71 reports

  • Pre-paid Card Offerings Expand in Keeping With the Digital Push
  • Gift and Transportation Cards Drive Pre-paid Card Transactions

Financial card transactions posted healthy growth over the last couple of years, following the government’s demonetisation initiative in November 2016, supported by the ongoing financial inclusion drive. New bank accounts were opened under the Jan Dhan Yojana initiative in semi-urban and rural areas, new debit cards were issued to account...

  • Payments
  • Pre-Paid Card
  • India
  • Trade
  • American Express Company
  • Rejsekort Remains the Leading Type of Pre-paid Card
  • Passport 4

Financial cards and payments saw healthy growth in current value terms in 2018, with further growth anticipated over the forecast period. The main reason behind this strong performance is robust economic growth, which is supporting the low unemployment rate, rising disposable household incomes and an improved financial climate for business....

  • Mobile Payment
  • Payments
  • Pre-Paid Card
  • Denmark
  • Trade
  • Open Loop Pre-paid Card Companies Target Two Main Groups
  • Virtual Wallets Will Replace Plastic Pre-paid Cards

The working population in Mexico, which stands at approximately 50 million people, represents the primary potential market for companies that offer open loop pre-paid cards. Most Mexican workers are employed by small and medium-sized businesses known as PYMES, and a significant number of these individuals still need to be provided with employee...

  • Payments
  • Pre-Paid Card
  • Mexico
  • Trade
  • Pre-paid Card Features Help To Increase the Competition
  • Different Strategies From Issuers To Make Pre-paid Cards More Attractive

Although banks and financial institutions offer pre-paid cards, they are not particularly popular. Different banks and financial entities offer pre-paid cards, although their use is not promoted as much as debit cards or credit cards. Closed loop pre-paid cards have traditionally been marketed around their key benefit of “safety” – since consumers...

  • Payments
  • Pre-Paid Card
  • Spain
  • Trade
  • Passport 14
  • Passport 1

Countries with high mobile penetration such as the Philippines have great potential to ease access to financial services through mobile money. The mobile network is also readily available in almost all areas, thus reaching out to rural areas will also be made possible through mobile devices. Establishing a mobile network is easier than constructing...

  • Payments
  • Pre-Paid Card
  • Philippines
  • Trade
  • Rising Competition Makes the Environment Tougher for Card Issuers
  • the Largest Player, Easycard, Continues To Expand Usage

The four leading brands – EasyCard, Icash, I-PASS and HappyCash – account for the lion’s share of pre-paid cards in volume terms in Taiwan. The functions of these cards are increasingly overlapping. All can now be used on public transport, as well as to make micropayments. In general, these brands have established a strong role within people’s...

  • Payments
  • Pre-Paid Card
  • Taiwan
  • Trade
  • HEADLINES
  • Passport 14

The combination of Indonesia’s population behaviour, road condition, and government regulation contributed to the healthy growth of pre-paid cards in 2018. In line with its focus on shifting the nation towards a cashless society, government mandates for the use of electronic money for toll road payments in late 2017 scored pre-paid cards very...

  • Payments
  • Pre-Paid Card
  • Indonesia
  • Trade
  • Passport 13

Pre-paid cards were originally widely used for pre-paid mobile SIM card top-ups, for transportation systems, and for shops. With e-payments strongly growing alongside financial technology in Thailand, the e-wallet is becoming a more convenient payment method and is spreading its use to mobile applications. Therefore, pre-paid cards are now...

  • Payments
  • Pre-Paid Card
  • Thailand
  • Trade
  • Passport 13
  • Proliferation of Public Transportation Cards

The establishment and proliferation of KEA (Social Solidarity Income) has been a game-changer for open loop pre-paid cards, massively expanding the cardholder base. The issuance of pre-paid welfare cards for KEA’s beneficiaries, following government legislation introduced in 2015 and having expanded to include more and more people in subsequent...

  • Payments
  • Pre-Paid Card
  • Greece
  • Trade
  • PRE-PAID CARDS IN THE US - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN THE US - CATEGORY ANALYSIS

In 2018, US consumers continued their shift towards debit cards. The ease of use of financial cards and an increasing tendency among merchants to offer cashless forms of payment has favoured the use of cards over cash for small purchases, resulting in an overall decrease in spend by card for the whole area. Meanwhile, credit cards, which have...

