Asking about the survival of debit cards differs greatly from asking about the survival of these companies. These companies will likely survive, because they're not directly linked to retail banks, which are the entities that might ultimately fall in terms of economic prosperity, or even cease to exist at some point.
It's likely credit card companies will change their business model to survive. Plastic cards will be eliminated, but that doesn't mean they can't issue virtual cards. I'm yet to see how that will work out once CBDCs become public. Maybe they will be the ones offering CBDC services to people instead of the central bank itself? Only time will tell.
With the world moving away from the physical realm, we should expect plastic cards and paper money to become a thing of the past. Everything will be "tokenized" in the future. The question is: Are we prepared for such a drastic change?
