Global Prepaid Card Market Size and Share

Posted by Shivani Singh on April 20th, 2018

Global Prepaid Card Market Overview 

Global Prepaid Card Market to attain a market size of .5 billion by 2022. Prepaid card is a substitute kind of payment, where funds are hooked up completely on a card is required to be relating to a bank account. Prepaid cards are easily available unlink further cards that involve credit rating, income, bank account, etc. The prepaid cards are a replacement to traditional bank merchant accounts, and are well-known in provider retail stores, e-commerce, and other platforms. These methods of cards were mostly presented with cater to the unbanked population and perhaps individuals with limited access to bank providers.

The global prepaid card market is driven by features to include ease-of-access, growth of Internet users, rapid growing in the E-commerce marketing, in addition to requirement for cash alternatives. These factors have contributed to the widespread adoption of prepaid cards in corporate establishments, government bodies, financial Institutions, & others. These factors would drive the market for prepaid cards globally. Lack of security includes might hamper the market rate of growth significantly. Establishing and additionally growing regions such as Latin America, and Africa, would also present excellent opportunities for progress during the estimate time period. Developing require electronic transaction and then rate of growth of unbanked & underbanked people are some of the major reasons for industry growth. Countries such as Japan, China, and India were the leading economies with considerable demand for prepaid cards, within the Asia-Pacific region during 2015-2016. India is one of the emerging markets in the Asia-Pacific prepaid card market, and anticipated to register recognized CAGR during 2016 to 2022.

Global Prepaid Card Market Segmentation

Based upon Card Type, the market is segmented into and Single-Purpose. According to Vertical, the market is segmented into Retail, Corporate and business Institutions, Government, and Financial Institutions & Others. Based on Usage, the market is segmented into General Purpose Reload able Cards, Gift Card, Government Benefits/Disbursement Card, Incentive/ Payroll Card, and Others. The insider report usually includes geographical segmentation of Global Prepaid Card market.

Full report - https://kbvresearch.com/global-prepaid-card-market/