  • Payments
  • Pre-Paid Card
  • United States
  • Trade
  • American Express Company
  • Passport 14
  • Japan Post Bank's Reputation Provides Strong Platform for Development

Pre-paid cards is expected to perform well over the forecast period. While credit cards are expanding on the back of their use for e-commerce purchases and relatively large transactions, pre-paid cards are used largely for small-scale, everyday spending. Consumers appreciate the sense of security and convenience provided by pre-paid cards....

  • Payments
  • Pre-Paid Card
  • Japan
  • Demand
  • Trade
  • PRE-PAID CARDS IN MEXICO - CATEGORY ANALYSIS
  • LIST OF CONTENTS AND TABLES

The consumer confidence index was shaky at the start of 2018, as concerns mounted around how the upcoming presidential elections would affect the Mexican economy. However, the positive results of the election helped to stabilise the economy and give more confidence to consumers, who resumed plans that were postponed or cancelled before the...

  • Debit Card
  • Payments
  • Pre-Paid Card
  • Mexico
  • Trade
  • PRE-PAID CARDS IN CHINA - CATEGORY ANALYSIS
  • Pre-paid Cards Sees Sluggish Growth Due To Security Concerns

Card payments recorded strong growth in transaction value in current terms in 2018, thanks to resilient domestic demand and the healthy economic outlook. Credit cards led the overall growth of financial cards in both volume and value terms, due to promotions and financial literacy efforts regarding credit cards by commercial banks. Due to...

  • Payments
  • Pre-Paid Card
  • China
  • Trade
  • PRE-PAID CARDS IN BRAZIL - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN BRAZIL - CATEGORY ANALYSIS

Brazil’s economy faced its worst recession in decades in the later part of the review period, marked by the deterioration of the labour market. High levels of unemployment have made consumers more cautious about making large purchases or taking on debt. In this scenario, even consumers who have not lost their jobs have started to plan their...

  • Payments
  • Pre-Paid Card
  • Brazil
  • Demand
  • Trade
  • PRE-PAID CARDS IN SINGAPORE - CATEGORY ANALYSIS
  • COMPETITIVE LANDSCAPE

Financial cards in circulation recorded stable volume growth in Singapore in 2018. This volume growth can be attributed to the fact that with Singapore’s drive towards a cashless society, an increasing number of merchants, including hawker centres and foodservice outlets, are accepting card payments, resulting in a higher number of consumers...

  • Payments
  • Pre-Paid Card
  • Singapore
  • Demand
  • Trade
  • PRE-PAID CARDS IN INDONESIA - CATEGORY ANALYSIS
  • PROSPECTS

The percentage of pre-paid card payments is still relatively small but shows no signs of slowing down.

  • Payments
  • Pre-Paid Card
  • Indonesia
  • Trade
  • PRE-PAID CARDS IN MALAYSIA - CATEGORY ANALYSIS
  • COMPETITIVE LANDSCAPE

Credit card transactions continue to dominate card payment transactions, despite seeing slow growth. Meanwhile, debit card usage is recording a significant rise in transactions and is predicted to remain popular. Plastic cards will remain in play despite the increasing popularity of digital payment and Malaysia’s bid to create a cashless society....

  • Payments
  • Pre-Paid Card
  • Malaysia
  • Demand
  • Trade
  • PRE-PAID CARDS IN SPAIN - CATEGORY ANALYSIS
  • COMPETITIVE LANDSCAPE

Open Loop Pre-paid Cards Remains A Niche PROSPECTS Pre-paid Cards Are Considered Safe HEADLINES COMPETITIVE LANDSCAPE Passport ## Pre-paid Card Features Help To Increase the Competition Transportation Pre-paid Cards Is

  • Pre-Paid Card
  • Spain
  • Trade
  • American Express Company
  • MasterCard Incorporated
  • PRE-PAID CARDS IN AUSTRIA - CATEGORY ANALYSIS
  • COMPETITIVE LANDSCAPE

All closed loop pre-paid cards in Austria will likely continue to be merchant issued gift cards, with pre-paid transportation and parking and toll cards remaining absent.

  • Payments
  • Pre-Paid Card
  • Austria
  • Trade
  • MasterCard Incorporated
  • PRE-PAID CARDS IN COLOMBIA - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN COLOMBIA - CATEGORY ANALYSIS

Financial cards are part of the daily life of Colombian consumers, being used for all manner of daily activities. While usage is now saturated in some areas, such cards play a major role when it comes to acquiring a vast range of different products and services. Indeed, financial cards are now seen as a necessity for many Colombian consumers,...

