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Market Research Report

Prepaid Cards

Published by Global Industry Analysts, Inc. Product code 273601
Published Content info 292 Pages
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Prepaid Cards
Published: July 1, 2020 Content info: 292 Pages
Description

Global Prepaid Cards Market to Reach $4.1 Trillion by 2027

Amid the COVID-19 crisis, the global market for Prepaid Cards estimated at US$2 Trillion in the year 2020, is projected to reach a revised size of US$4.1 Trillion by 2027, growing at aCAGR of 10.7% over the period 2020-2027. Closed Loop, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$2.1 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Open Loop segment is readjusted to a revised 11.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $541 Billion, While China is Forecast to Grow at 14.1% CAGR

The Prepaid Cards market in the U.S. is estimated at US$541 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$870.7 Billion by the year 2027 trailing a CAGR of 14.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.We bring years of research experience to this 16th edition of our report. The 292-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • AccountNow, Inc.
  • ACE Cash Express, Inc.
  • American Express Company
  • Blackhawk Network, Inc.
  • Caxton FX Limited
  • Edenred S.A.
  • Green Dot Corporation
  • Kaiku Finance, LLC
  • MetaBank, Inc.
  • The Bancorp Bank
  • The Western Union Company
  • Visa, Inc.
  • Wal-Mart Stores, Inc.
  • WEX, Inc.
Table of Contents
Product Code: MCP-7448

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Prepaid Cards - Emerging into a Mainstream Market
  • Current & Future Analysis
  • Analysis by Geographic Region
  • Analysis by Segment
  • Key Growth Factors
  • Key Market Restraints
  • Addressing the Needs of the Unserved/Underserved - The Major Market Driver
  • Improved Efficiencies and Transparency Drives Inclusion of Prepaid Cards in Commercial Programs
  • Recent Market Activity
  • Global Competitor Market Shares
  • Prepaid Cards Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • AccountNow, Inc. (USA)
  • ACE Cash Express, Inc. (USA)
  • American Express Company (USA)
  • Blackhawk Network, Inc. (USA)
  • Caxton FX Limited (UK)
  • Edenred S.A. (France)
  • Green Dot Corporation (USA)
  • Kaiku Finance, LLC (USA)
  • MasterCard, Inc. (USA)
  • MetaBank, Inc. (USA)
  • Mint Technology Corporation (Canada)
  • The Bancorp Bank (USA)
  • The Western Union Company (USA)
  • Travelex Group Limited (UK)
  • Visa, Inc. (USA)
  • Wal-Mart Stores, Inc. (USA)
  • WEX, Inc. (USA)

3. MARKET TRENDS & DRIVERS

  • Prepaid Cards - A Brighter Prospect in Cards amid Growing Digital Payments
  • Banks Go the Prepaid Way
  • Underbanked Consumers - Evolving as a Potential Market
  • Prepaid Eye the Upmarket
  • Gaining Popularity among Millennials
  • Consumer Shift from Cash to Card Based Purchase Transactions Propels Demand
  • Market Gains from Increased Retailer Acceptance of Card Based Payments
  • New and Innovative Prepaid Cards Garner Attention
  • au WALLET
  • Mint
  • TD Go
    • Access Link
    • Rogers Prepaid MasterCard
    • Lead Bank
    • UBA Visa
    • T-Mobile Visa
    • Virtual Prepaid Payment Cards - Next Generation of Prepaid
    • Prepaid Cards Offer Stiff Competition to Debit Cards
    • Prepaid Payroll Cards Expected to Witness Robust Growth
    • Retailer Specific-Prepaid Cards Gain Popularity in Developed Markets
    • Retailers Eye Gift Cards to Build Loyal Customers
    • Innovations Sustain Growth in Gift Cards Market
    • Cohesive and Innovative Strategies - Key to Success of Gift Card Programs in Retail
    • Ease of Handling Drives Use of Digital Gift Cards for Incentives and Rewards Applications
    • Omni-channel Shopping is Here to Stay
    • Prepaid Travel Cards Grab Eyeballs
    • Chip Technology Makes Way into Prepaid Cards for Enhanced Security
    • Prepaid Cards Provides Hope for Better Travel Insurance Services
    • Competitive Landscape
    • An Insight into the Prepaid Card Value Chain
    • Program Managers
    • Distribution Networks
    • Reload Networks/Locations
    • Card Issuing Banks
    • Payment Networks
    • Processors
    • Prepaid Value Chain: Role and Revenue Driver by Category
    • Evolving Prepaid Value Chain amidst Changing Environment
    • Challenges & Issues
    • Dearth of Consumer Awareness - A Major Challenge
    • High and Non-Standard Fees - A Major Hindrance to Growth
    • Need for Regulatory Tabs
    • Increasing Frauds and Abetting Criminal Activity - The Achilles Heel of Prepaid Cards Business

