Prepaid Card Market by Card Type (Open Loop Prepaid Card and Closed Loop Prepaid Card), Usage (General-purpose Reloadable Card, Gift Card, Government Benefit/Disbursement Card, Payroll Card, and Others), and End User (Retail, Corporate Institutions, Government, and Financial Institutions): Global Opportunity Analysis and Industry Forecast, 20202027
- Published Date: 2020-11-18
- Report ID: 18201
- Pages: 245
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Format:
The prepaid card market is expected to exhibit high growth during the forecast period, owing to the convenience offered similar to that of a credit or debit card with the ability to allow the end user to set the spending limit according to the budget. Prepaid cards are a plastic alternative to carrying money around and are often called everyday cards. Prepaid cards have taken the place of cash, cheques, and other payment cards where consumers or businesses want to use an electronic means of payment, without linking the payment to a credit or debit account. However, various fees and security issues are expected to restrain the market growth. These restraints are expected to have a reduced impact in the near future, owing to the increase in popularity of prepaid cards among teenagers and students.
Europe occupied the highest market share of 49% in the global prepaid card market. Increased adoption of the prepaid cards by corporate offices and financial institutions and proactive efforts taken by European companies to increase awareness about prepaid card drive the market growth. The demand for prepaid cards in Europe is driven by the increase in number of applications in retail establishments, governments, and corporate institutions. Government initiatives to incorporate electronic payments over $1,000 to reduce tax avoidance drives the need for prepaid cards. Moreover, cost of basic banking is high, which further boosts the market growth.
Rise in demand for cash alternatives, increase in number of internet users, developments in the e-commerce industry, and increase in adoption of prepaid cards because of adding funds through multiple avenues fuel the growth of the market. However, lack of standardization is prone to fraudulent attacks, which hamper the growth of the market. Furthermore, increase in unbanked and underbanked population offers lucrative opportunities for the market growth globally.
The prepaid card market is categorized on the basis of card type, usage, end user, and region. By card type, the market is bifurcated into open loop prepaid card and closed loop prepaid card. By usage, it is classified into general-purpose reloadable card, gift card, government benefit/disbursement card, payroll card, and others. By end user, the market analyzed across retail establishments, corporate institutions, government, and financial institutions & others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the prepaid card market include American Express Company, BBVA Compass Bancshares, Inc., Green Dot Corporation, H&R Block Inc., JPMorgan Chase & Co., Kaiku Finance LLC., Mango Financial, Inc., NetSpend Holdings, Inc., PayPal Holdings, Inc. and UniRush, LLC. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
Key Benefits for Stakeholders
The study provides an in-depth analysis of the global prepaid card market forecast along with the current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the global prepaid card market size is provided in the report.
Porters five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market for the period 20202027 is provided to determine the market potential.
By Card Type
Open Loop Prepaid Card
Closed Loop Prepaid Card
By Usage
General-purpose Reloadable Card
Gift Card
Government Benefit/Disbursement card
Payroll Card
Others
By End User
Retail Establishments
Corporate Institutions
Government
Financial Institutions & Others
BY REGION
North America
o U.S.
o Canada
Europe
o UK
o Germany
o France
o Netherlands
o Spain
o Italy
o Nordic Countries
o Rest of Europe
Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea
o Rest of Asia-Pacific
LAMEA
o Latin America
o Middle East
o Africa
KEY PLAYERS
o American Express Company
o BBVA Compass Bancshares, Inc.
o Green Dot Corporation
o H&R Block Inc.
o JPMorgan Chase & Co.
o Kaiku Finance LLC.
o Mango Financial, Inc.
o NetSpend Holdings, Inc.
o PayPal Holdings, Inc.
o UniRush, LLC
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET LANDSCAPE
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers
3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2019
3.5. MARKET DYNAMICS
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
CHAPTER 4: PREPAID CARD MARKET BY CARD TYPE
4.1. OVERVIEW
4.2.CLOSED LOOP PREPAID CARD
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country
4.3.OPEN LOOP PREPAID CARD
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
CHAPTER 5: PREPAID CARD MARKET BY USAGE
5.1. OVERVIEW
5.2.GENERAL-PURPOSE RELOADABLE CARD
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country
5.3. GIFT CARD
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country
5.4.GOVERNMENT BENEFITS/DISBURSEMENT CARD
5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country
5.5. INCENTIVE/PAYROLL CARD
5.5.1.Key market trends, growth factors and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market share analysis, by country
5.6.OTHERS
5.6.1.Key market trends, growth factors and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market share analysis, by country
CHAPTER 6: PREPAID CARD MARKET BY INDUSTRY VERTICAL
6.1. OVERVIEW
6.2.RETAIL ESTABLISHMENTS
6.2.1.Key market trends, growth factors andopportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country
6.3.CORPORATE INSTITUTIONS
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country
6.4.GOVERNMENT
6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country
6.5.FINANCIAL INSTITUTIONS & OTHERS
6.5.1.Key market trends, growth factors and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market share analysis, by country
CHAPTER 7: PREPAID CARD MARKET BY REGION
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by card type
7.2.3.Market size and forecast, by usage
7.2.4.Market size and forecast, by industry vertical
7.2.5.Market size and forecast, by Country
7.2.6.U.S.
