Debit card usage set to surge


PETALING JAYA: The debit card market, which has played a second fiddle in terms of popularity to credit cards, is expected to see a 50% to 70% growth in terms of usage this year as a result of stricter credit card measures aimed at reducing household debts.

The Association of Banks in Malaysia (ABM) said it expected the measures to result in an increase in overall usage of debit cards.

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