Major companies operating in the prepaid card market include :
American Express Company
BREADFX Euro Prepaid MasterCard
ecoCard
FairFX Anywhere Card
Green Dot Corporation
JPMorgan Chase & Co.
Kaiku Finance
Mastercard
Payoneer Prepaid MasterCard
PayPal Holdings Inc.
Thomas Cook Cash Passport,
Travel Money Card Plus
UniRush
LLC and Visa.
Authors:
Preeti Wadhwani
Frequently Asked Questions (FAQ) :
The market size of prepaid card reached USD 1.8 trillion in 2022 and is estimated to observe over 15.5% CAGR from 2023 to 2032, driven by the rising consumer interest in cashless transactions.
The open loop type segment recorded over 38% of the market share in 2022, owing to the growing need for convenience and accessibility amongst consumers.
North America accounted for over 60% of market share in 2022, due to the rise in the number of frequent travelers in search of cashless convenience.
American Express Company, BREADFX Euro Prepaid MasterCard, ecoCard, FairFX Anywhere Card, Green Dot Corporation, JPMorgan Chase & Co., Mastercard, Payoneer Prepaid MasterCard, PayPal Holdings Inc., and Thomas Cook Cash Passport are some major prepaid card providers.