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Prepaid Card Market By Offering, By Card Type, By End User: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 263 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5125483
A prepaid card is a payment card, which allows users to make purchases with the preloaded amount stored in it. This prepaid amount then dictates the spending capacity of the card, such as debit or credit cards, but restricted by the loaded balance. Thus, prepaid cards are frequently used as budgeting tools, which enable people to better manage their finances and avoid overspending. Prepaid transactions have transitioned from simple paper vouchers to multi-purpose prepaid cards. This trend is expected to continue during the forthcoming years, owing to liquidity issues. Prepaid cards are commonly accepted worldwide as they are issued by major payment networks such as Visa, Mastercard, and American Express, thus serving as a suitable option while travelling and international transactions. In addition, the growth of the global prepaid card market is majorly driven by increase in unbanked and underbanked people seeking accessible financial solutions outside traditional banks. In addition, prepaid cards provide these people with a safe and simple means to manage their funds, conduct transactions, and participate in the economy without the requirement for a formal bank account. Furthermore, rise in demand for cash alternatives and availability of affordable and eco-friendly prepaid cards foster the growth of the market. In addition, multipurpose prepaid cards are gaining high traction among consumers who do not have access to other forms of electronic payments such as debit or credit cards, which acts as a key driving force of the global market. However, mobile payments have hampered the expansion of the prepaid card business by giving a digital alternative for purchases. Furthermore, increase in penetration of digital payment technologies is lowering the necessity for prepaid cards.

This competition is expected to hamper the demand for prepaid cards, particularly among tech-savvy customers who use mobile payment alternatives. Moreover, security issues and privacy concerns hamper the growth of the prepaid card market. On the contrary, surge in demand for prepaid cards from various developing countries is expected to offer lucrative opportunities for prepaid card driven by reasons such as inadequate banking infrastructure, increased digital use, and the need for accessible and secure financial services.

The global prepaid card market is segmented on the basis of offering, card type, end user, and region. By offering, it is classified into general-purpose reloadable card, gift cards, government benefit/disbursement card, incentive/payroll card, and others. By card type, the market is bifurcated into closed loop prepaid card and open loop prepaid card. By end user, the market analyzed across retail establishment, corporate, and government/public sector. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the prepaid card market such as American Express Company, Green Dot Corporation, JPMorgan Chase And Co, Kaiku Finance LLC, Mango Financial, Inc., Mastercard, NetSpend Corporation, PayPal Holdings, Inc., Travelex Foreign Coin Services Limited, and Visa Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the prepaid card market.

Key Benefits For Stakeholders

  • The study provides in-depth analysis of the global prepaid card market along with the current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, & opportunities and their impact analysis on the global prepaid card market size are provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global prepaid card market from 2022 to 2032 is provided to determine the market potential.

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Key Market Segments

By Offering

  • Gift Cards
  • Government Benefit/Disbursement Card
  • Incentive/Payroll Card
  • General Purpose Reloadable Card
  • Others

By Card Type

  • Closed Loop Prepaid Card
  • Open Loop Prepaid Card

By End User

  • Retail Establishments
  • Corporate
  • Government/Public sector

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Green Dot Corporation
  • American Express Company
  • Mastercard
  • JPMorgan Chase And Co.
  • Visa Inc.
  • Travelex Foreign Coin Services Limited
  • Mango Financial, Inc.
  • PayPal Holdings, Inc.
  • NetSpend Corporation
  • Kaiku Finance LLC

