24% of respondents preferred credit as a form of payment in 2019 versus 30% for debit and 26% for cash). Credit cards as a form of payment have increased since 2016, increasing from 24% of payments in 2019 to 27% of . As of 2021, the average American family holds over $5,000 in credit card debt. Contactless 2020 BEA has been researching the use of card transaction data as an early barometer of spending in the United States. The average credit card debt per household is $8,590. PYMNTS also forecasts that cash will represent 11.2% of the U.S. GDP by 2021 (compared to the 12.6% reported in 2016), a gradual decline according to the report. 1 The year 2020 saw consumers making fewer payments overall - a decline that the pandemic likely contributed to. According to a report by the Aite Group, identity theft cases resulted in losses of $712.4 billion in 2020. That's an increase of 161.7%. 70% of people have at least one credit card. According to cash vs credit card spending statistics, cash is still king, although its share is declining on a yearly basis, from 33% of all payments in 2015 to 30% in 2017. In the $10 to $24.99 payment range, cash and debit card usage are nearly identical at 33 and 32 percent, respectively. April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. The cards are used in commercial, bank, shopping, other applications. 80% of cash transactions are for payments under $25. Cash vs Credit Card Spending Statistics (Editor's Pick): Almost 60% of consumers prefer using cards. Usage per Active Card 2019 2018 Debit KPIs Card Brand Percentage of Transactions is the ratio of card brand transactions to total POS transactions, and is also referred to as "transaction mix." The change in terminology to "card brand" % * * * Card-not-present. Make the monthly minimum payment for each account. Venmo key statistics. Direct debits remain a popular payment method in Ireland and increased to 139.4 billion in 2020, a 4 per cent increase from 2019 levels. + Robinhood reported an ARPU (average revenue per user) of $53 . Card issuers and merchants incurred 88% and 12% of those losses, respectively, with the . Merchants, including millions of small businesses, must pay fees to card issuers, usually banks, and card networks like Visa and Mastercard, in order to accept debit cards. The comprehensive statistics within the report provides insight into the operating environment of . (2) Consumers aged 18 to 29 hold the lowest percentage of US credit card debt at 7.2%. 11% of consumers were notified by the card issuer of actual or . Since the emergence of COVID-19, dramatic and fast-moving changes to the U.S. economy have increased the public and policymakers' need for more frequent and timely economic data. General-purpose prepaid . Online Debits and Credits: Debit or credit payments initiated in online point-of-service . Credit card debt statistics are from the third quarter of each year. Capital One MONEY Teen Checking - Best for Teens. A breakdown of the number of credit/debit cards currently issued to Irish residents is also provided. Chime generated $600 million revenue in 2020, mostly through a process called interchange. Number of MasterCard debit cards in the U.S. and worldwide 2019-2021 Basic Account Get to know the platform You only have access to basic statistics. Contact For questions or comments or to be added to the FRPS mailing list, please contact frpaymentsstudy@frb.gov. PayPal, . But merchants cannot select low-fee networks unless the issuer enables those . Global Credit card and debit card fraud resulted in losses amounting to $28.58 billion during 2020. In India, credit and debit cards compete with Unified Payments Interface (UPI) payments in terms of usage. The Top 10 Debit Card for Kids. 400. In 2017, 56 percent of payments under $10 were conducted using cash while data from the 2018 Diary show that share declined to 49 percent, though cash was used more than twice as often as debit cards, at 23 percent. U.S. credit card debt as a whole reached an all-time high in 2019, peaking at $930 . Min. Americans make an average of 41 payments per month, 12.4 of which they make with cash. The following statistics will give you a better sense of the credit card and debit card fraud landscapes as well as how both have changed over the years. The average consumer uses 3.6 different payment methods each month. Credit card debt statistics are from the third quarter of each year. The amount of debit cards is growing at a faster rate than that of credit cards, according to RBR's Global Payment Cards Data and Forecasts to 2021 study. 21. . They accounted for 77.1% of the industry's $4.564-trillion total. Robinhood Revenue Statistics (2022) + Robinhood revenue for Q1 2022 decreased 43% to $299 million, compared with $522 million in the first quarter of 2021. Credit card interest rates hit a new high of 16.98% in 2019 ( source) and were at 16.17% in the first quarter of 2022. At nearly 90% usage, debit cards are much more popular with students than credit cards are. Studies suggest around 47%-58% of Canadians pay off their credit cards in full each month. Debit cards now account for 68.8 percent of all cards issued in Europe, with compound growth in the number of debit cards at 4.25 percent over the last five years. Greenlight - Best for Investing. Data source: Experian (2022). Americans' total credit card balance is $841 billion in the first quarter of 2022, according to the latest consumer debt data from the Federal Reserve Bank of New York.
