Partnerships And Collaborations Are Gaining Popularity In The Prepaid Card Market

Prepaid Card Market Report 2021: COVID 19 Impact And Recovery To 2030

Prepaid Card Global Market Report 2021: COVID 19 Impact And Recovery To 2030

The Business Research Company’s Prepaid Card Global Market Report 2021: COVID 19 Impact and Recovery to 2030

LONDON, GREATER LONDON, UK, March 4, 2021 / — Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact:

Read More On The Global Prepaid Card Market Report:

Major players operating in the industry are undertaking various strategic initiatives such as partnerships and collaborations, which are gaining significant popularity as prepaid cards market trends. Companies are collaborating with other market players to offer prepaid cards with flexible credit limits to attract a large consumer base for a prepaid card. For instance, in November 2020, MobiKwik collaborated with American Express (Amex) card network to introduce its first virtual prepaid payments card with a flexible credit limit. With the launch of the prepaid payment card, MobiKwik becomes the first non-bank in India to issue cards.

Other major players covered in the prepaid card industry report are BBVA Compass Bancshares Inc., Green Dot Corporation, JPMorgan Chase & Co., Kaiku Finance LLC., Mango Financial Inc, NetSpend Holdings Inc, PayPal Holdings Inc, UniRush LLC, Master Card Incorporated, TSYS, Ebay, Visa Inc., The Western Union Company.

In March 2019, Prepaid Financial Services Limited, a London-based financial services company acquired a physical prepaid card portfolio of Barclaycard in the UK for an undisclosed amount. This acquisition will enable Prepaid Financial Services Limited to offer an enhanced service to existing and future Payroll and Corporate clients. Barclaycard is a UK-based financial services company that helps consumers, retailers, and businesses to make and take payments flexibly, and to access short-term credit and point of sale finance.

The global prepaid card market size is expected to grow from $12.99 billion in 2020 to $13.87 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $21.22 billion in 2025 at a CAGR of 11.2%.

The prepaid card market covered in this report is segmented by type into general-purpose reloadable card, prepaid gift card, government benefit card, payroll card, others, by card type into an open-loop prepaid card, closed-loop prepaid card, by application into retail establishments, corporate institutions, government, others.

Prepaid Card Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides prepaid card market overview, forecast prepaid card market size and growth for the whole market, prepaid card market segments, and geographies, prepaid card market trends, prepaid card market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Prepaid Card Market Report:

Here Is A List Of Similar Reports By The Business Research Company:
Cards Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Payments Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Digital Payments Global Market Report 2020-30: COVID 19 Implications and Growth

Interested to know more about The Business Research Company?
Read more about us at

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology. TBRC excels in company, market, and consumer research.

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
Visit us on social media:

Leave a Reply

Your email address will not be published.