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: PREPAID CARD MARKET, BY OFFERING
4.1. Overview
4.2. General Purpose Reloadable Card
4.3. Gift Cards
4.4. Government Benefit/Disbursement Card
4.5. Incentive/Payroll Card
4.6. Others
CHAPTER 5: PREPAID CARD MARKET, BY CARD TYPE
5.1. Overview
5.2. Closed Loop Prepaid Card
5.3. Open Loop Prepaid Card
CHAPTER 6: PREPAID CARD MARKET, BY END USER
6.1. Overview
6.2. Retail Establishments
6.3. Corporate
6.4. Government/Public sector
CHAPTER 7: PREPAID CARD MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Green Dot Corporation
9.2. American Express Company
9.3. JPMorgan Chase And Co.
9.4. PayPal Holdings, Inc.
9.5. Mastercard
9.6. Visa Inc.
9.7. NetSpend Corporation
9.8. Mango Financial, Inc.
9.9. Kaiku Finance LLC
9.10. Travelex Foreign Coin Services Limited
List of Tables
Table 01. Global Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 02. Prepaid Card Market for General Purpose Reloadable Card, by Region, 2022-2032 ($Billion)
Table 03. Prepaid Card Market for Gift Cards, by Region, 2022-2032 ($Billion)
Table 04. Prepaid Card Market for Government Benefit/Disbursement Card, by Region, 2022-2032 ($Billion)
Table 05. Prepaid Card Market for Incentive/Payroll Card, by Region, 2022-2032 ($Billion)
Table 06. Prepaid Card Market for Others, by Region, 2022-2032 ($Billion)
Table 07. Global Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 08. Prepaid Card Market for Closed Loop Prepaid Card, by Region, 2022-2032 ($Billion)
Table 09. Prepaid Card Market for Open Loop Prepaid Card, by Region, 2022-2032 ($Billion)
Table 10. Global Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 11. Prepaid Card Market for Retail Establishments, by Region, 2022-2032 ($Billion)
Table 12. Prepaid Card Market for Corporate, by Region, 2022-2032 ($Billion)
Table 13. Prepaid Card Market for Government/Public Sector, by Region, 2022-2032 ($Billion)
Table 14. Prepaid Card Market, by Region, 2022-2032 ($Billion)
Table 15. North America Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 16. North America Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 17. North America Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 18. North America Prepaid Card Market, by Country, 2022-2032 ($Billion)
Table 19. U.S. Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 20. U.S. Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 21. U.S. Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 22. Canada Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 23. Canada Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 24. Canada Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 25. Europe Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 26. Europe Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 27. Europe Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 28. Europe Prepaid Card Market, by Country, 2022-2032 ($Billion)
Table 29. UK Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 30. UK Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 31. UK Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 32. Germany Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 33. Germany Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 34. Germany Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 35. France Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 36. France Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 37. France Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 38. Italy Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 39. Italy Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 40. Italy Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 41. Spain Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 42. Spain Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 43. Spain Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 44. Rest of Europe Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 45. Rest of Europe Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 46. Rest of Europe Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 47. Asia-Pacific Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 48. Asia-Pacific Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 49. Asia-Pacific Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 50. Asia-Pacific Prepaid Card Market, by Country, 2022-2032 ($Billion)
Table 51. China Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 52. China Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 53. China Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 54. Japan Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 55. Japan Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 56. Japan Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 57. India Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 58. India Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 59. India Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 60. Australia Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 61. Australia Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 62. Australia Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 63. South Korea Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 64. South Korea Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 65. South Korea Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 66. Rest of Asia-Pacific Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 67. Rest of Asia-Pacific Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 68. Rest of Asia-Pacific Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 69. LAMEA Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 70. LAMEA Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 71. LAMEA Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 72. LAMEA Prepaid Card Market, by Country, 2022-2032 ($Billion)
Table 73. Latin America Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 74. Latin America Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 75. Latin America Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 76. Middle East Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 77. Middle East Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 78. Middle East Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 79. Africa Prepaid Card Market, by Offering, 2022-2032 ($Billion)
Table 80. Africa Prepaid Card Market, by Card Type, 2022-2032 ($Billion)
Table 81. Africa Prepaid Card Market, by End-user, 2022-2032 ($Billion)
Table 82. Green Dot Corporation: Key Executives
Table 83. Green Dot Corporation: Company Snapshot
Table 84. Green Dot Corporation: Service Segments
