66 reports

  • Pre-paid Card Operators Make Move Into M-payments
  • Secondary Pre-paid Card Operator Plays Catch Up With Easycard

EasyCard Corp has shaped the development of pre-paid cards to a large degree in Taiwan. The company has sought to expand its position in the daily lives of Taiwanese consumers by enabling the card to be used at retail stores such as convenience stores and supermarkets. In addition, in May 2015, merchant acceptance was expanded to small foodservice...

  • Payments
  • Pre-Paid Card
  • Taiwan
  • Trade
  • Mangmoom Pre-paid Card To Be Launched
  • Passport 13

E-wallet recorded significant growth in open-loop value transactions over the review period. Most e-wallet companies not only focused on increasing the number of store partners, but also aimed to satisfy their customers by offering new payment channels in the application, for example, top-up mobile, top-up games, top-up Easy Pass, payments...

  • Mobile Payment
  • Pre-Paid Card
  • Thailand
  • Forecast
  • Trade
  • Pre-paid Card Usage Evolves Slowly
  • Industry Players Look To Features To Entice Consumers

Financial cards recorded further growth in number of cards and retail value sales in 2017, although the economy limited consumer incomes and employment. A ban on the usage of financial cards abroad by the Central Bank of Nigeria, due to scarcity of foreign exchange, hampered financial cards. Many consumers find it beneficial to make payments...

  • Debit Card
  • Payments
  • Pre-Paid Card
  • Nigeria
  • Trade
  • Pre-paid Card Features Help To Increase Competition
  • Passport 15

Even though open loop pre-paid cards do not have a large presence within the category, they enjoy a certain level of popularity in Spain and their presence is expected to expand further. Different banks and financial entities offer the services of pre-paid cards, although their use is not promoted as much as in the case of debit cards or,...

  • Payments
  • Pre-Paid Card
  • Spain
  • Trade
  • PRE-PAID CARDS IN RUSSIA - CATEGORY ANALYSIS
  • Zolotaya Korona Zao Is the Undisputed Leader in Russian Pre-paid Cards

Despite the ongoing economic and financial crisis, which Russia started experiencing in mid-2014, financial cards and payments performed positively in Russia in 2017. This was mainly due to the fact that Russian consumers and financial institutions, including banks, adapted to the significantly worsened economic situation and its consequences. Euromonitor...

  • Payments
  • Pre-Paid Card
  • Russia
  • Trade
  • Passport 14
  • Developments in Migration Flows Steer Growth in Open Loop Pre-paid Cards

While the population of Sweden has generally been growing, the increase has not been equally spread throughout the country. According to SCB (Statistics Sweden), the combined population in the three biggest cities, Stockholm, Gothenburg and Malmö, is expected to reach 2.4 million by 2053, 37% more than it was in 2013. Big cities in Sweden...

  • Payments
  • Pre-Paid Card
  • Sweden
  • Trade
  • Passport 1
  • Success of Sonae's Universo Boosts Growth in the Number of Pre-paid Cards in Circulation

Late 2015 saw Sonae release the co-branded Universo card in partnership with MasterCard. Although it has a pre-paid function, Universo is primarily used as a credit card. To use the pre-paid function, holders must make a bank transfer (costing EUR0.90) to a specific account. The popularity of Universo bolstered growth in the total number of...

  • Payments
  • Pre-Paid Card
  • Portugal
  • Trade
  • PRE-PAID CARDS IN BRAZIL - CATEGORY ANALYSIS
  • EXECUTIVE SUMMARY

In 2017, debit card transactions posted current value growth well below the review period CAGR, with growth barely strong enough to keep up with inflation. The recessive economic cycle in Brazil had an impact across all financial cards and payments categories in 2017, either because consumers had less money to spend or because they were forced...

