Europeans expected to increase debit card use

Europeans expected to increase debit card use
Tags: Bank / Credit Union, Debit / Credit, Trends / Statistics
June 5, 2005

ePay News: Cash is predicted to drop from 82 percent of all transactions in the EU this year to about 74 percent by 2010, with debit cards making up the difference. According to MasterCard, banks stand to gain revenues of U.S. $63.2 billion from the shift.