Prepaid Card Market Players Attract Large Consumer Base With Flexible Credit Limits

Date:

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY


CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

Prepaid Card Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Business Research Company’s Prepaid Card Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

LONDON, GREATER LONDON, UK, March 24, 2022 /EINPresswire.com/ — Major players operating in the industry are undertaking various strategic initiatives such as partnerships and collaborations which are gaining significant popularity in the prepaid card market. Companies are collaborating with other market players to offer prepaid cards with flexible credit limits to attract a large consumer base for a prepaid card. For instance, in November 2020, MobiKwik collaborated with American Express (Amex) card network to introduce its first virtual prepaid payments card with a flexible credit limit. With the launch of the prepaid payment card, MobiKwik becomes the first non-bank in India to issue cards.

Major players covered in the global prepaid card industry are American Express Company, BBVA Compass Bancshares Inc., Green Dot Corporation, JPMorgan Chase & Co., Kaiku Finance LLC., Mango Financial Inc, NetSpend Holdings Inc, PayPal Holdings Inc, UniRush LLC, and Master Card Incorporated.

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

Read more on the Global Prepaid Card Market Report:
https://www.thebusinessresearchcompany.com/report/prepaid-card-global-market-report

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

The global prepaid card market size is expected to grow from $13.79 billion in 2021 to $15.25 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global prepaid card market share is then expected to grow to $22.11 billion in 2026 at a CAGR of 9.7%.

Increasing the use of prepaid cards as a substitute for traditional bank cards is a key factor driving the growth of the global prepaid card market. A prepaid card is not connected to a bank checking account or a draught account for a credit union share, instead, users invest money in advance deposited in the prepaid card account. Prepaid cards are similar to debit cards and permit the consumer to spend money up to the amount loaded on the card for making purchases, gas bills, shopping, and paying online bills. Therefore, increasing usage of prepaid cards is expected to propel the growth of the prepaid card market in the coming years.

TBRC’s global prepaid card market research report is segmented by type into general purpose reloadable card, prepaid gift card, government benefit card, payroll card, others, by card type into open loop prepaid card, closed loop prepaid card, by application into retail establishments, corporate institutions, government, others.

Prepaid Card Global Market Report 2022 – By Type (General-Purpose Reloadable Card, Prepaid Gift Card, Government Benefit Card, Payroll Card, Other Types), By Card Type (Open Loop Prepaid Card, Closed Loop Prepaid Card), By Application (Retail Establishments, Corporate Institutions, Government, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a prepaid card global market overview, forecast prepaid card market size and growth for the whole market, prepaid card market segments, geographies, prepaid card market trends, prepaid card market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request for a Sample of the Global Prepaid Card Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3710&type=smp

CHOOSE YOUR CHOICE GIFT CARD OFFER TODAY

Not what you were looking for? Here is a list of similar reports by The Business Research Company:
Cards & Payments Global Market Report 2022 – By Type (Cards, Payments), By Institution Type (Banking Institutions, Non-Banking Institutions), By Application (Food And Groceries, Health And Pharmacy, Restaurants And Bars, Consumer Electronics, Media And Entertainment, Travel And Tourism) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/cards-and-payments-global-market-report

Lending And Payments Global Market Report 2022 – By Type (Lending, Cards And Payments), By Lending Channel (Offline, Online), By End User (B2B, B2C) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/lending-and-payments-global-market-report

Cards Market Report 2022 – By Type (General Purpose, Private Label), By Usage (General-Purpose Re-Loadable Card, Government Benefit/Disbursement Card, Payroll Card), By End User (Retail Establishments, Corporate Institutions, Government, Financial Institutions) – Market Size, Trends, And Global Forecast 2022-2026
https://www.thebusinessresearchcompany.com/report/cards-global-market-report

About The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://bit.ly/3b7850r
Twitter: https://bit.ly/3b1rmjS
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Market Research Products, Services, Solutions For Your Business – TBRC





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Stock Market News: Nasdaq's best January in 22 years, PayPal … – Fox Business

Stock Market News: Nasdaq's best January in 22...

National Grid outlines programs for those in need of help to pay … – Rome Sentinel

National Grid outlines programs for those in need...

Could Amazon (AMZN Stock) downside to the 100 level? – FXStreet

Could Amazon (AMZN Stock) downside to the 100...