PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332628
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1332628
According to SPER Market Research, 'Indonesia Prepaid Cards Market Size- By Card Type, By Purpose, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Indonesia Prepaid Cards Market is predicted to reach USD 157.94 billion by 2033 with a CAGR of 17.91%.
A stored-value card, commonly known as a prepaid card, is designed to utilize funds that have been loaded onto it in advance for various transactions. These cards offer the advantage of not being tied to a specific bank account, making them accessible to individuals irrespective of their credit rating, income, or account status. There are two types of prepaid cards: disposable ones that cannot be reloaded and are discarded after use, and reloadable cards that can be topped up with additional funds as needed.
the COVID-19 pandemic has had a significant effect. Prepaid cards have become more popular as a safe and contactless payment option as a result of the lockdowns and social segregation measures that were put in place. There was a rise in e-commerce transactions as a result. Prepaid cards have emerged as the go-to option for online shopping and bill payments as individuals avoid making actual currency transactions to reduce the risk of virus transmission.