Prepaid Card Market by Card Type, Usage, Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4176059
  • Report
  • Region: Global
  • 172 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • AccountNow Inc.
  • Green Dot Corporation
  • JP Morgan Chase & Co.
  • Kaiku Finance, LLC.
  • Mastercard Incorporated
  • NetSpend Holding Inc.
  • MORE
Prepaid Card Market by Card Type (Single-purpose Prepaid Card, and Multi-purpose Prepaid Card), Usage (General-Purpose Reloadable Card, Gift Card, Government Benefits/Disbursement Card, Incentive/Payroll Card, and Others), Industry Vertical (Retail Establishments, Corporate Institutions, Government, Financial Institutions, and Others)

The global prepaid card market is anticipated to register a CAGR of 22.7% from 2016 to 2022 to attain a market size of around $3,653 billion by 2022.

Prepaid card is a payment card where funds are connected directly to a card without any link through the bank account. Prepaid cards are reloadable cards that allow the customer to only spend up to the amount he/she has pre-deposited into their account. These cards are widely used in retailer stores, e-commerce, and others. There are no interest rates applied to these cards, although an initial fee is associated with them. Prepaid cards can be easily accessed by swiping them without any picture ID and PIN number. In addition, they are poised to have a transformative effect on retail establishments, corporate institutions, and others.

In the recent years, the mode of payment has revolutionized, as number of transactions have taken place through cards instead of cash. Prepaid cards are available to everyone, regardless of credit rating, income, or whether or not someone holds a bank account. They are a substitute to a traditional bank account and are a new way to manage money. They function in a similar manner to credit and debit cards; thus, the user can also use them abroad. However, various types of fees associated with the prepaid card transaction and lack of security measures as compared to credit or debit cards are major restraints for the market growth. Moreover, emerging applications & acceptance of these prepaid cards for various transactions and their increasing popularity during traveling abroad are expected to boost the market growth in the future.

The global prepaid card market is segmented based on card type, usage, industry vertical, and geography. On the basis of card type, the market is divided into single-purpose prepaid card and multi-purpose prepaid card. Based on the usage, it is divided into general-purpose reloadable card, gift card, government benefits/disbursement card, incentive/payroll card, and others. Industry verticals covered in the study include retail establishments, corporate institutions, government, and financial institutions & others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (Japan, South Korea, China, India and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Major companies profiled in the report include The American Express Company., Visa Inc. MasterCard Incorporated, PayPal Holdings, Inc., Kaiku Finance, LLC., The Western Union Company, Green Dot Corporation, NetSpend Holding Inc., JP Morgan Chase & Co., and AccountNow Inc.

POTENTIAL BENEFITS FOR STAKEHOLDERS

Comprehensive analysis of the current trends and future estimations of the global prepaid card market is provided in the report.
The report provides a competitive scenario of the market along with growth trends, market structure, driving factors, scope, opportunities, and challenges.
The report provides a detailed analysis of the key segments to provide insights on the market dynamics.
Porter’s Five Forces analysis highlights the potential of buyers and suppliers as well as insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.

MARKET SEGMENTATION

The global prepaid card market is segmented based on card type, usage, industry vertical, and geography.

BY CARD TYPE

Single-purpose Prepaid Card
Multi-purpose Prepaid Card

BY USAGE

General-Purpose Reloadable Card
Gift Card
Government Benefits/Disbursement Card
Incentive/Payroll Card
Others

BY INDUSTRY VERTICAL

Retail Establishments
Corporate Institutions
Government
Financial Institutions & Others

BY GEOGRAPHY

North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AccountNow Inc.
  • Green Dot Corporation
  • JP Morgan Chase & Co.
  • Kaiku Finance, LLC.
  • Mastercard Incorporated
  • NetSpend Holding Inc.
  • MORE
Chapter 1 Introduction

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models

Chapter 2 Executive Summary

2.1. Cxperspective

Chapter 3 Market Overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top Impacting Factors
3.2.2. Top Winning Strategies
3.2.3. Top Investment Pockets