Top U.S. Debit Card IssuersPurchase Volume in 2021 Purchase volume generated by the nine largest issuers of Visa and Mastercard debit and prepaid cards in the U.S. totaled $1.893 trillion in 2021, up 18.5% over $1.598 trillion in 2020. Debit card fraud was at its lowest in 2018, when 17% of consumers reported debit card fraud. While total volumes declined, the share of overall . 1. Card transactions by UK cardholders both in the UK and overseas: There were 1.7 billion debit card transactions in February, 32.9 per cent more than in February 2021 and 15.1 per cent more than February 2020. 12% of consumers reported their card was lost or stolen in 2020. The number of prepaid debit card payments increased to 13.8 billion with a value of $0.35 trillion in 2018, an increase of 2.6 billion and $0.06 trillion from 2015. According to GlobalData's Payment Cards Analytics, card payments in the Philippines will grow by 15.4% in 2021 to be valued at PHP2.1 trillion (US$43.4bn). 49% of people preferred PayPal as an online payment method in 2019. ( Experian) In the EU, the number of cards carried per inhabitant ranges from 0.8 to 3.9. The APR on credit card accounts dropped in 2020 - 21 but is on the rise again. The total spend of 54.5 billion was 11 per cent higher than February 2021 and 5.4 per cent higher than February 2020. 2021. Credit card fraud increased from 17,236 reports in the first quarter of 2015 to 45,120 reports in the same quarter of 2020. 3. That was a 42% increase from 2019, when identity theft caused $502.5 billion in losses . 14% of Americans have at least 10 credit cards. However, the preference for debit cards and credit has been increasing steadily year-over-year. 90% of households use more than one payment method. In February 2021, the total revolving debt in the US was $974.6 billion. Debit cards remained the most widely used - barely - with consumers making 28% of their payments with debit cards followed by 27% with credit cards. Still, besides the pros of cash, about 70% of . The supplemental report covers general-purpose credit, debit, and prepaid cards, ACH transfers, checks, and alternative payments methods. In 2021, Chime was valued at $25 billion. These statistics cover the direct entry system, the ATM system, cheque payments, the New Payments Platform, as well as credit and charge . Venmo processed $230 billion in total payment volume in 2021, a 44% increase year-on-year. 24. The data summarized in the report are collected through mandatory surveys of debit card issuers subject to the interchange fee standard in Regulation II (covered issuers) and payment card networks. Cash was still the most popular . Americans have 3.84 credit cards on average. 1. 45% of consumers prefer stored card information for online transactions. (Statista Market Outlook, 2021) By 2025, it is predicted that the average value per user in the US will be $11,755 for Digital Commerce. 2021. Later in May 2019, Visa partnered with Paytm Payments Bank to launch Visa debit cards. Studies suggest 15% of Canadians have a credit card spending limit . Mobile payment uses grows by 26.63% in the years 2020 - 2025 that overtakes cash and card payments. 354,070,262: 383,034,454: 467,054,748: . $5,221. General-purpose prepaid debit card payments accounted for 43.7 percent of all prepaid debit card payments in 2018 by number, up from 37.9 percent in 2015. Verdict Financial's "Debit Cards Usage Analytics by Card Scheme (VISA-MASTER): Thailand" report acts as an essential tool for companies active across the Thai cards and payments value chain and for new players considering entering the market. . . The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search - well, at least we think so but you be the judge. Debit cards now represent 70% of . YOUR CHOICE TAP TO PAY. 14. Credit Card Fraud Occurrences Have Risen 161%. In contrast, debit cards were identified as the payment method in 63,352 fraud reports. . Americans in the 90th to 100th annual income percentile had an average credit card debt of $12,600. The same thing goes when it comes to Mobile POS Payments. PayPal acquired Venmo in 2013 for $800 million, as part of its acquisition of Braintree.
