Market Overview:
The global prepaid credit card market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience and security among consumers, especially in developing countries. In addition, the growing trend of online shopping is also contributing to the growth of this market. The global prepaid credit card market can be segmented on the basis of type into single-purpose prepaid cards and multi-purpose prepaid cards. The single-purpose prepaid cards segment is expected to account for a larger share of the global market than the multi-purpose prepaid cards segment during the forecast period. This can be attributed to their simplicity and ease of use compared with multi-purpose prepaid cards.
Product Definition:
Prepaid Credit Card is a plastic card that allows you to spend money which has already been paid for. The Prepaid Credit Card issuer assigns a limit to the amount of money that can be spent using the card. This type of plastic payment card lets users avoid overspending and gives them more financial control because they cannot spend more than what they have deposited on the card.
Single-purpose Prepaid Card:
Single-purpose Prepaid Card, also known as Pay-one-use card or one-time use card is a type of pre paid debit/credit card. The major difference between this and a regular credit/debit cards is that this does not have an account number linked with it. This allows the user to make purchases without having to know the actual bank account details of the buyer.
Multi-purpose Prepaid Card:
Multi-purpose Prepaid Card is a plastic card that can be used for various purposes. It has a unique 16 digit card number and can be used to make secure online purchases as well as in-store purchases. The major use of this card is to pay the bills, which includes utility & telecom services, mobile recharge, and others. This multi-purpose feature of the cards helps in increasing its usage among consumers which results into higher demand for such kind of cards from time to time.
Application Insights:
The retail establishments segment accounted for the largest share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of online shopping and shift towards cashless payments by consumers. Retailers benefit as they get paid before customers spend a penny at retailers' stores, thereby generating high revenue for both parties involved in transaction (retailer & payment service provider). Increasing use of these cards at brick-and-mortar stores has led to higher penetration across countries such as Brazil, India, Mexico and China where there are huge potential markets waiting to be tapped by market players.
The corporate institutions segment is expected register significant growth over the forecast period owing to growing adoption of these cards by companies operating in various industries such as IT & telecom, BFSI etc., These Prepaid Cards offer benefits including cashless transactions facility at kiosks/ATMs operated bycorporate institutions or their partners (if any).
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of corporate and institutional customers along with government organizations. Furthermore, increasing adoption rate for online payment solutions is also expected to drive regional growth over the forecast period. Asia Pacific is expected to witness significant growth during the forecast period owing to increasing demand for convenient payment options from consumers as well as corporate users in emerging economies such as India and China.
The European market was valued at USD X billion in 2017 and is anticipated to register considerable growth over the next eight years owing to increased spending by individuals on travel-related expenses along with their daily commute journeys across various cities within Europe including London, Paris, Rome etc., which would lead them towards carrying more than one Prepaid Card or Multi-purpose Prepaid Card (MPP card).
Growth Factors:
- Increasing urbanization and disposable income: The global prepaid credit card market is expected to grow at a CAGR of over 15% during the forecast period. This can be attributed to the increasing urbanization and disposable income across the globe.
- Proliferation of digital payments: The growth of digital payments is another key factor driving the growth of prepaid credit cards market. With more people moving towards cashless transactions, there is a greater demand for prepaid credit cards as they offer ease-of-use and security against fraudulent activities.
- Government initiatives for financial inclusion: Governments around the world are taking various initiatives to promote financial inclusion, which is aiding in the growth of prepaid credit card market. For instance, in India, under Pradhan Mantri Jan Dhan Yojana (PMJDY), all citizens are provided with bank accounts with zero balance facility along with free RuPay debit cards that can be used for making online/offline payments at merchant outlets or withdraw cash from ATMs/banks counters as per their convenience .
Scope Of The Report
Report Attributes
Report Details
Report Title
Prepaid Credit Card Market Research Report
By Type
Single-purpose Prepaid Card, Multi-purpose Prepaid Card
By Application
Retail Establishments, Corporate Institutions, Government, Financial Institutions, Others
By Companies
Green Dot Corporation, NetSpend Holdings, Inc, H&R Block Inc, American Express Company, JPMorgan Chase & Co, PayPal Holdings, Inc, BBVA Group, Mango Financial, Entropay, Kaiku Finance LLC, Neteller, Payoneer, Kroger
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Prepaid Credit Card Market Report Segments:
The global Prepaid Credit Card market is segmented on the basis of:
Types
Single-purpose Prepaid Card, Multi-purpose Prepaid Card
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 Establishments, Corporate Institutions, Government, Financial Institutions, Others
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:
- Green Dot Corporation
- NetSpend Holdings, Inc
- H&R Block Inc
- American Express Company
- JPMorgan Chase & Co
- PayPal Holdings, Inc
- BBVA Group
- Mango Financial
- Entropay
- Kaiku Finance LLC
- Neteller
- Payoneer
- Kroger
Highlights of The Prepaid Credit Card 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:
- Single-purpose Prepaid Card
- Multi-purpose Prepaid Card
- By Application:
- Retail Establishments
- Corporate Institutions
- Government
- Financial Institutions
- Others
- 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 Credit Card 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.
