The global prepaid card market is anticipated to register a CAGR of 22.7% from 2016 to 2022 to attain a market size of around $3,653 billion by 2022.
Prepaid card is a payment card where funds are connected directly to a card without any link through the bank account. Prepaid cards are reloadable cards that allow the customer to only spend up to the amount he/she has pre-deposited into their account. These cards are widely used in retailer stores, e-commerce, and others. There are no interest rates applied to these cards, although an initial fee is associated with them. Prepaid cards can be easily accessed by swiping them without any picture ID and PIN number. In addition, they are poised to have a transformative effect on retail establishments, corporate institutions, and others.
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The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2021 to 2030 are viewed as the forecast period.
In the recent years, the mode of payment has revolutionized, as number of transactions have taken place through cards instead of cash. Prepaid cards are available to everyone, regardless of credit rating, income, or whether or not someone holds a bank account. They are a substitute to a traditional bank account and are a new way to manage money. They function in a similar manner to credit and debit cards; thus, the user can also use them abroad. However, various types of fees associated with the prepaid card transaction and lack of security measures as compared to credit or debit cards are major restraints for the market growth. Moreover, emerging applications & acceptance of these prepaid cards for various transactions and their increasing popularity during traveling abroad are expected to boost the market growth in the future.
The global prepaid card market is segmented based on card type, usage, industry vertical, and geography. On the basis of card type, the market is divided into single-purpose prepaid card and multi-purpose prepaid card. Based on the usage, it is divided into general-purpose reloadable card, gift card, government benefits/disbursement card, incentive/payroll card, and others. Industry verticals covered in the study include retail establishments, corporate institutions, government, and financial institutions & others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (Japan, South Korea, China, India and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major companies profiled in the report include The American Express Company., Visa Inc. MasterCard Incorporated, PayPal Holdings, Inc., Kaiku Finance, LLC., The Western Union Company, Green Dot Corporation, NetSpend Holding Inc., JP Morgan Chase & Co., and AccountNow Inc.
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POTENTIAL BENEFITS FOR STAKEHOLDERS
Comprehensive analysis of the current trends and future estimations of the global prepaid card market is provided in the report.
The report provides a competitive scenario of the market along with growth trends, market structure, driving factors, scope, opportunities, and challenges.
The report provides a detailed analysis of the key segments to provide insights on the market dynamics.
Porter’s Five Forces analysis highlights the potential of buyers and suppliers as well as insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
Market Segment Analysis: The document provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, aggressive panorama evaluation, and key regions development reputation. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analysed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
The global prepaid card market is segmented based on card type, usage, industry vertical, and geography.
BY CARD TYPE
Single-purpose Prepaid Card
Multi-purpose Prepaid Card
General-Purpose Reloadable Card
Government Benefits/Disbursement Card
BY INDUSTRY VERTICAL
Financial Institutions & Others
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Rest of Europe
Rest of Asia-Pacific
The American Express Company
PayPal Holdings, Inc.
Kaiku Finance, LLC.
The Western Union Company
Green Dot Corporation
NetSpend Holding Inc.
JP Morgan Chase & Co.
Other players in the value chain include (profiles not included in the report)
Blackhawk Network, Inc.
Caxton FX Limited
The Bancorp Bank
Major Points Covered in TOC:
Market Overview: It consists of six sections, research scope, extensive makers blanketed, marketplace fragments via type, Market place portions by utility, study desires, and years considered.
Market Landscape: Here, the opposition within the Worldwide Market is dissected, by fee, profits, offers, and piece of the pie by means of agency, marketplace fee, cutthroat situations Landscape, and maximum recent patterns, consolidation, improvement, obtaining, and portions of the general industry of pinnacle agencies.
Market Status and Outlook via Region: In this phase, the report examines approximately internet part, deals, earnings, advent, portion of the general industry, CAGR, and marketplace size by means of locale. Here, The Global Market is profoundly tested primarily based on regions and nations like North America, Europe, China, India, Japan, and the MEA.
Application or End User: This segment of the exploration looks at suggests how remarkable cease-consumer/software sections add to the worldwide market.
Market Forecast: Production Side: In this piece of the record, the creators have zeroed in on creation and advent esteem conjecture, key makers gauge, and creation and creation esteem estimate with the aid of type.
Research Findings and Conclusion: This is one of the last segments of the document where the discoveries of the investigators and the end of the exploration study are given.
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Targets of Market Report:
Characterize, depict and conjecture 2030, by type, application, end client and district.
Give venture outside climate examination and PESTEL investigation.
Give systems to organization to manage the effect of COVID-19.
Give market dynamic investigation, including market driving variables, market advancement requirements.
Give market passage technique examination to new players or players who are prepared to enter the market, including market section definition, client investigation, circulation model, item informing and situating, and cost system investigation.
Stay aware of global market drifts and give examination of the effect of the COVID-19 plague on significant districts of the world.
Examine the market chances of partners and give market pioneers subtleties of the serious scene.
The report conveys an exhaustive investigation of the relative multitude of portions and offers data with respect to the main districts on the lookout. This report additionally states import/send out utilization, organic market Figures, cost, industry share, strategy, value, income, and gross edges.
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