Asia Pacific Prepaid Cards Market 2021 Business Opportunities, Current Trends, Challenges and Forecast 2025

Asia Pacific Prepaid Cards Market Size and Forecast to 2021 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Prepaid Cards data that enhances the understanding, scope, and application of this report.

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https://www.marketinsightsreports.com/reports/10133345653/asia-pacific-prepaid-cards-business-and-investment-opportunities-market-size-and-forecast-2016-2025-consumer-attitude-behaviour-retail-spend-market-risk/inquiry?Mode=28                          

Market Overview:

The prepaid card market is booming across the Asia-Pacific region. In emerging markets in Asia, where consumers have limited access to other forms of cashless payments, prepaid cards have served an essential role in the daily life of people across Asia over the last four to eight quarters.

As demand for non-cash payment types increases in this region, PayNXT360 expects the payment method to experience profound growth from the short to medium-term perspective. Moreover, as e-commerce spreads globally along with the demand for cashless payment methods, PayNXT360 expects the prepaid card segment to benefit significantly.

The rising adoption of corporate prepaid cards driving the market growth:

Across the region, FinTech firms are seeing accelerated adoption of corporate prepaid cards from businesses ranging from VC-backed startups to SMEs across sectors. Looking at this growing popularity of corporate prepaid cards in Asia, FinTech firms are raising funds to capitalize on the rising demand and further strengthen their position in the market.

For instance,In May 2021, India-based FinTech firm Kodo, which specializes in corporate prepaid cards and business payment solutions for SMEs and startups, raised US$8.75 million in its seed round from a slew of investors. Moreover, the startup is planning to use the funding round to build on its existing customer base and expand its presence across India.

Mergers and acquisition in the midst of growing prepaid card industry in Asia:

With the increasing demand for prepaid cards across the region, FinTech companies are focusing on expanding their reach in other markets. Consequently, the number of mergers and acquisitions increased considerably in recent years.

For instance,

- In July 2021, Singapore-based Nium announced the acquisition of Wirecard Forex India, a licensed prepaid card issuer under the Reserve Bank of India regulations and remittance service provider in India.
- This acquisition of Wirecard Forex India will provide Nium with an authorized dealership (AD2) license, allowing the Singapore-based firm to issue prepaid cards in India, among other services. Notably, the Singapore-based FinTech startup is also expected to apply for prepaid payments instrument license with the Reserve Bank of India to offer its own payment instruments as well such as branded travel cards.

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https://www.marketinsightsreports.com/reports/10133345653/asia-pacific-prepaid-cards-business-and-investment-opportunities-market-size-and-forecast-2016-2025-consumer-attitude-behaviour-retail-spend-market-risk?Mode=28  

The study objectives of this report are:

To study and analyze the Asia Pacific Prepaid Cards size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Prepaid Cards by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key Asia Pacific Prepaid Cards manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Prepaid Cards with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Prepaid Cards submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.            

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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