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Global Prepaid Card Market Size And Share

By Author: Shivani Singh
Total Articles: 151

Global Prepaid Card Market Overview

Global Prepaid Card Market to attain industry size of $3.5 billion by 2022. Prepaid card is an alternative kind of payment, whereas revenue are connected directly to a card without the want to be involved with a bank-account. Prepaid card will be available unlink similar cards that involve credit rating, income, bank account, etc. The prepaid cards are a alternative to traditional bank accounts, and widely used in provider stores, e-commerce, and other platforms. These forms of cards were mostly introduced to cater to the unbanked population and therefore individuals with limited usage of bank providers.

The global prepaid card market is determined by considerations this includes ease-of-access, growth of Internet users, rapid profits in the E-commerce market, and therefore requirement for cash alternatives. These factors have contributed to the established adoption of prepaid offers in corporate institutions, government authorities, finance institutions, & others. These factors would drive the market for prepaid cards globally. Lack of basic safety functions might hamper the market enhancement substantially. Growing and therefore emerging regions equivalent to Latin America, and Africa, would also present excellent opportunities for improvement for the period of the projection time period. Growing demand for the electronic payment and therefore rate of growth of unbanked & underbanked people are some of the considerable reasons for market rate of growth.

Countries such as Japan, China, and India were the leading economies with significant demand for prepaid cards, within the Asia-Pacific region during 2015-2016. India is one of the emerging industry in the Asia-Pacific prepaid card market, and anticipated to register recognized CAGR during 2016 to 2022.

Global Prepaid Card Market Segmentation

Based on Card Type, the market is segmented into and perhaps Single-Purpose. According to Vertical, the industry is segmented into Retail, Organization 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, etc. The report also includes geographical segmentation of Global Prepaid Card market.
Full report - https://kbvresearch.com/global-prepaid-card-market/

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