Press release
Prepaid Card Market to Grow from $21.98B in 2023 to $41.57B by 2028 at 13.4% CAGR, Driven by Increasing Usage and Convenience
Prepaid Card Market Report
As per the report, the prepaid card market size has grown rapidly in recent years. It will grow from $21.98 billion in 2023 to $25.12 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The prepaid card market size is expected to see rapid growth in the next few years. It will grow to $41.57 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=3710&type=smp
Prepaid Cards Gain Popularity As A Convenient Alternative To Traditional Banking Fuelling Growth In The Prepaid Card Market
Increasing the use of prepaid cards as a substitute for traditional bank cards is a key factor driving the growth of the 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 into the prepaid card account. According to the Reserve Bank of India, debit card payments in 2021 reached 412 crores. 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, paying 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 forecast period.
Transforming The Prepaid Card Market With Innovative Charity Payback Solutions
Major companies operating in the prepaid card market are innovating new products, such as Neokred to increase their profitability in the market. Neokred is a payments infrastructure enabler that aids businesses in smoothly launching their banking solutions. For instance, in July 2023, Giverly, a US-based social impact fintech startup, launched Neokred. The card, which is co-branded with Visa and Transcorp International, is a charity payback platform that turns online purchases into gratuitous contributions that have real impact on some of the most important humanitarian issues. The card is intended to change the way people give to charities and give to charities, providing each organization a real effect.
The prepaid card market covered in this report is segmented -
1) By Type: General-Purpose Reloadable Card, Prepaid Gift Card, Government Benefit Card, Payroll Card, Other Types
2) By Card Type: Open Loop Prepaid Card, Closed Loop Prepaid Card
3) By Application: Retail Establishments, Corporate Institutions, Government, Other Applications
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=3710&type=discount
Major companies operating in the prepaid card market report are Walmart Inc., JPMorgan Chase & Co., American Express Company, Visa Inc., PayPal Holdings Inc., Truist Financial Corporation, Mastercard Incorporated, eBay Inc., Regions Financial Corporation, The Western Union Company, Western Union Financial Services Inc., Total System Services LLC, Chime Financial Inc., Akimbo Financial Inc., Green Dot Corporation, Republic Bank & Trust Company, Pathward N.A., Insight Card Services Inc., NetSpend Holdings Inc., Rêv Worldwide Inc., FamZoo Inc., Prepaid2cash Holdings Inc., BBVA Compass Bancshares Inc., Kaiku Finance LLC, Mango Financial Inc., Bluebird by American Express, Prepaid Expense Card Solutions Inc., Achieve Financial Services LLC, MovoCash Inc., Cashflows
Contents of the report:
1. Executive Summary
2. Prepaid Card Market Report Structure
3. Prepaid Card Market Trends And Strategies
4. Prepaid Card Market - Macro Economic Scenario
5. Prepaid Card Market Size And Growth
…..
27. Prepaid Card Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/prepaid-card-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Prepaid Card Market to Grow from $21.98B in 2023 to $41.57B by 2028 at 13.4% CAGR, Driven by Increasing Usage and Convenience here
News-ID: 3581824 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Card
Gift Card and Incentive Card Market Set for Explosive Growth | National Gift Car …
A new business intelligence report released by AMA with title "Gift Card and Incentive Card Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Gift Card and Incentive Card Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through…
IC Card/Smart Card Market 2022 | Detailed Report
The IC Card/Smart Card research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the IC Card/Smart Card research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report…
Prepaid Card Market by Card Type (Single-purpose prepaid card, and Multi-purpose …
Higher preference of prepaid cards to bank account cards has attributed to cost-effectiveness and flexibility. Moreover, increase in awareness and convenience of these cards enhance the adoption of prepaid cards. Furthermore, emerging applications & acceptance of these prepaid cards for various transactions and increasing popularity among individuals traveling abroad are expected to boost the market growth in the future.
A new report published by Allied Market Research, titled, Prepaid Card Market…
Prepaid Card Market by Card Type (Single-purpose prepaid card, and Multi-purpose …
Higher preference of prepaid cards to bank account cards has attributed to cost-effectiveness and flexibility. Moreover, increase in awareness and convenience of these cards enhance the adoption of prepaid cards. Furthermore, emerging applications & acceptance of these prepaid cards for various transactions and increasing popularity among individuals traveling abroad are expected to boost the market growth in the future
Prepaid Card Market is projected to grow at a CAGR of 22.7%…
Card Intelligent Lock Market Report 2018: Segmentation by Type (Magnetic card Lo …
Global Card Intelligent Lock market research report provides company profile for Tri-circle, Dessmann, Royalwand, Bangpai, ZKTeco, Schlage, KEYLOCK, Yale, Tenon, KAADAS, BE-TECH and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
Prepaid Card Market Report 2018: Segmentation by Card Type (Single-purpose prepa …
Global Prepaid Card market research report provides company profile for Green Dot Corporation, NetSpend Holdings, Inc., H&R Block Inc., American Express Company, JPMorgan Chase & Co., PayPal Holdings, Inc., BBVA Compass Bancshares, Inc. and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