Table 85. Green Dot Corporation: Product Portfolio
Table 86. Green Dot Corporation: Key Stratergies
Table 87. American Express Company: Key Executives
Table 88. American Express Company: Company Snapshot
Table 89. American Express Company: Service Segments
Table 90. American Express Company: Product Portfolio
Table 91. American Express Company: Key Stratergies
Table 92. Jpmorgan Chase and Co.: Key Executives
Table 93. Jpmorgan Chase and Co.: Company Snapshot
Table 94. Jpmorgan Chase and Co.: Service Segments
Table 95. Jpmorgan Chase and Co.: Product Portfolio
Table 96. Paypal Holdings, Inc.: Key Executives
Table 97. Paypal Holdings, Inc.: Company Snapshot
Table 98. Paypal Holdings, Inc.: Service Segments
Table 99. Paypal Holdings, Inc.: Product Portfolio
Table 100. Mastercard: Key Executives
Table 101. Mastercard: Company Snapshot
Table 102. Mastercard: Service Segments
Table 103. Mastercard: Product Portfolio
Table 104. Mastercard: Key Stratergies
Table 105. Visa Inc.: Key Executives
Table 106. Visa Inc.: Company Snapshot
Table 107. Visa Inc.: Service Segments
Table 108. Visa Inc.: Product Portfolio
Table 109. Visa Inc.: Key Stratergies
Table 110. Netspend Corporation: Key Executives
Table 111. Netspend Corporation: Company Snapshot
Table 112. Netspend Corporation: Service Segments
Table 113. Netspend Corporation: Product Portfolio
Table 114. Mango Financial, Inc.: Key Executives
Table 115. Mango Financial, Inc.: Company Snapshot
Table 116. Mango Financial, Inc.: Service Segments
Table 117. Mango Financial, Inc.: Product Portfolio
Table 118. Kaiku Finance LLC: Key Executives
Table 119. Kaiku Finance LLC: Company Snapshot
Table 120. Kaiku Finance LLC: Service Segments
Table 121. Kaiku Finance LLC: Product Portfolio
Table 122. Travelex Foreign Coin Services Limited: Key Executives
Table 123. Travelex Foreign Coin Services Limited: Company Snapshot
Table 124. Travelex Foreign Coin Services Limited: Service Segments
Table 125. Travelex Foreign Coin Services Limited: Product Portfolio
List of Figures
Figure 01. Prepaid Card Market, 2022-2032
Figure 02. Segmentation of Prepaid Card Market, 2022-2032
Figure 03. Top Investment Pockets in Prepaid Card Market (2023-2032)
Figure 04. Moderate to High Bargaining Power of Suppliers
Figure 05. Moderate to High Threat of New Entrants
Figure 06. Moderate to High Threat of Substitutes
Figure 07. Moderate to High Intensity of Rivalry
Figure 08. Moderate to High Bargaining Power of Buyers
Figure 09. Global Prepaid Card Market: Drivers, Restraints and Opportunities
Figure 10. Prepaid Card Market, by Offering, 2022 and 2032 (%)
Figure 11. Comparative Share Analysis of Prepaid Card Market for General Purpose Reloadable Card, by Country 2022 and 2032 (%)
Figure 12. Comparative Share Analysis of Prepaid Card Market for Gift Cards, by Country 2022 and 2032 (%)
Figure 13. Comparative Share Analysis of Prepaid Card Market for Government Benefit/Disbursement Card, by Country 2022 and 2032 (%)
Figure 14. Comparative Share Analysis of Prepaid Card Market for Incentive/Payroll Card, by Country 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Prepaid Card Market for Others, by Country 2022 and 2032 (%)
Figure 16. Prepaid Card Market, by Card Type, 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Prepaid Card Market for Closed Loop Prepaid Card, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Prepaid Card Market for Open Loop Prepaid Card, by Country 2022 and 2032 (%)
Figure 19. Prepaid Card Market, by End-user, 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Prepaid Card Market for Retail Establishments, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Prepaid Card Market for Corporate, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Prepaid Card Market for Government/Public Sector, by Country 2022 and 2032 (%)
Figure 23. Prepaid Card Market by Region, 2022 and 2032 (%)
Figure 24. U.S. Prepaid Card Market, 2022-2032 ($Billion)
Figure 25. Canada Prepaid Card Market, 2022-2032 ($Billion)
Figure 26. UK Prepaid Card Market, 2022-2032 ($Billion)
Figure 27. Germany Prepaid Card Market, 2022-2032 ($Billion)
Figure 28. France Prepaid Card Market, 2022-2032 ($Billion)
Figure 29. Italy Prepaid Card Market, 2022-2032 ($Billion)
Figure 30. Spain Prepaid Card Market, 2022-2032 ($Billion)
Figure 31. Rest of Europe Prepaid Card Market, 2022-2032 ($Billion)
Figure 32. China Prepaid Card Market, 2022-2032 ($Billion)
Figure 33. Japan Prepaid Card Market, 2022-2032 ($Billion)
Figure 34. India Prepaid Card Market, 2022-2032 ($Billion)
Figure 35. Australia Prepaid Card Market, 2022-2032 ($Billion)
Figure 36. South Korea Prepaid Card Market, 2022-2032 ($Billion)
Figure 37. Rest of Asia-Pacific Prepaid Card Market, 2022-2032 ($Billion)
Figure 38. Latin America Prepaid Card Market, 2022-2032 ($Billion)
Figure 39. Middle East Prepaid Card Market, 2022-2032 ($Billion)
Figure 40. Africa Prepaid Card Market, 2022-2032 ($Billion)
Figure 41. Top Winning Strategies, by Year (2022-2023)
Figure 42. Top Winning Strategies, by Development (2022-2023)
Figure 43. Top Winning Strategies, by Company (2022-2023)
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap: Prepaid Card Market
Figure 47. Top Player Positioning, 2022
Figure 48. Green Dot Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 49. Green Dot Corporation: Revenue Share by Segment, 2022 (%)
Figure 50. American Express Company: Net Revenue, 2020-2022 ($ Million)
Figure 51. American Express Company: Revenue Share by Segment, 2022 (%)
Figure 52. American Express Company: Revenue Share by Region, 2021 (%)
Figure 53. Jpmorgan Chase and Co.: Net Revenue, 2020-2022 ($ Million)
Figure 54. Jpmorgan Chase and Co.: Revenue Share by Region, 2022 (%)
Figure 55. Paypal Holdings, Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 56. Paypal Holdings, Inc.: Revenue Share by Region, 2022 (%)
Figure 57. Mastercard: Net Revenue, 2020-2022 ($ Million)
Figure 58. Mastercard: Revenue Share by Segment, 2022 (%)
Figure 59. Mastercard: Revenue Share by Region, 2022 (%)
Figure 60. Visa Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 61. Visa Inc.: Revenue Share by Segment, 2022 (%)
Figure 62. Visa Inc.: Revenue Share by Region, 2022 (%)
Figure 63. Netspend Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 64. Netspend Corporation: Revenue Share by Segment, 2022 (%)
Figure 65. Netspend Corporation: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, the prepaid card market was valued at $2.5 trillion in 2022, and is estimated to reach $14.37 trillion by 2032, growing at a CAGR of 19.5% from 2023 to 2032.

