Every Week a new bank arise at any one part of the world, this is the report of the Global banking institute given recently but the thing do all the banks become successful definitely not for sure, because of the existence of lots of banks were already available for the people making it difficult for the small banks to become successful, yet some banks tried to be consistent and work hard until they become as the best bank.
The usage of Debit Cards all over the world has been become irresistible because of various reasons, For example, even a small kid who is like 10 years old is having their own debit card since banks are providing out child account along with their Student Account Features too.
Because after the world started to digitalize the presence of cash with the people become very much lesser actually, but though it has the upper hand the Digital things have started to speed up.
Yes like 2-3 years back only 20% of the stores have the facility to accept digital payments, while small shops which form the majority don’t have the facility for the digital payment services.
But like now on the present date, the numbers have been increased to a lot actually, with lots of stores started to accept debit card payments.
Unlike Credit Cards, debit cards won’t charge you out that much as you think but very very lower charges only, speaking true.
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While Credit Cards, on the other hand, is something common like debit card, but different from it bit confusing outright, yes credit is something a confusing one.
At the initial stages credit cards were not actually used by every people, only some people who have lots of money flow were using the card but later the evolution of credit cards, even students, normal average middle-class people also started out to use the credit cards.
That’s how the credit cards get to used to everyone, at initial stages, people were bit confused on using the credit cards but later when they started to use it more they become used to it.
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But some people started to feel the real heat of credit card only after sometime like when they were able to pay back the credit card fees and when the bank started to put off the pressure in them that’s the time where they will think why have I bought this.