3.3. Porters Five Forces Analysis
3.4. Market Share Analysis, 2015
3.5. Market Dynamics

3.5.1. Drivers
3.5.2. Restraint
3.5.3. Opportunities

Chapter 4 Prepaid Card Market, By Card Type

4.1. Overview

4.1.1. Market Size And Forecast

4.2. Multi-Purpose Prepaid Card

4.2.1. Introduction
4.2.2. Key Market Trends, Growth Factors, And Opportunities
4.2.3. Market Size And Forecast

4.3. Single-Purpose Prepaid Card

4.3.1. Introduction
4.3.2. Key Market Trends, Growth Factors, And Opportunities
4.3.3. Market Size And Forecast

Chapter 5 Prepaid Card Market, By Usage

5.1. Overview

5.1.1. Market Size And Forecast

5.2. General Purpose Reloadable Card

5.2.1. Introduction
5.2.2. Key Market Trends, Growth Factors, And Opportunities
5.2.3. Market Size And Forecast

5.3. Gift Card

5.3.1. Introduction
5.3.2. Key Market Trends, Growth Factors, And Opportunities
5.3.3. Market Size And Forecast

5.4. Government Benefits/Disbursement Card

5.4.1. Introduction
5.4.2. Key Market Trends, Growth Factors, And Opportunities
5.4.3. Market Size And Forecast

5.5. Incentive/Payroll Card

5.5.1. Introduction
5.5.2. Key Market Trends, Growth Factors, And Opportunities
5.5.3. Market Size And Forecast

5.6. Others

5.6.1. Introduction
5.6.2. Key Market Trends, Growth Factors, And Opportunities
5.6.3. Market Size And Forecast

Chapter 6 Prepaid Card Market, By Industry Vertical

6.1. Overview

6.1.1. Market Size And Forecast

6.2. Retail Establishments

6.2.1. Introduction
6.2.2. Key Market Trends, Growth Factors, And Opportunities
6.2.3. Market Size And Forecast

6.3. Corporate Institutions

6.3.1. Introduction
6.3.2. Key Market Trends, Growth Factors, And Opportunities
6.3.3. Market Size And Forecast

6.4. Government

6.4.1. Introduction
6.4.2. Key Market Trends, Growth Factors, And Opportunities
6.4.3. Market Size And Forecast

6.5. Financial Institutions And Others

6.5.1. Introduction
6.5.2. Key Market Trends, Growth Factors, And Opportunities
6.5.3. Market Size And Forecast

Chapter 7 Prepaid Card Market, By Geography

7.1. Overview

7.1.1. Market Size And Forecast

7.2. North America

7.2.1. Introduction
7.2.2. Key Market Trends, Growth Factors, And Opportunities
7.2.3. Market Size And Forecast
7.2.4. U.S.

7.2.4.1. Market Size And Forecast

7.2.5. Canada

7.2.5.1. Market Size And Forecast

7.2.6. Mexico

7.2.6.1. Market Size And Forecast

7.3. Europe

7.3.1. Introduction
7.3.2. Key Market Trends, Growth Factors, And Opportunities
7.3.3. Market Size And Forecast
7.3.4. Uk

7.3.4.1. Market Size And Forecast

7.3.5. Germany

7.3.5.1. Market Size And Forecast

7.3.6. France

7.3.6.1. Market Size And Forecast

7.3.7. Italy

7.3.7.1. Market Size And Forecast

7.3.8. Rest Of Europe

7.3.8.1. Market Size And Forecast

7.4. Asia-Pacific

7.4.1. Introduction
7.4.2. Key Market Trends, Growth Factors, And Opportunities
7.4.3. Market Size And Forecast
7.4.4. Japan

7.4.4.1. Market Size And Forecast

7.4.5. South Korea

7.4.5.1. Market Size And Forecast

7.4.6. China

7.4.6.1. Market Size And Forecast

7.4.7. India

7.4.7.1. Market Size And Forecast

7.4.8. Rest Of Asia-Pacific

7.4.8.1. Market Size And Forecast

7.5. Lamea

7.5.1. Introduction
7.5.2. Key Market Trends, Growth Factors, And Opportunities
7.5.3. Market Size And Forecast
7.5.4. Latin America

7.5.4.1. Market Size And Forecast

7.5.5. Middle East

7.5.5.1. Market Size And Forecast

7.5.6. Africa

7.5.6.1. Market Size And Forecast

Chapter 8 Related Industry Insights

8.1. Mobile Payments Market

8.1.1. Executive Summary

8.2. Online Banking Market

8.2.1. Executive Summary

Chapter 9 Company Profiles

9.1. Accountnow Inc.

9.1.1. Company Overview
9.1.2. Key Strategic Moves And Developments

9.2. American Express Company

9.2.1. Company Overview
9.2.2. Operating Business Segments
9.2.3. Business Performance
9.2.4. Key Strategic Moves And Developments

9.3. Green Dot Corporation

9.3.1. Company Overview
9.3.2. Operating Business Segments
9.3.3. Business Performance
9.3.4. Key Strategic Moves And Developments

9.4. Jpmorgan Chase & Co.

9.4.1. Company Overview
9.4.2. Operating Business Segments
9.4.3. Business Performance
9.4.4. Key Strategic Moves And Developments