  • Payments
  • Pre-Paid Card
  • Colombia
  • Trade
  • Banco do Brasil S.A.
  • PRE-PAID CARDS IN ISRAEL - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN ISRAEL - CATEGORY ANALYSIS

This is an open loop pre-paid card that does not require consumers to have a bank account.

  • Pre-Paid Card
  • Israel
  • Trade
  • Bank Leumi
  • Isracard Ltd.
  • Passport 4
  • General Purpose Reloadable Cards Dominate Open Loop Pre-paid Cards

In 2018, Vietnam remained largely a cash society. Many people living in urban areas are still in the habit of using cash, especially for low-value daily transactions such as buying meals, topping up fuel and parking. In many rural areas, there are virtually no retailers that can accept cards. It is common for Vietnamese people to carry a large...

  • Debit Card
  • Payments
  • Pre-Paid Card
  • Vietnam
  • Trade
  • PRE-PAID CARDS IN JAPAN - CATEGORY ANALYSIS
  • HEADLINES

While cash remains the largest and most common payment method in Japan, consumers are becoming increasingly positive about switching from cash to cards. As a result, card transactions witnessed a significant increase in value over the review period, while the value of cash transactions declined. The growth in card transactions is being driven...

  • Payments
  • Pre-Paid Card
  • Japan
  • Demand
  • Trade
  • COMPETITIVE LANDSCAPE
  • PRE-PAID CARDS IN ITALY - CATEGORY ANALYSIS

TIM Pay is a pre-paid card (virtual or physical card) which allows users to manage money and payments through their smartphone and pay in stores through their smartphone or Apple Watch thanks to the support of Apple Pay.

  • Payments
  • Pre-Paid Card
  • Italy
  • Trade
  • PRE-PAID CARDS IN CANADA - CATEGORY ANALYSIS

Traditionally, pre-paid cards were largely closed loop pre-paid gift cards issued to build consumer loyalty.

  • Payments
  • Pre-Paid Card
  • Canada
  • Trade
  • American Express Company
  • PRE-PAID CARDS IN SAUDI ARABIA - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN SAUDI ARABIA - CATEGORY ANALYSIS

Other Types of Pre-paid Cards Pre-paid card transaction value registers growth of ##% in current terms in 2018, to reach SAR##. ## billion The number of cards in circulation records ##% growth in 2018, to reach ##. ## million Open loop pre-paid

  • Debit Card
  • Payments
  • Pre-Paid Card
  • Saudi Arabia
  • Trade
  • PRE-PAID CARDS IN HUNGARY - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN HUNGARY - CATEGORY ANALYSIS

Debit cards, the largest category in terms of total value, registered a marginal decline in cards in circulation in 2018, although the cards are used even more frequently thus generating another record in terms of transactions and value. This is mostly attributable to the further prevalence of contactless payments. Banks are replacing older...

  • Pre-Paid Card
  • Hungary
  • Trade
  • American Express Company
  • MasterCard Incorporated
  • PRE-PAID CARDS IN SOUTH AFRICA - CATEGORY ANALYSIS
  • HEADLINES

Positive growth continued to be seen in most financial cards and payments categories in 2018 as the drive towards financial inclusion and the strong demand for credit continued to expand the industry’s consumer base. Debit cards is still the main category, with the number of cards in circulation still rising due to the increasing payment of...

  • Pre-Paid Card
  • South Africa
  • Trade
  • MasterCard Incorporated
  • The Standard Bank of South Africa Limited
  • HEADLINES

All the major banks also offer pre-paid cards in their portfolios, such as Alpha Bank' s Prepaid Mastercard, Eurobank' s Prepaid Visa and e-prepaid Visa (virtual card), while a smaller bank, Attica Bank, was the first to offer a pre-paid

  • Debit Card
  • Pre-Paid Card
  • Greece
  • Trade
  • Piraeus Bank Group
  • PRE-PAID CARDS IN NORWAY - CATEGORY ANALYSIS

Even to play the national lottery one needs a Norsk Tipping closed loop pre-paid card.

  • Payments
  • Pre-Paid Card
  • Norway
  • Trade