The Prepaid card market is likely to experience a significant growth rate of 19.5% from 2022-2032 owing to increasing market demand from corporate and government/public sector

Prepaid cards were becoming more popular among consumers as they offered a convenient and secure way to manage finances, especially for those without traditional bank accounts. Prepaid card providers were increasingly offering contactless payment options and integrating with digital wallets and mobile apps to enhance convenience. Moreover, Prepaid cards were gaining popularity not only in North America but also in Europe, Asia, and other regions as they provided an alternative to traditional banking services. Furthermore, companies were offering personalized prepaid cards, allowing consumers to customize their cards with unique designs and features.

One of the major drivers for the prepaid card market is the Rise in demand for cash alternatives. Prepaid cards provide an accessible alternative for people who do not have the appropriate papers or credit history to open a bank account. They can obtain and use prepaid cards without the requirements that banks frequently impose. Furthermore, prepaid cards are often not subject to credit checks, making them an appealing alternative for people with a weak or no credit history, this is especially important for the underbanked people. In addition, prepaid cards can be used by governments and organizations to provide social benefits, pensions, and other payments to those do not have bank accounts, this ensures that these people can access their assets in a secure and easy manner. Moreover, prepaid cards enable the unbanked and underbanked people to participate more actively in economic activities, save money, and prepare for the future by giving a tool for managing their finances. Therefore, the requirement for cash alternatives among underbanked and unbanked populations is a major driving factor of the prepaid card market.

However, repaid cards have become the fastest growing payment method owing to the evolution in the mode of electronic payment. This advanced payment method is prone to hacking, as currently these cards do not have enough security measures that can prevent payment frauds. Such security breaches leading to data loss and confidentiality breach of crucial information are possible since dozens of criminal hackers have started to exploit prepaid card systems as well as back-office systems, which are used by banks to manage their prepaid card products to facilitate online banking fraud. In addition, in a rush to make mobile prepaid card rollouts as convenient and low-cost as possible; companies such as Target and Starbucks have overlooked security holes, which allow any shopper to use the dollars loaded into other shoppers' prepaid cards. Moreover, criminals may use phishing emails, phone calls, or other ways to trick cardholders into disclosing important information, as customers' prepaid card information may be compromised if they fall prey to such practices. Therefore, security issues and privacy concerns are hampering the growth of the prepaid card market. On the contrary, the evolution of prepaid cards and vouchers has triggered the growth of the prepaid card market with on-going trend of self-consumption in the developing countries. The rising adoption of these cards for online purchases, traveling, and distribution among children as cash alternative also accelerates the growth of prepaid cards. Furthermore, individuals in developing countries are increasingly shopping online due to increasing penetration of e-commerce platforms.

The prepaid card market is segmented on the basis of offering, card type, end user, and region. By offering, it is classified into general-purpose reloadable card, gift cards, government benefit/disbursement card, incentive/payroll card, and others. By card type, the market is bifurcated into open closed loop prepaid card and open loop prepaid card. By end user, the market analyzed across retail establishments, corporate and government/public sector. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the prepaid card market such as American Express Company, Green Dot Corporation, JPMorgan Chase And Co, Kaiku Finance LLC, Mango Financial, Inc., Mastercard, NetSpend Corporation, PayPal Holdings, Inc., Travelex Foreign Coin Services Limited, and Visa Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the prepaid card market.

Key Market Insights

By offering, the general-purpose reloadable card segment led the prepaid card market in terms of revenue in 2022.

By card type, closed-loop prepaid card segment accounted for the highest prepaid card market share in 2022.

By end user, retail establishments segment accounted for the highest prepaid card market share in 2022.

By region, North America generated the highest revenue in 2022.

Companies Mentioned

  • Green Dot Corporation
  • American Express Company
  • Mastercard
  • JPMorgan Chase And Co.
  • Visa Inc.
  • Travelex Foreign Coin Services Limited
  • Mango Financial, Inc.
  • PayPal Holdings, Inc.
  • NetSpend Corporation
  • Kaiku Finance LLC

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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