Question 1

How big is the North America prepaid card industry?

Accepted Answer

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.

Question 2

Which are the key prepaid card industry players?

Accepted Answer

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.

Question 3

How big is the prepaid card market?

Accepted Answer

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.

Question 4

Why is the demand for open-loop prepaid cards increasing?

Accepted Answer

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.

Prepaid Card Market Share

Prepaid Card Market Share

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