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Consumers' Attitude towards Usage of Debit and Credit Cards: Evidences from the Digital Economy of Pakistan

Author

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  • Jawaid Ahmed Qureshi

    (Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Pakistan,)

  • Sana Baqai

    (Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Pakistan)

  • Muhammad Asif Qureshi

    (Universiti Uttara Malaysia, Malaysia.)

Abstract

In the digital economy of Pakistan, banks and financial institutions are continuously engaged in efforts to launch new variants of plastic money. At present, the debit and credit cards are widely accepted, among other forms of plastic money, as convenient mode of payment in Pakistan. This increasing trend of debit/credit card usage is encouraging researchers to analyze the opinions of public regarding plastic card usage. This research undertaking highlights the consumer attitude towards usage of these cards in Karachi by considering demographic factors: income, education, age, and gender along with some attitudinal variables: perception of benefits and risks of plastic money. The data is gleaned through survey from the sample of 372 respondents of Karachi. The results reveal that monthly household income, education, and age do not have any significant impact on the plastic card usage. Moreover, the findings uncover that males are using plastic cards more frequently than females. The inquiry confirmed that debit cards' usage is more than that of credit cards' usage. Moreover, the perceived benefits and risks play a significant role in usage of debit and credit cards.

Suggested Citation

  • Jawaid Ahmed Qureshi & Sana Baqai & Muhammad Asif Qureshi, 2018. "Consumers' Attitude towards Usage of Debit and Credit Cards: Evidences from the Digital Economy of Pakistan," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 220-228.
    • Handle: RePEc:eco:journ1:2018-05-29
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    More about this item

    Keywords

    Consumer Attitude; Debit/Credit Cards; Plastic Card Usage; Marketing of Financial Products;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

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