China's is $1,460, while Europe's is $1,402. OCBC Plus! debit cards remained the most frequently used payment method in the UK, being used for over four in ten payments. Average credit cards per person in America: 2.7 credit cards per person. ( Shift Processing) Americans have an average of four credit cards. The average transaction value per user in the US is $2,060 in 2020. It's the first decrease since the first quarter of 2021. Crypto backed debit cards . Digital wallets saw an increase of 20.4% in 2020. Another 39 percent say they chose BNPL over use of a credit card, and the remaining 31 percent indicate BNPL was a substitute for a debit card or cash . Nikhil Reddy, Senior Payments Analyst at . Over the course of 12 months, the average credit card balance for a student is just over $1,180 ( Sallie Mae ). Credit card debt was the most widely held type of debt as of 2019. When comparing both years, 88.6% of all card payments in 2020 were contactless, according to Barclaycard. 2-3. YOUR DEBIT CARD. The Credit and Debit Card Statistics provide data in relation to credit and debit card transactions, including a sectoral breakdown of expenditure, E-commerce, spending outside Ireland, and data pertaining to the role of debit cards. This statistic is not included in your account.. 23 May 2016. New Australian Banking Association (ABA) analysis of RBA data shows the use of debit cards continues to sharply rise, 17 per cent in 2020, in comparison to cash withdrawals that fell by 10 per cent in the same period, while cheques made up less than 0.5 per cent of all transactions.
With the value of contactless . The Reserve Bank has published monthly and quarterly statistics on Australian payment systems from its Retail Payments Statistics (RPS) collection since 2002, with some series dating back as far as 1985.
A May 2021 report by the Board of Governors of the Federal Reserve Systems 13 found that "Across all debit and general-use prepaid card transactions for covered issuers, fraud losses to all parties as a share of the transaction value were 12.4 basis points in 2019, or $12.40 per $10,000 in transaction value." Debit cards outstrip credit cards by a ratio of 2.21 to 1, up from 1.81 to 1 five years ago. Debit cards account for 67% of card payments. Meanwhile, in 2011 there were 1,994,972 credit cards in the country, but the figure had . There are 1.06 billion credit cards in use in America, and 2.8 billion credit cards in worldwide. <p>Santo Domingo, DR Debit cards have increased 60% in the Dominican Republic in the last ten years, while credit card usage has increased by 29%. B2B segment is expected to roll out the highest CAGR from 2021 . The total number of debit cards in circulation is not available due to overlapping of debit card brands in a single card. Card ownership. Review the best debit cards for kids with impressive features for parents, too. The 7 largest credit card issuers generated $3.517 trillion in purchase volume in 2021, up 25.6%. 2. Below is a summary of the core findings from each section of the report: Total outstanding credit card balances continued to grow and peaked in 2019 at $926 billion, but , by the second quarter of 2020 , consumers reduced card balances to $811 billion, Accessed Feb. 5, 2021. Between 2020 - 2025, mobile payments use will continue to its unstoppable rise with 26.93% of CAGR. But PYMNTS also asked about PayPal and mobile wallet use. Popular: Enjoy 1% cashback when you make marketing and SaaS purchases. Monthly Spend. In 2020 payment volumes declined by 7% to 15.8 billion. 1. On a quarterly basis, the total . Digital debit card transactions will be $21.20 billion in 2021, making up 11.5% of the total digital payment card transactions. 13% of consumers reported fraudulent charges on their debit cards in 2020. Chime has over 13 million customers, 8 million of which use Chime as their primary bank. 5. Over 70 million people use Venmo, most users are based in the US. Debit card purchase volume in the U.S. in 2000 and 2010, with a forecast for 2018 Number of Visa debit cards in the U.S. and worldwide 2016-2021 Number of MasterCard debit cards in the U.S. and. Merchants, including millions of small businesses, must pay fees to card issuers, usually banks, and card networks like Visa and Mastercard, in order to accept debit cards. GoHenry - Best for Low Monthly Fee. Americans aged 50 to 59 just barely hold the most credit card debt at 22.6%. The global debit cards market size is expected to grow to $96.84 billion in 2026 at a CAGR of 1%. Fast, Convenient, Safe & Secure! Members of Generation X have an average debt of $7,236. ANIMALS. 18. Debit Card Catalog - Fall 2021. Credit cards trail behind debit cash as the most popular payment option, according to the 2020 findings from the Diary of Consumer Payment Choice (24% of respondents preferred credit as a form of payment in 2019 versus 30% for debit and 26% for cash). Credit cards as a form of payment have increased since 2016, increasing from 24% of payments in 2019 to 27% of . As of 2021, the average American family holds over $5,000 in credit card debt. Contactless 2020 BEA has been researching the use of card transaction data as an early barometer of spending in the United States. The average credit card debt per household is $8,590. PYMNTS also forecasts that cash will represent 11.2% of the U.S. GDP by 2021 (compared to the 12.6% reported in 2016), a gradual decline according to the report. 