9.5. Kaiku Finance, Llc.

9.5.1. Company Overview
9.5.2. Key Strategic Moves And Developments

9.6. Mastercard

9.6.1. Company Overview
9.6.2. Business Performance
9.6.3. Key Strategic Moves And Developments

9.7. Netspend Holdings, Inc.

9.7.1. Company Overview
9.7.2. Key Strategic Moves And Developments

9.8. Paypal Holdings, Inc.

9.8.1. Company Overview
9.8.2. Business Performance
9.8.3. Key Strategic Moves And Developments

9.9. The Western Union Company

9.9.1. Company Overview
9.9.2. Operating Business Segments
9.9.3. Business Performance
9.9.4. Key Strategic Moves And Developments

9.10. Visa

9.10.1. Company Overview
9.10.2. Business Performance
9.10.3. Key Strategic Moves And Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AccountNow Inc.
  • Green Dot Corporation
  • JP Morgan Chase & Co.
  • Kaiku Finance, LLC.
  • Mastercard Incorporated
  • NetSpend Holding Inc.
  • MORE
A new report titled, Prepaid Card Market by Card Type (Single-Purpose Prepaid Card, Multi-Purpose Prepaid Card), Usage (General-Purpose Reloadable Card, Gift Card, Government Benefits/Disbursement Card, Incentive/Payroll Card and Others), and Industry Vertical (Retail Establishments, Corporate Institutions, Government & Financial Institutions, and Others)-Global Opportunity Analysis and Industry Forecast, 2014-2022, projects that the global prepaid card market is anticipated to reach $3,653 billion by 2022, registering a CAGR of 22.7% from 2016 to 2022. Europe dominates the global market in terms of revenue, accounting for more than 49.1% share of the global market, followed by Asia-Pacific.

Prepaid cards are widely used across various industry verticals such as corporate institutions, retailers, government, and financial institutions. Presently, factors such as increase in awareness & ease of access and surge in the number of internet users & booming e-commerce industry drive the market growth. Moreover, growth in unbanked and underbanked population and emergence of new applications are expected to present lucrative opportunities to market players.

The market is expected to grow at a significant rate in Europe and Asia-Pacific, owing to increase in demand for cash alternatives, rise in adoption of prepaid cards in retail establishments & government sectors, and widespread awareness of the benefits of prepaid cards among the populace. The prepaid card market in Europe is driven by rise in demand for smart cards and increased adoption of prepaid cards for easy payment.

Other developing and emerging regions, such as Asia-Pacific, Latin America, and Africa, are expected to grow during the forecast period, owing to increase in demand for electronic payment and growth of unbanked & underbanked population. Countries such as Japan, China, and India dominated the global prepaid card market in the Asia-Pacific region during 2015-2016. India is one of the emerging markets in the Asia-Pacific prepaid card market, accounting for 8.0% of the Asia-Pacific prepaid card market. It is estimated to register the highest CAGR of around 37.2% from 2016 to 2022

Single-purpose prepaid card segment dominated the global prepaid card market in 2015, and is expected to maintain this trend throughout the forecast period. However, Multi-purpose prepaid card segment is expected to witness significant growth in the future, owing to the easy of accessibility and flexibility.

The general-purpose reloadable card segment is projected to maintain its dominance in the global prepaid card market, as these cards are used across various industry vertical such as financial institutions, government, and others. Moreover, gift card segment is expected to grow, as it is commonly issued by vendors or banks for use as an alternative to cash for purchases at particular stores or related businesses.

Key Findings of the Prepaid Card Market

In 2014, the single-purpose card segment dominated the global prepaid card market in terms of revenue, and is projected to grow at a CAGR of 42.1% during the forecast period.
The general purpose reloadable card segment dominated the global prepaid card market, accounting for about 37.7% share in 2014.
The retail establishment segment is expected to exhibit the fastest growth during the forecast period.
China is the major shareholder in the Asia-Pacific prepaid card market, accounting for about 69.0% share.

The key players operating in the global prepaid card market have adopted new product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include American Express Company, Visa Inc. Mastercard Incorporated, PayPal Holdings, Inc., Kaiku Finance, LLC., The Western Union Company, Green Dot Corporation, NetSpend Holding Inc., JP Morgan Chase & Co., and AccountNow Inc.
Note: Product cover images may vary from those shown
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  • The American Express Company
  • Visa Inc.
  • Mastercard Incorporated
  • PayPal Holdings, Inc.
  • Kaiku Finance, LLC.
  • The Western Union Company
  • Green Dot Corporation
  • NetSpend Holding Inc.
  • JP Morgan Chase & Co.
  • AccountNow Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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