Debit cards continue to gain global market share from credit cards, and the use of electronic and mobile payments continues to show exponential growth concludes the World Payments Report 2012
released by Capgemini, RBS, and Efma.
“Debit card transactions continue to take market share from other types of payment methods because they easily allow people to bypass the use of cash,” said Kevin Brown, Global Head, Transaction Services Product, International Banking, RBS. “As more and more consumers move to mobile and other electronic payments, we’ll continue to see the exponential growth of innovative payment solutions.”
The World Payments Report 2012 also highlights that Brazil now the third largest non-cash market in the world after the US and the Eurozone.