The 2023 Mercator Debit Card Data Book assembles the most important metrics for debit card managers. It projects major trends and presents a case that debit cards and alternative payment products will survive in an economic downturn and continue to serve as a prime payment vehicle for households.

Debit growth was solid in 2022 and projects to remain so. Debit is durable as the preferred payment for everyday items, such as food, fuel, and bills. As economic conditions worsen and as new payment forms come on line, including the launch of FedNow, debit cards should remain in favor as standalones or as preferred cards in electronic wallets.

Key questions addressed in this report:

• Where is debit volume headed for 2023 and beyond?
• Will consumer behavior change the use of debit products?
• What types of innovation are expected for debit?

Companies mentioned:

Apple, Defense Credit Union, Discover, Early Warning Services, Evertec, Fiserv, Google, Mastercard, NACHA, Paypal, Shazam, The Association of Military Banks of America, The Clearing House, The People's Bank of China, Visa, Worldpay