1 The year 2020 saw consumers making fewer payments overall - a decline that the pandemic likely contributed to. According to a report by the Aite Group, identity theft cases resulted in losses of $712.4 billion in 2020. That's an increase of 161.7%. 70% of people have at least one credit card. According to cash vs credit card spending statistics, cash is still king, although its share is declining on a yearly basis, from 33% of all payments in 2015 to 30% in 2017. In the $10 to $24.99 payment range, cash and debit card usage are nearly identical at 33 and 32 percent, respectively. April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. The cards are used in commercial, bank, shopping, other applications. 80% of cash transactions are for payments under $25. Cash vs Credit Card Spending Statistics (Editor's Pick): Almost 60% of consumers prefer using cards. Usage per Active Card 2019 2018 Debit KPIs Card Brand Percentage of Transactions is the ratio of card brand transactions to total POS transactions, and is also referred to as "transaction mix." The change in terminology to "card brand" % * * * Card-not-present. Make the monthly minimum payment for each account. Venmo key statistics. Direct debits remain a popular payment method in Ireland and increased to 139.4 billion in 2020, a 4 per cent increase from 2019 levels. + Robinhood reported an ARPU (average revenue per user) of $53 . Card issuers and merchants incurred 88% and 12% of those losses, respectively, with the . Merchants, including millions of small businesses, must pay fees to card issuers, usually banks, and card networks like Visa and Mastercard, in order to accept debit cards. The comprehensive statistics within the report provides insight into the operating environment of . (2) Consumers aged 18 to 29 hold the lowest percentage of US credit card debt at 7.2%. 11% of consumers were notified by the card issuer of actual or . Since the emergence of COVID-19, dramatic and fast-moving changes to the U.S. economy have increased the public and policymakers' need for more frequent and timely economic data. General-purpose prepaid . Online Debits and Credits: Debit or credit payments initiated in online point-of-service . Credit card debt statistics are from the third quarter of each year. Capital One MONEY Teen Checking - Best for Teens. A breakdown of the number of credit/debit cards currently issued to Irish residents is also provided. Chime generated $600 million revenue in 2020, mostly through a process called interchange. Number of MasterCard debit cards in the U.S. and worldwide 2019-2021 Basic Account Get to know the platform You only have access to basic statistics. Contact For questions or comments or to be added to the FRPS mailing list, please contact frpaymentsstudy@frb.gov. PayPal, . But merchants cannot select low-fee networks unless the issuer enables those . Global Credit card and debit card fraud resulted in losses amounting to $28.58 billion during 2020. In India, credit and debit cards compete with Unified Payments Interface (UPI) payments in terms of usage. The Top 10 Debit Card for Kids. 400. In 2017, 56 percent of payments under $10 were conducted using cash while data from the 2018 Diary show that share declined to 49 percent, though cash was used more than twice as often as debit cards, at 23 percent. U.S. credit card debt as a whole reached an all-time high in 2019, peaking at $930 . Min. Americans make an average of 41 payments per month, 12.4 of which they make with cash. The following statistics will give you a better sense of the credit card and debit card fraud landscapes as well as how both have changed over the years. The average consumer uses 3.6 different payment methods each month. Credit card debt statistics are from the third quarter of each year. The amount of debit cards is growing at a faster rate than that of credit cards, according to RBR's Global Payment Cards Data and Forecasts to 2021 study. 21. . They accounted for 77.1% of the industry's $4.564-trillion total. Robinhood Revenue Statistics (2022) + Robinhood revenue for Q1 2022 decreased 43% to $299 million, compared with $522 million in the first quarter of 2021. Credit card interest rates hit a new high of 16.98% in 2019 ( source) and were at 16.17% in the first quarter of 2022. At nearly 90% usage, debit cards are much more popular with students than credit cards are. Studies suggest around 47%-58% of Canadians pay off their credit cards in full each month. Debit cards now account for 68.8 percent of all cards issued in Europe, with compound growth in the number of debit cards at 4.25 percent over the last five years. Greenlight - Best for Investing. Data source: Experian (2022). Americans' total credit card balance is $841 billion in the first quarter of 2022, according to the latest consumer debt data from the Federal Reserve Bank of New York.
