Market Overview:
The global prepaid and gift cards market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for convenience and flexibility in payments, rising trend of online shopping, and growing adoption of gift cards by corporates for employee recognition programs. The global prepaid and gift cards market is segmented on the basis of type into open loop and closed loop cards. The open loop card segment is expected to account for the majority share of the global prepaid and gift cards market in 2018. This can be attributed to the increasing demand for reloadable prepaid debit cards across developed as well as developing countries. Closed loop card segment includes store-specific or merchant-specific gift cards that can only be used at specific stores or merchants affiliated with them. On the basis of application, retail sector accounted for majority share of global prepaid and gift card market in 2017 owing to increase in online shopping coupled with growing trend among consumers towards using preloaded value stored on these Gift Cards rather than cash while making small purchases.
Product Definition:
Prepaid cards are plastic cards that are preloaded with funds. They can be used as debit or credit cards and often have a variety of features, such as loyalty programs. Gift cards are prepaid plastic or digital gift certificates that can be used to purchase goods and services at participating retailers.
Open Loop:
Open loop is a system where the retailers set the price and terms of sale for their products without any interference from banks. The retailers can set their own prices and conditions, which are more likely to attract consumers. In an open-loop system, there is no third-party involvement; hence it's called an open or free loop system.
Closed Loop:
Closed-loop or self-issue cards are a type of payment card that is issued to an individual consumer and has a unique 16 digit number. The card can be used for purchases only in the establishment that issued the card. These cards have several benefits over conventional open loop or general purpose credit cards, which include limiting access to personal information, reducing counterfeit issues and improving customer service when it comes to returns and exchanges.
Application Insights:
The retail segment accounted for the largest share of more than 60.0% in 2017. The growing e-commerce industry has led to an increased demand for gift cards that can be used online. Furthermore, increasing penetration of smartphones and availability of mobile payment options are further likely to propel the growth of this application segment over the forecast period.
Corporate institutions are expected to emerge as a lucrative market with a significant CAGR over the forecast period owing to various benefits offered such as cashless transactions facility, easy access from anywhere in world through internet or phone coupled with low transaction costs is anticipated to drive its adoption rate significantly over next seven years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to high demand for gift cards and growing popularity of electronic money. Furthermore, presence of a large number of market participants in this region including VISA, MasterCard and American Express is also contributing towards growth. In addition, increasing adoption of online shopping has been driving regional growth as consumers prefer convenient payment options over physical stores’ doorstep.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to rising disposable income especially among millennials and emerging middle-class population groups in developing economies such as India and China along with other South East Asian countries.
Growth Factors:
- Increasing urbanization and disposable income: The global prepaid and gift cards market is expected to grow at a CAGR of 9.5% from 2016 to 2021. This growth can be attributed to the increasing urbanization and disposable income across the globe.
- Proliferation of smart devices: The proliferation of smart devices, such as smartphones and tablets, is also contributing to the growth of the prepaid and gift cards market as these devices are being used more for transactions than traditional methods such as cash or cheques.
- Rise in e-commerce: The rise in e-commerce is another major factor driving the growth of the prepaid and gift cards market, as this mode of shopping offers ease, convenience, and a variety of payment options to consumers.
- Government initiatives for financial inclusion: Governments around the world are taking various initiatives for financial inclusion, which is aiding in the growth ofthe prepaidandgiftcardsmarketasmoreandmorepeopleareusingprepaidcardsforfinancialtransactionsinsteadofcashorcheques .
Scope Of The Report
Report Attributes
Report Details
Report Title
Prepaid and Gift Cards Market Research Report
By Type
Open Loop, Closed Loop
By Application
Retail, Corporate Institutions
By Companies
First Data Corporation, Qwikcilver Solutions, National Gift Card, Blackhawk Network Holdings, Plastek Card Solutions, Duracard, DOCUMAX, Vantiv, TenderCard, TransGate Solutions, First Data Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Prepaid and Gift Cards Market Report Segments:
The global Prepaid and Gift Cards market is segmented on the basis of:
Types
Open Loop, Closed Loop
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Corporate Institutions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- First Data Corporation
- Qwikcilver Solutions
- National Gift Card
- Blackhawk Network Holdings
- Plastek Card Solutions
- Duracard
- DOCUMAX
- Vantiv
- TenderCard
- TransGate Solutions
- First Data Corporation
Highlights of The Prepaid and Gift Cards Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open Loop
- Closed Loop
- By Application:
- Retail
- Corporate Institutions
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Prepaid and Gift Cards Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Prepaid and gift cards are two different types of cards that can be used to purchase items in a store. Prepaid cards allow the cardholder to load money onto the card before using it, while gift cards are given as a present and don't require any money to be loaded onto them.
Some of the major players in the prepaid and gift cards market are First Data Corporation, Qwikcilver Solutions, National Gift Card, Blackhawk Network Holdings, Plastek Card Solutions, Duracard, DOCUMAX, Vantiv, TenderCard, TransGate Solutions, First Data Corporation.
The prepaid and gift cards market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Prepaid and Gift Cards Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Prepaid and Gift Cards Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Prepaid and Gift Cards Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Prepaid and Gift Cards Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Prepaid and Gift Cards Market Size & Forecast, 2018-2028
4.5.1 Prepaid and Gift Cards Market Size and Y-o-Y Growth
4.5.2 Prepaid and Gift Cards Market Absolute $ Opportunity
Chapter 5 Global Prepaid and Gift Cards Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Prepaid and Gift Cards Market Size Forecast by Type
5.2.1 Open Loop
5.2.2 Closed Loop
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Prepaid and Gift Cards Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Prepaid and Gift Cards Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Corporate Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Prepaid and Gift Cards Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Prepaid and Gift Cards Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Prepaid and Gift Cards Analysis and Forecast
9.1 Introduction
9.2 North America Prepaid and Gift Cards Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Prepaid and Gift Cards Market Size Forecast by Type
9.6.1 Open Loop
9.6.2 Closed Loop
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Prepaid and Gift Cards Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Corporate Institutions
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Prepaid and Gift Cards Analysis and Forecast
10.1 Introduction
10.2 Europe Prepaid and Gift Cards Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Prepaid and Gift Cards Market Size Forecast by Type
10.6.1 Open Loop
10.6.2 Closed Loop
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Prepaid and Gift Cards Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Corporate Institutions
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Prepaid and Gift Cards Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Prepaid and Gift Cards Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Prepaid and Gift Cards Market Size Forecast by Type
11.6.1 Open Loop
11.6.2 Closed Loop
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Prepaid and Gift Cards Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Corporate Institutions
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Prepaid and Gift Cards Analysis and Forecast
12.1 Introduction
12.2 Latin America Prepaid and Gift Cards Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Prepaid and Gift Cards Market Size Forecast by Type
12.6.1 Open Loop
12.6.2 Closed Loop
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Prepaid and Gift Cards Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Corporate Institutions
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Prepaid and Gift Cards Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Prepaid and Gift Cards Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Prepaid and Gift Cards Market Size Forecast by Type
13.6.1 Open Loop
13.6.2 Closed Loop
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Prepaid and Gift Cards Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Corporate Institutions
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Prepaid and Gift Cards Market: Competitive Dashboard
14.2 Global Prepaid and Gift Cards Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 First Data Corporation
14.3.2 Qwikcilver Solutions
14.3.3 National Gift Card
14.3.4 Blackhawk Network Holdings
14.3.5 Plastek Card Solutions
14.3.6 Duracard
14.3.7 DOCUMAX
14.3.8 Vantiv
14.3.9 TenderCard
14.3.10 TransGate Solutions
14.3.11 First Data Corporation
