Payment companies give loans where they are due – for direct debit

The answer to the question of whether consumers are spending varies depending on where you look. Credit card spending? Low. Debit Card Spending? Ascent.

Debit was the hero of many payment companies this year. Card networks and acquirers processing payments for merchants have reported similar trends. At Visa and Mastercard, US dollar payment and purchase volume for US debit cards increased 23% year over year in the quarter through September, more than double the pre-Covid-19 growth rate. the same…

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