  • Payments
  • Pre-Paid Card
  • Brazil
  • Demand
  • Trade
  • Open loop pre-paid card transactions (issuer)
  • Passport 13

Open loop pre-paid cards performed strongly in 2014. This was largely due to increased awareness of the cards and the convenience they offer. Widely accepted by various merchants, open loop pre-paid cards benefit from frequent promotions. Campaigns like the National Parks Board’s launch of a limited edition Heritage Tree NETS FlashPay card...

  • Payments
  • Pre-Paid Card
  • Singapore
  • Demand
  • Trade
  • PROSPECTS

Financial cards continues to post healthy growth in Taiwan, driven by increased competition among issuers and the efforts of retailers and payment service providers. In addition, consumer awareness of cashless transactions continues to improve, with companies successfully encouraging new consumer payment behaviour in Taiwan. Consumers are...

  • Debit Card
  • Payments
  • Pre-Paid Card
  • Taiwan
  • Trade

Some ## municipalities also trialled cards for the purchase of one-way or pre-paid tickets, with differing levels of sophistication.

  • Payments
  • Pre-Paid Card
  • Czech Republic
  • Trade
  • PRE-PAID CARDS IN JAPAN - CATEGORY ANALYSIS
  • Open Loop Pre-paid Cards Set To Record the Strongest Retail Value Growth

Although the Japanese are fonder of paying in cash than other countries, they are becoming more positive to the shift from cash payments to card payments, which led a strong value increase in total cards transactions over the review period, while cash transactions declined. This was mainly led by promotional activity to raise the total card...

  • Payments
  • Pre-Paid Card
  • Japan
  • Trade
  • Passport 4
  • PRE-PAID CARDS IN EGYPT - CATEGORY ANALYSIS

The growth in financial cards in Egypt was mainly driven by government initiatives to improve financial inclusion in the country. The support of the IMF and its influence on the control of financial policy helped to lower the inflation that followed currency flotation at the end of 2016. The number of both pre-paid and debit cards is set to...

  • Payments
  • Pre-Paid Card
  • Egypt
  • Trade
  • PRE-PAID CARDS IN AUSTRALIA - CATEGORY ANALYSIS
  • TRENDS

Total card transactions in Australia continue to increase, with strong debit and credit card transaction growth being driven by the offering of convenience and reward promotions by issuers and operators. In the highly competitive credit and debit card segment, many commercial banks aim to differentiate themselves by offering a range of promotions...

  • Payments
  • Pre-Paid Card
  • Australia
  • Trade
  • American Express Company
  • General Purpose Reloadable Cards Are the Most Popular
  • Passport 3

Together with a young and rapidly growing urban population, the growth of internet retailing is a favourable environment for financial cards. Young consumers are quicker to adapt to new payment methods such as using financial cards and are making the switch from cash to card transactions. To tap into this strong potential market, banks and...

  • Payments
  • Pre-Paid Card
  • Vietnam
  • Trade

card to a full card system, which in this case will include open loop pre-paid cards.

  • Payments
  • Pre-Paid Card
  • Chile
  • Trade
  • PRE-PAID CARDS IN VENEZUELA - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN VENEZUELA - CATEGORY ANALYSIS

These pre-paid cards now work like a debit card for both the payee and the store because the commission for the store is the same as for a debit card.

  • Pre-Paid Card
  • Venezuela
  • Trade
  • Banco do Brasil S.A.
  • Banesco Banco Universal
  • PROSPECTS
  • CATEGORY DATA

With one of the highest smartphone penetration rates in the world, pre-paid cards offers various avenues of development across various channels though integration of mobile wallets.

  • Payments
  • Pre-Paid Card
  • United Arab Emirates
  • Trade
  • American Express Company
  • PRE-PAID CARDS IN PORTUGAL - CATEGORY ANALYSIS

The number of financial cards in circulation in Portugal increased in 2017, as did volume and current value transactions. This performance was supported by increased economic activity and consumption, improvements in financial literacy and the growing use of ATMs for functions other than withdrawals, including direct debit and transfer services,...