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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?
A prepaid credit card is a type of credit card that allows consumers to load funds onto the card in advance and use them at a later time. The cards are typically sold in denominations of $50, $100, or $200 and can be used like any other debit or credit card.
Some of the key players operating in the prepaid credit card market are Green Dot Corporation, NetSpend Holdings, Inc, H&R Block Inc, American Express Company, JPMorgan Chase & Co, PayPal Holdings, Inc, BBVA Group, Mango Financial, Entropay, Kaiku Finance LLC, Neteller, Payoneer, Kroger.
The prepaid credit card market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Prepaid Credit Card Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Prepaid Credit Card Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Prepaid Credit Card Market - Supply Chain
4.5. Global Prepaid Credit Card Market Forecast
4.5.1. Prepaid Credit Card Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Prepaid Credit Card Market Size (000 Units) and Y-o-Y Growth
4.5.3. Prepaid Credit Card Market Absolute $ Opportunity
5. Global Prepaid Credit Card Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Prepaid Credit Card Market Size and Volume Forecast by Type
5.3.1. Single-purpose Prepaid Card
5.3.2. Multi-purpose Prepaid Card
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Prepaid Credit Card Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Prepaid Credit Card Market Size and Volume Forecast by Application
6.3.1. Retail Establishments
6.3.2. Corporate Institutions
6.3.3. Government
6.3.4. Financial Institutions
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Prepaid Credit Card Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Prepaid Credit Card Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Prepaid Credit Card Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Prepaid Credit Card Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Prepaid Credit Card Demand Share Forecast, 2019-2026
9. North America Prepaid Credit Card Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Prepaid Credit Card Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Prepaid Credit Card Market Size and Volume Forecast by Application
9.4.1. Retail Establishments
9.4.2. Corporate Institutions
9.4.3. Government
9.4.4. Financial Institutions
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Prepaid Credit Card Market Size and Volume Forecast by Type
9.7.1. Single-purpose Prepaid Card
9.7.2. Multi-purpose Prepaid Card
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Prepaid Credit Card Demand Share Forecast, 2019-2026
10. Latin America Prepaid Credit Card Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Prepaid Credit Card Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Prepaid Credit Card Market Size and Volume Forecast by Application
10.4.1. Retail Establishments
10.4.2. Corporate Institutions
10.4.3. Government
10.4.4. Financial Institutions
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Prepaid Credit Card Market Size and Volume Forecast by Type
10.7.1. Single-purpose Prepaid Card
10.7.2. Multi-purpose Prepaid Card
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Prepaid Credit Card Demand Share Forecast, 2019-2026
11. Europe Prepaid Credit Card Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Prepaid Credit Card Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Prepaid Credit Card Market Size and Volume Forecast by Application
11.4.1. Retail Establishments
11.4.2. Corporate Institutions
11.4.3. Government
11.4.4. Financial Institutions
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Prepaid Credit Card Market Size and Volume Forecast by Type
11.7.1. Single-purpose Prepaid Card
11.7.2. Multi-purpose Prepaid Card
11.8. Basis Point Share (BPS)Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Prepaid Credit Card Demand Share, 2019-2026
12. Asia Pacific Prepaid Credit Card Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Prepaid Credit Card Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Prepaid Credit Card Market Size and Volume Forecast by Application
12.4.1. Retail Establishments
12.4.2. Corporate Institutions
12.4.3. Government
12.4.4. Financial Institutions
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Prepaid Credit Card Market Size and Volume Forecast by Type
12.7.1. Single-purpose Prepaid Card
12.7.2. Multi-purpose Prepaid Card
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Prepaid Credit Card Demand Share, 2019-2026
13. Middle East & Africa Prepaid Credit Card Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Prepaid Credit Card Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Prepaid Credit Card Market Size and Volume Forecast by Application
13.4.1. Retail Establishments
13.4.2. Corporate Institutions
13.4.3. Government
13.4.4. Financial Institutions
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Prepaid Credit Card Market Size and Volume Forecast by Type
13.7.1. Single-purpose Prepaid Card
13.7.2. Multi-purpose Prepaid Card
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Prepaid Credit Card Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Prepaid Credit Card Market: Market Share Analysis
14.2. Prepaid Credit Card Distributors and Customers
14.3. Prepaid Credit Card Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Green Dot Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NetSpend Holdings, Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. H&R Block Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. American Express Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JPMorgan Chase & Co
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PayPal Holdings, Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BBVA Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mango Financial
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Entropay
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kaiku Finance LLC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Neteller
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Payoneer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kroger
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
