Prepaid Credit & Debit Card Providers in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

In the cards: Expanding online shopping and concerns about credit card fraud are driving demand

Prepaid credit and debit card providers have displayed volatility during the current period. COVID-19 caused state and local governments to shut down businesses to stop the spread of the virus. Some people lost their jobs and couldn't get government aid, so poverty rates rose. Since poor people are more likely to be unable to access traditional banking and credit cards, the increase in the poverty rate boosted demand for prepaid cards. The recovery has increased incomes, which has shifted revenue away from the industry and back toward traditional financial products.

This industry includes companies that issue preloaded, open-loop credit and debit cards to consumers for making purchases. The industry doesn't include electronic benefits transfer (EBT) cards or closed-loop, store-branded gift cards.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.