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Pre-Paid Cards in South Africa

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    Report

  • 26 Pages
  • January 2026
  • Region: South Africa
  • Euromonitor International
  • ID: 1573178
Open-loop prepaid cards witnessed upheaval in 2025, in stark comparison to the consistent growth in closed-loop pre-paid cards, particularly transit fare cards. The shortage of social pre-paid cards led to a decline in volume share for leading player South African Postbank (SOC) Ltd.

This Pre-Paid Card Transactions in South Africa report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Closed Loop Pre-Paid Card Transactions, Open Loop Pre-Paid Card Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Pre-Paid Card Transactions market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2025 DEVELOPMENTS
  • Rising use of transportation pre-paid cards
INDUSTRY PERFORMANCE
  • Supply issues create challenging period for open loop pre-paid cards
  • Beneficiaries transition to private banks
WHAT’S NEXT?
  • Uncertainty over social grant payments with South African Postbank (SOC) Ltd at odds with SASSA
  • South African Reserve Bank looks to overhaul the regulatory framework around gift cards
  • Expansion of transport infrastructure throughout major South African cities set to benefit closed loop pre-paid cards
COMPETITIVE LANDSCAPE
  • Transportation cards witness consistent growth
  • Leading issuer South African Postbank (SOC) Ltd continues to lose share
CATEGORY DATA
  • Table 1 Pre-paid Cards: Number of Cards in Circulation 2020-2025
  • Table 2 Pre-paid Cards Transactions 2020-2025
  • Table 3 Pre-paid Cards in Circulation: % Growth 2020-2025
  • Table 4 Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 5 Closed Loop Pre-paid Cards Transactions 2020-2025
  • Table 6 Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 7 Open Loop Pre-paid Cards Transactions 2020-2025
  • Table 8 Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 9 Pre-paid Cards: Number of Cards by Issuer 2020-2024
  • Table 10 Pre-paid Cards: Number of Cards by Operator 2020-2024
  • Table 11 Pre-paid Cards Transaction Value by Issuer 2020-2024
  • Table 12 Pre-paid Cards Transaction Value by Operator 2020-2024
  • Table 13 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
  • Table 14 Closed Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
  • Table 15 Closed Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
  • Table 16 Closed Loop Pre-paid Cards Transaction Value by Operator 2020-2024
  • Table 17 Open Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
  • Table 18 Open Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
  • Table 19 Open Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
  • Table 20 Open Loop Pre-paid Cards Transaction Value by Operator 2020-2024
  • Table 21 Forecast Pre-paid Cards: Number of Cards in Circulation 2025-2030
  • Table 22 Forecast Pre-paid Cards Transactions 2025-2030
  • Table 23 Forecast Pre-paid Cards in Circulation: % Growth 2025-2030
  • Table 24 Forecast Pre-paid Cards Transactions: % Growth 2025-2030
  • Table 25 Forecast Closed Loop Pre-paid Cards Transactions 2025-2030
  • Table 26 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2025-2030
  • Table 27 Forecast Open Loop Pre-paid Cards Transactions 2025-2030
  • Table 28 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2025-2030
COUNTRY REPORTSFINANCIAL CARDS AND PAYMENTS IN SOUTH AFRICA
EXECUTIVE SUMMARY
  • Digital evolution brings innovation to financial cards and payments
KEY DATA FINDINGS
INDUSTRY PERFORMANCE
  • Lower interest rates support uptick in consumer confidence
  • Digital technologies continue to transform consumer banking services
  • South African Reserve Bank opens national payment system to fintechs under new regulations
  • Postbank continues to encounter challenges with SASSA terminating their contract
WHAT’S NEXT?
  • Bright outlook for the evolving financial cards and payments industry
  • Retailers and foreign banks will reshape the competitive landscape
COMPETITIVE LANDSCAPE
  • Digital-first brands make a play in highly competitive landscape
  • Visa and Mastercard remain dominant card operators
  • Consolidation marks period of strategic expansion amid fintech integration
MARKET INDICATORS
  • Table 29 Number of POS Terminals: Units 2020-2025
  • Table 30 Number of ATMs: Units 2020-2025
  • Table 31 Value Lost to Fraud 2020-2025
  • Table 32 Card Expenditure by Location 2025
  • Table 33 Financial Cards in Circulation by Type: % Number of Cards 2020-2025
  • Table 34 Domestic versus Foreign Spend 2025
MARKET DATA
  • Table 35 Financial Cards by Category: Number of Cards in Circulation 2020-2025
  • Table 36 Financial Cards by Category: Number of Accounts 2020-2025
  • Table 37 Financial Cards Transactions by Category: Value 2020-2025
  • Table 38 Financial Cards by Category: Number of Transactions 2020-2025
  • Table 39 Consumer Payments by Category: Value 2020-2025
  • Table 40 Consumer Payments by Category: Number of Transactions 2020-2025
  • Table 41 M-Commerce by Category: Value 2020-2025
  • Table 42 M-Commerce by Category: % Value Growth 2020-2025
  • Table 43 Financial Cards: Number of Cards by Issuer 2020-2024
  • Table 44 Financial Cards: Number of Cards by Operator 2020-2024
  • Table 45 Financial Cards: Card Payment Transactions Value by Operator 2020-2024
  • Table 46 Financial Cards: Card Payment Transactions Value by Issuer 2020-2024
  • Table 47 Forecast Financial Cards by Category: Number of Cards in Circulation 2025-2030
  • Table 48 Forecast Financial Cards by Category: Number of Accounts 2025-2030
  • Table 49 Forecast Financial Cards Transactions by Category: Value 2025-2030
  • Table 50 Forecast Financial Cards by Category: Number of Transactions 2025-2030
  • Table 51 Forecast Consumer Payments by Category: Value 2025-2030
  • Table 52 Forecast Consumer Payments by Category: Number of Transactions 2025-2030
  • Table 53 Forecast M-Commerce by Category: Value 2025-2030
  • Table 54 Forecast M-Commerce by Category: % Value Growth 2025-2030
COUNTRY REPORTS
SOURCES
  • Summary 1 Research Sources