Learn about the global prepaid card market through The Business Research Company, which provides information on prepaid card market size, prepaid card market drivers and restraints, prepaid card market players, the COVID-19 impact on the prepaid card market, and more.

The global prepaid card market size is expected to grow from $13.79 billion in 2021 to $15.25 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global prepaid cards market size is then expected to grow to $22.11 billion in 2026 at a CAGR of 9.7%.

Increasing the use of prepaid cards as a substitute for traditional bank cards is a key factor driving the growth of the prepaid card market.

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The prepaid card market consists of sales of prepaid card services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. Prepaid cards are preloaded payment cards issued by financial institutions that can be used to make both online and in-store payments. Once the amount loaded on the card is used, it may be disposed of (non-reloadable prepaid card) or reloaded (reloadable prepaid card) by the cardholder. The prepaid card may be open-loop or closed-loop. While an open-loop prepaid card can be used at any location accepting card, a closed-loop prepaid card can only be used at certain locations such as a specific store or a group of stores. Only goods and services traded between entities or sold to end consumers are included.

Global Prepaid Card Market Segments Include:

By Type: General Purpose Reloadable Card, Prepaid Gift Card, Government Benefit Card, Payroll Card, Others

By Card Type: Open Loop Prepaid Card, Closed Loop Prepaid Card

By Application: Retail Establishments, Corporate Institutions, Government, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the prepaid card market in 2021.

Major players operating in the industry are undertaking various strategic initiatives such as partnerships and collaborations which are gaining significant popularity in the prepaid card market. Companies are collaborating with other market players to offer prepaid cards with flexible credit limits to attract a large consumer base for a prepaid card.

TBRC’s prepaid card market report covers:

Major Market Players: 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, UniRush LLC, and Master Card Incorporated.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Prepaid Card Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides prepaid card market overviews, analyzes and forecasts market size, share, prepaid card market players, prepaid card market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s prepaid card market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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