Top U.S. Debit Card IssuersPurchase Volume in 2021 Purchase volume generated by the nine largest issuers of Visa and Mastercard debit and prepaid cards in the U.S. totaled $1.893 trillion in 2021, up 18.5% over $1.598 trillion in 2020. Debit card fraud was at its lowest in 2018, when 17% of consumers reported debit card fraud. While total volumes declined, the share of overall . 1. Card transactions by UK cardholders both in the UK and overseas: There were 1.7 billion debit card transactions in February, 32.9 per cent more than in February 2021 and 15.1 per cent more than February 2020. 12% of consumers reported their card was lost or stolen in 2020. The number of prepaid debit card payments increased to 13.8 billion with a value of $0.35 trillion in 2018, an increase of 2.6 billion and $0.06 trillion from 2015. According to GlobalData's Payment Cards Analytics, card payments in the Philippines will grow by 15.4% in 2021 to be valued at PHP2.1 trillion (US$43.4bn). 49% of people preferred PayPal as an online payment method in 2019. ( Experian) In the EU, the number of cards carried per inhabitant ranges from 0.8 to 3.9. The APR on credit card accounts dropped in 2020 - 21 but is on the rise again. The total spend of 54.5 billion was 11 per cent higher than February 2021 and 5.4 per cent higher than February 2020. 2021. Credit card fraud increased from 17,236 reports in the first quarter of 2015 to 45,120 reports in the same quarter of 2020. 3. That was a 42% increase from 2019, when identity theft caused $502.5 billion in losses . 14% of Americans have at least 10 credit cards. However, the preference for debit cards and credit has been increasing steadily year-over-year. 90% of households use more than one payment method. In February 2021, the total revolving debt in the US was $974.6 billion. Debit cards remained the most widely used - barely - with consumers making 28% of their payments with debit cards followed by 27% with credit cards. Still, besides the pros of cash, about 70% of . The supplemental report covers general-purpose credit, debit, and prepaid cards, ACH transfers, checks, and alternative payments methods. In 2021, Chime was valued at $25 billion. These statistics cover the direct entry system, the ATM system, cheque payments, the New Payments Platform, as well as credit and charge . Venmo processed $230 billion in total payment volume in 2021, a 44% increase year-on-year. 24. The data summarized in the report are collected through mandatory surveys of debit card issuers subject to the interchange fee standard in Regulation II (covered issuers) and payment card networks. Cash was still the most popular . Americans have 3.84 credit cards on average. 1. 45% of consumers prefer stored card information for online transactions. (Statista Market Outlook, 2021) By 2025, it is predicted that the average value per user in the US will be $11,755 for Digital Commerce. 2021. Later in May 2019, Visa partnered with Paytm Payments Bank to launch Visa debit cards. Studies suggest 15% of Canadians have a credit card spending limit . Mobile payment uses grows by 26.63% in the years 2020 - 2025 that overtakes cash and card payments. 354,070,262: 383,034,454: 467,054,748: . $5,221. General-purpose prepaid debit card payments accounted for 43.7 percent of all prepaid debit card payments in 2018 by number, up from 37.9 percent in 2015. Verdict Financial's "Debit Cards Usage Analytics by Card Scheme (VISA-MASTER): Thailand" report acts as an essential tool for companies active across the Thai cards and payments value chain and for new players considering entering the market. . . The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search - well, at least we think so but you be the judge. Debit cards now represent 70% of . YOUR CHOICE TAP TO PAY. 14. Credit Card Fraud Occurrences Have Risen 161%. In contrast, debit cards were identified as the payment method in 63,352 fraud reports. . Americans in the 90th to 100th annual income percentile had an average credit card debt of $12,600. The same thing goes when it comes to Mobile POS Payments. PayPal acquired Venmo in 2013 for $800 million, as part of its acquisition of Braintree.
China's is $1,460, while Europe's is $1,402. OCBC Plus! debit cards remained the most frequently used payment method in the UK, being used for over four in ten payments. Average credit cards per person in America: 2.7 credit cards per person. ( Shift Processing) Americans have an average of four credit cards. The average transaction value per user in the US is $2,060 in 2020. It's the first decrease since the first quarter of 2021. Crypto backed debit cards . Digital wallets saw an increase of 20.4% in 2020. Another 39 percent say they chose BNPL over use of a credit card, and the remaining 31 percent indicate BNPL was a substitute for a debit card or cash . Nikhil Reddy, Senior Payments Analyst at . Over the course of 12 months, the average credit card balance for a student is just over $1,180 ( Sallie Mae ). Credit card debt was the most widely held type of debt as of 2019. When comparing both years, 88.6% of all card payments in 2020 were contactless, according to Barclaycard. 2-3. YOUR DEBIT CARD. The Credit and Debit Card Statistics provide data in relation to credit and debit card transactions, including a sectoral breakdown of expenditure, E-commerce, spending outside Ireland, and data pertaining to the role of debit cards. This statistic is not included in your account.. 23 May 2016. New Australian Banking Association (ABA) analysis of RBA data shows the use of debit cards continues to sharply rise, 17 per cent in 2020, in comparison to cash withdrawals that fell by 10 per cent in the same period, while cheques made up less than 0.5 per cent of all transactions.