4. GLOBAL MARKET PERSPECTIVE

    • TABLE 1: Prepaid Cards Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 2: Prepaid Cards Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
    • TABLE 3: Prepaid Cards Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
    • TABLE 4: Closed Loop (Type) World Market by Region/Country in US$ Million: 2020 to 2027
    • TABLE 5: Closed Loop (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
    • TABLE 6: Closed Loop (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 7: Open Loop (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
    • TABLE 8: Open Loop (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
    • TABLE 9: Open Loop (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • US Prepaid Cards Market Share (in %) by Company: 2018 & 2025
    • Market Analytics
    • TABLE 10: United States Prepaid Cards Market Estimates and Projections in US$ Million by Type: 2020 to 2027
    • TABLE 11: Prepaid Cards Market in the United States by Type: A Historic Review in US$ Million for 2012-2019
    • TABLE 12: United States Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • CANADA
    • TABLE 13: Canadian Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
    • TABLE 14: Canadian Prepaid Cards Historic Market Review by Type in US$ Million: 2012-2019
    • TABLE 15: Prepaid Cards Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
  • JAPAN
    • TABLE 16: Japanese Market for Prepaid Cards: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
    • TABLE 17: Prepaid Cards Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
    • TABLE 18: Japanese Prepaid Cards Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • CHINA
    • TABLE 19: Chinese Prepaid Cards Market Growth Prospects in US$ Million by Type for the Period 2020-2027
    • TABLE 20: Prepaid Cards Historic Market Analysis in China in US$ Million by Type: 2012-2019
    • TABLE 21: Chinese Prepaid Cards Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • EUROPE
    • Market Facts & Figures
    • European Prepaid Cards Market: Competitor Market Share Scenario (in %) for 2018 & 2025
    • Market Analytics
    • TABLE 22: European Prepaid Cards Market Demand Scenario in US$ Million by Region/Country: 2020-2027
    • TABLE 23: Prepaid Cards Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
    • TABLE 24: European Prepaid Cards Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 25: European Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020-2027
    • TABLE 26: Prepaid Cards Market in Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
    • TABLE 27: European Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • FRANCE
    • TABLE 28: Prepaid Cards Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 29: French Prepaid Cards Historic Market Scenario in US$ Million by Type: 2012-2019
    • TABLE 30: French Prepaid Cards Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • GERMANY
    • TABLE 31: Prepaid Cards Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
    • TABLE 32: German Prepaid Cards Historic Market Analysis in US$ Million by Type: 2012-2019
    • TABLE 33: German Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • ITALY
    • TABLE 34: Italian Prepaid Cards Market Growth Prospects in US$ Million by Type for the Period 2020-2027
    • TABLE 35: Prepaid Cards Historic Market Analysis in Italy in US$ Million by Type: 2012-2019
    • TABLE 36: Italian Prepaid Cards Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • UNITED KINGDOM
    • TABLE 37: United Kingdom Market for Prepaid Cards: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
    • TABLE 38: Prepaid Cards Market in the United Kingdom: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
    • TABLE 39: United Kingdom Prepaid Cards Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • SPAIN
    • TABLE 40: Spanish Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
    • TABLE 41: Spanish Prepaid Cards Historic Market Review by Type in US$ Million: 2012-2019
    • TABLE 42: Prepaid Cards Market in Spain: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
  • RUSSIA
    • TABLE 43: Russian Prepaid Cards Market Estimates and Projections in US$ Million by Type: 2020 to 2027
    • TABLE 44: Prepaid Cards Market in Russia by Type: A Historic Review in US$ Million for 2012-2019
    • TABLE 45: Russian Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • REST OF EUROPE
    • TABLE 46: Rest of Europe Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020-2027
    • TABLE 47: Prepaid Cards Market in Rest of Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
    • TABLE 48: Rest of Europe Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • ASIA-PACIFIC
    • TABLE 49: Asia-Pacific Prepaid Cards Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 50: Prepaid Cards Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
    • TABLE 51: Asia-Pacific Prepaid Cards Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
    • TABLE 52: Prepaid Cards Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 53: Asia-Pacific Prepaid Cards Historic Market Scenario in US$ Million by Type: 2012-2019
    • TABLE 54: Asia-Pacific Prepaid Cards Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • AUSTRALIA
    • TABLE 55: Prepaid Cards Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
    • TABLE 56: Australian Prepaid Cards Historic Market Analysis in US$ Million by Type: 2012-2019
