Debit card (% age 15+)

This metric represents the proportion of individuals aged 15 and older who possess a debit card, reflecting broader trends in financial inclusion and consumer behavior. It serves as an important indicator of how accessible banking services are to young adults and populations transitioning into financial independence. A high percentage may suggest a robust banking infrastructure and a population increasingly relying on electronic payment methods for daily transactions, promoting convenience and financial management. Conversely, a lower percentage could indicate barriers to access, such as socioeconomic factors or lack of financial literacy. Understanding this metric allows for a deeper exploration of spending habits and potential areas for enhancing digital financial services within various demographics. Source: