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World Prepaid credit card Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773055
  • Report
  • Region: Global
  • Allied Analytics LLP
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Prepaid credit cards though termed so, are not exactly credit cards, as they provide no credit to the cardholder. The card allows the customers to spend money that they have already deposited in the account concerned. These cards are powered by MasterCard, Visa, American Express, etc., making them acceptable at cash counters. As per Mercator Advisory Group, consumers deposited almost $28.6 billion in Prepaid credit cards in the year 2009 and this amount is estimated to reach $168 billion by 2015. Large number of credit card consumers are been shifting towards prepaid cards as per recent surveys. Proper handling of cash and managing expenditure is a primary factor for consumers choosing prepaid cards over credit cards. However, lack of real credit granted by the card providing financial institutions is a major restraining factor.



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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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