    • TABLE 57: Australian Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • INDIA
    • TABLE 58: Indian Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
    • TABLE 59: Indian Prepaid Cards Historic Market Review by Type in US$ Million: 2012-2019
    • TABLE 60: Prepaid Cards Market in India: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
  • SOUTH KOREA
    • TABLE 61: Prepaid Cards Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
    • TABLE 62: South Korean Prepaid Cards Historic Market Analysis in US$ Million by Type: 2012-2019
    • TABLE 63: Prepaid Cards Market Share Distribution in South Korea by Type: 2012 VS 2020 VS 2027
  • REST OF ASIA-PACIFIC
    • TABLE 64: Rest of Asia-Pacific Market for Prepaid Cards: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
    • TABLE 65: Prepaid Cards Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
    • TABLE 66: Rest of Asia-Pacific Prepaid Cards Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • LATIN AMERICA
    • TABLE 67: Latin American Prepaid Cards Market Trends by Region/Country in US$ Million: 2020-2027
    • TABLE 68: Prepaid Cards Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
    • TABLE 69: Latin American Prepaid Cards Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
    • TABLE 70: Latin American Prepaid Cards Market Growth Prospects in US$ Million by Type for the Period 2020-2027
    • TABLE 71: Prepaid Cards Historic Market Analysis in Latin America in US$ Million by Type: 2012-2019
    • TABLE 72: Latin American Prepaid Cards Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • ARGENTINA
    • TABLE 73: Argentinean Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020-2027
    • TABLE 74: Prepaid Cards Market in Argentina in US$ Million by Type: A Historic Review for the Period 2012-2019
    • TABLE 75: Argentinean Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • BRAZIL
    • TABLE 76: Prepaid Cards Market in Brazil by Type: Estimates and Projections in US$ Million for the Period 2020-2027
    • TABLE 77: Brazilian Prepaid Cards Historic Market Scenario in US$ Million by Type: 2012-2019
    • TABLE 78: Brazilian Prepaid Cards Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • MEXICO
    • TABLE 79: Prepaid Cards Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
    • TABLE 80: Mexican Prepaid Cards Historic Market Analysis in US$ Million by Type: 2012-2019
    • TABLE 81: Mexican Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • REST OF LATIN AMERICA
    • TABLE 82: Rest of Latin America Prepaid Cards Market Estimates and Projections in US$ Million by Type: 2020 to 2027
    • TABLE 83: Prepaid Cards Market in Rest of Latin America by Type: A Historic Review in US$ Million for 2012-2019
    • TABLE 84: Rest of Latin America Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • MIDDLE EAST
    • TABLE 85: The Middle East Prepaid Cards Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
    • TABLE 86: Prepaid Cards Market in the Middle East by Region/Country in US$ Million: 2012-2019
    • TABLE 87: The Middle East Prepaid Cards Market Share Breakdown by Region/Country: 2012, 2020, and 2027
    • TABLE 88: The Middle East Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
    • TABLE 89: The Middle East Prepaid Cards Historic Market by Type in US$ Million: 2012-2019
    • TABLE 90: Prepaid Cards Market in the Middle East: Percentage Share Breakdown of Sales by Type for 2012,2020, and 2027
  • IRAN
    • TABLE 91: Iranian Market for Prepaid Cards: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
    • TABLE 92: Prepaid Cards Market in Iran: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
    • TABLE 93: Iranian Prepaid Cards Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • ISRAEL
    • TABLE 94: Israeli Prepaid Cards Market Estimates and Forecasts in US$ Million by Type: 2020-2027
    • TABLE 95: Prepaid Cards Market in Israel in US$ Million by Type: A Historic Review for the Period 2012-2019
    • TABLE 96: Israeli Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • SAUDI ARABIA
    • TABLE 97: Saudi Arabian Prepaid Cards Market Growth Prospects in US$ Million by Type for the Period 2020-2027
    • TABLE 98: Prepaid Cards Historic Market Analysis in Saudi Arabia in US$ Million by Type: 2012-2019
    • TABLE 99: Saudi Arabian Prepaid Cards Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • UNITED ARAB EMIRATES
    • TABLE 100: Prepaid Cards Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
    • TABLE 101: United Arab Emirates Prepaid Cards Historic Market Analysis in US$ Million by Type: 2012-2019
    • TABLE 102: Prepaid Cards Market Share Distribution in United Arab Emirates by Type: 2012 VS 2020 VS 2027
  • REST OF MIDDLE EAST
    • TABLE 103: Prepaid Cards Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
    • TABLE 104: Rest of Middle East Prepaid Cards Historic Market Analysis in US$ Million by Type: 2012-2019
    • TABLE 105: Rest of Middle East Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • AFRICA
    • TABLE 106: African Prepaid Cards Market Estimates and Projections in US$ Million by Type: 2020 to 2027
    • TABLE 107: Prepaid Cards Market in Africa by Type: A Historic Review in US$ Million for 2012-2019
    • TABLE 108: African Prepaid Cards Market Share Breakdown by Type: 2012 VS 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 154
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