Prepaid cards market
The Business Research Company offers’ Global Prepaid Card Market Report 2021 – By Type (General Purpose Reloadable Card, Prepaid Gift Card, Government Benefit Card, Payroll Card), By Card Type (Open Loop Prepaid Card , closed-loop prepaid card), by Application (retail establishments, corporate institutions, government), COVID-19 Impact And Recovery “in its research reports store. This is the most comprehensive report available in this market and will help to gain a truly global perspective as it covers 60 geographies. and the country breakdowns section gives an analysis of the market in each geography and the market size by region and country. It also compares the growth historical and forecast market, and highlights important trends and strategies that market players can adopt.
The Prepaid Cards Market report describes and explains the global Prepaid Cards market and covers 2015 to 2020, referred to as historical period, and 2020 to 2025, referred to as forecast period, along with other forecasts for the period 2025-2030. The report assesses the market in each region and for the major economies in each region.
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The prepaid card market includes the sales of prepaid card services by entities (organizations, independent merchants and partnerships) that are engaged in the storage, processing and transmission of payment card data. Prepaid cards are pre-loaded payment cards issued by financial institutions that can be used to make payments online and in-store. Once the amount loaded on the card is used, it can be eliminated (non-reloadable prepaid card) or reloaded (reloadable prepaid card) by the cardholder. The prepaid card can be open loop or closed loop. While an open-loop prepaid card can be used in any location that accepts the card, a closed-loop prepaid card can only be used in certain locations, such as a specific store or group of stores. Only goods and services traded between entities or sold to final consumers are included.
The global prepaid card market is expected to grow from $ 12.99 billion in 2020 to $ 13.87 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 21.22 billion in 2025 at a CAGR of 11.2%.
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Some of the major players in the prepaid card market are American Express Company, BBVA Compass Bancshares Inc., Green Dot Corporation, JPMorgan Chase & Co., Kaiku Finance LLC., Mango Financial Inc, NetSpend Holdings Inc, PayPal Holdings Inc.
The countries covered in the global prepaid card market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru , Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.
The regions covered in the Global Prepaid Cards Market are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa .
The Global Prepaid Cards Market Is Segmented –
1) By type: general purpose reloadable card, prepaid gift card, government benefit card, payroll card, others
2) By type of card: open-loop prepaid card, closed-loop prepaid card
3) By application: retail establishments, corporate institutions, government, others
Learn more about the Global Prepaid Cards Market report:
Some points from the table of contents
2. Characteristics of the prepaid card market
3. Trends and strategies in the prepaid card market
4. Impact of COVID-19 on the prepaid card
5. Size and growth of the prepaid card market
27. Prepaid Card Market Competitive Landscape and Company Profiles
28. Key mergers and acquisitions in the prepaid card market
29. Future Outlook and Potential Analysis of the Prepaid Cards Market
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