The forecast: As consumers have gotten more comfortable using debit cards online, US digital debit card spending has outpaced that of credit cards. Transaction value will fall in 2021, but we expect growth to return in 2022.
Looking ahead: Just because they saw growth in 2020 doesn't mean digital debit cards are the payment method of the future. After growth dips this year, it will slowly return in 2022 and 2023, resulting in a digital debit card transaction value of $443.49 billion in 2023.
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