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Risk and Scope of Debit Check Card in Competitive Market of Pakistan

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Listed:
  • Ali Zaidi, Syed Najaf
  • Ali, Syed Babar

Abstract

Today, even the smallest of transactions, from fast food to digital content, are attracting Debit Check cardholders, and more and more merchants are opening their doors to this burgeoning payment method. The topic for this dissertation is to review the Debit Card marketplace, culminating in addressing the question “What is the scope of new Debit check cards?” The literature review indicates that there are developing opportunities within the marketplace that could offer the Debit Check Card product a prosperous future. This research was conducted to find out the future of Debit check cards in presence of other payment cards. The report examines the growth of Debit check cards within the larger Pakistan payments market and the factors contributing to this growth, including growing debit check card payment acceptance, consumer preference for debit, and the decline of paper check payments. The research methodology chosen to identify the views of the Debit Card Marketplace experts was the use of the interview, internet was also used for acquiring information, and in order to arrive at conclusion chi-square technique has been used. Following a critical analysis of the literature review and the market expert’s opinions, it is evident that the Debit Check Card product has an excellent opportunity to be fully assured of a sound future. However, to make full use of these opportunities, those involved in managing the product, including the card providers and card issuers, must ensure this full range of opportunities are transparently understood and successfully marketed.

Suggested Citation

  • Ali Zaidi, Syed Najaf & Ali, Syed Babar, 2006. "Risk and Scope of Debit Check Card in Competitive Market of Pakistan," MPRA Paper 64456, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:64456
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    References listed on IDEAS

    as
    1. John P. Caskey & Gordon H. Sellon, 1994. "Is the debit card revolution finally here?," Economic Review, Federal Reserve Bank of Kansas City, vol. 79(Q IV), pages 79-95.
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    More about this item

    Keywords

    Electronic Card. Debit Card. Debit Check Card. Check Card;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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