7.2.6.1.Market size and forecast, by card type
7.2.6.2.Market size and forecast, by usage
7.2.6.3.Market size and forecast, by industry vertical
7.2.7. Canada
7.2.7.1.Market size and forecast, by card type
7.2.7.2.Market size and forecast, by usage
7.2.7.3.Market size and forecast, by industry vertical
7.3. EUROPE
7.3.1.Key market trends and opportunities
7.3.2.Market size and forecast, by card type
7.3.3.Market size and forecast, by usage
7.3.4.Market size and forecast, by industry vertical
7.3.5.Market size and forecast, by Country
7.3.6.UK
7.3.6.1.Market size and forecast, by card type
7.3.6.2.Market size and forecast, by usage
7.3.6.3.Market size and forecast, by industry vertical
7.3.7. Germany
7.3.7.1.Market size and forecast, by card type
7.3.7.2.Market size and forecast, by usage
7.3.7.3.Market size and forecast, by industry vertical
7.3.8. France
7.3.8.1.Market size and forecast, by card type
7.3.8.2.Market size and forecast, by usage
7.3.8.3.Market size and forecast, by industry vertical
7.3.9. Russia
7.3.9.1.Market size and forecast, by card type
7.3.9.2.Market size and forecast, by usage
7.3.9.3.Market size and forecast, by industry vertical
7.3.10. Rest of Europe
7.3.10.1.Market size and forecast, by card type
7.3.10.2.Market size and forecast, by usage
7.3.10.3.Market size and forecast, by industry vertical
7.4. ASIA-PACIFIC
7.4.1.Key market trends and opportunities
7.4.2.Market size and forecast, by card type
7.4.3.Market size and forecast, by usage
7.4.4.Market size and forecast, by industry vertical
7.4.5.Market size and forecast, by Country
7.4.6.India
7.4.6.1.Market size and forecast, by card type
7.4.6.2.Market size and forecast, by usage
7.4.6.3.Market size and forecast, by industry vertical
7.4.7. China
7.4.7.1.Market size and forecast, by card type
7.4.7.2.Market size and forecast, by usage
7.4.7.3.Market size and forecast, by industry vertical
7.4.8. Japan
7.4.8.1.Market size and forecast, by card type
7.4.8.2.Market size and forecast, by usage
7.4.8.3.Market size and forecast, by industry vertical
7.4.9. South Korea
7.4.9.1.Market size and forecast, by card type
7.4.9.2.Market size and forecast, by usage
7.4.9.3.Market size and forecast, by industry vertical
7.4.10. Australia
7.4.10.1.Market size and forecast, by card type
7.4.10.2.Market size and forecast, by usage
7.4.10.3.Market size and forecast, by industry vertical
7.4.11. Rest of Asia-Pacific
7.4.11.1.Market size and forecast, by card type
7.4.11.2.Market size and forecast, by usage
7.4.11.3.Market size and forecast, by industry vertical
7.5. LAMEA
7.5.1.Key market trends and opportunities
7.5.2.Market size and forecast, by card type
7.5.3.Market size and forecast, by usage
7.5.4.Market size and forecast, by industry vertical
7.5.5.Market size and forecast, by Country
7.5.6.Latin America
7.5.6.1.Market size and forecast, by card type
7.5.6.2.Market size and forecast, by usage
7.5.6.3.Market size and forecast, by industry vertical
7.5.7. Middle East
7.5.7.1.Market size and forecast, by card type
7.5.7.2.Market size and forecast, by usage
7.5.7.3.Market size and forecast, by industry vertical
7.5.8. Africa
7.5.8.1.Market size and forecast, by card type
7.5.8.2.Market size and forecast, by usage
7.5.8.3.Market size and forecast, by industry vertical
CHAPTER 8: COMPANY PROFILES
8.1.AMERICAN EXPRESS COMPANY
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2.BBVA GROUP
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.2.7. Key strategic moves and developments
8.3.GREEN DOT CORPORATION
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4.HRB DIGITAL LLC.
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.4.7. Key strategic moves and developments
8.5.JPMORGAN CHASE & CO.
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6.KAIKU FINANCE, LLC.
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.6.7. Key strategic moves and developments
8.7.MANGO FINANCIAL, INC.
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.7.7. Key strategic moves and developments
8.8.PAYPAL HOLDINGS INC.
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.8.7. Key strategic moves and developments
8.9.TOTAL SYSTEM SERVICES, INC. (NETSPEND)
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.9.7. Key strategic moves and developments
8.10.UNIRUSH, LLC
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
8.10.7. Key strategic moves and developments
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