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

It is in the best interests of banks, card operators and the government to migrate payments from cash to cards; a faster, more convenient and transparent payment tool. It is also advantageous for retailers and consumer foodservice operators, as card-based payments can help them better track shoppers’ behaviour and increase loyalty, with the...

  • Payments
  • Pre-Paid Card
  • Hungary
  • Trade
  • SIX PAYMENT SERVICES (AUSTRIA) GMBH

Its predecessor, PayLife Bank, developed the Maestro Shopping Card de Luxe, the leading closed loop pre-paid card issued by shopping centre operator, Unibail-Rodamco SE.

  • Pre-Paid Card
  • Austria
  • Demand
  • Forecast
  • MasterCard Incorporated

Meanwhile, digital meal vouchers and already well-established gifts cards recorded solid growth in open loop pre-paid cards and closed loop pre-paid cards, respectively, in 2016 and 2017.

  • Payments
  • Pre-Paid Card
  • France
  • Trade
  • MasterCard Incorporated
  • PRE-PAID CARDS IN SINGAPORE - CATEGORY ANALYSIS

The government’s efforts to turn Singapore into a cashless society boost cards and mobile transactions growth; cashless facilities and functions are rolled out in quick succession, and the introduction of mobile wallets in 2016 was one giant step towards Singapore becoming a truly cashless society. Euromonitor International’s Financial...

  • Mobile Payment
  • Payments
  • Pre-Paid Card
  • Singapore
  • Trade
  • COMPETITIVE LANDSCAPE
  • PRE-PAID CARDS IN MEXICO - CATEGORY ANALYSIS

While pre-paid card payments in car parks are not very common, the use of pre-paid cards at tolls continues to gain traction.

  • Payments
  • Pre-Paid Card
  • Mexico
  • Trade
  • American Express Company
  • PRE-PAID CARDS IN POLAND - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN POLAND - CATEGORY ANALYSIS

Poland’s banking system is technologically advanced. There are now millions of active users of electronic and mobile banking services in the country, and such services continue to gain popularity. Moreover, Poland’s payment system and payment infrastructure are innovative and well-secured, and the county is recognised as a European leader...

  • Debit Card
  • Payments
  • Pre-Paid Card
  • Poland
  • Trade
  • COMPETITIVE LANDSCAPE
  • COMPETITIVE LANDSCAPE

A typical example of an open-loop pre-paid card in Austria in 2016 was MasterCard RED.

  • Debit Card
  • Payments
  • Pre-Paid Card
  • Austria
  • Trade
  • PRE-PAID CARDS IN THE NETHERLANDS - CATEGORY ANALYSIS
  • PRE-PAID CARDS IN THE NETHERLANDS - CATEGORY ANALYSIS

Financial payments in the Netherlands continued to be dominated by card payments as consumers favoured this method due to its ease of use, safety and convenience. This was at the expense of paying by cash, which the Dutch are dropping in favour of more convenient options. Under the Payment System Covenant, retailers and banks made an agreement...

  • Pre-Paid Card
  • Netherlands
  • Demand
  • Trade
  • MasterCard Incorporated

Poste Italiane Leads Pre-paid Cards Amongst Issuers The largest issuer of pre-paid cards remained Poste Italiane in 2016, both in terms of the number of cards in circulation and retail value share.

  • Pre-Paid Card
  • Italy
  • Forecast
  • Trade
  • Visa Europe
  • Passport 4
  • PRE-PAID CARDS IN SAUDI ARABIA - CATEGORY ANALYSIS

In 2017, low prices of crude oil continued to weaken the economic outlook in Saudi Arabia. In addition austerity measures such as reducing subsidies on fuel and utilities, Saudisation and public sector reforms negatively affected the financial sector, including the performance of financial cards. At the same time, a decision to cut payments...

  • Pre-Paid Card
  • Saudi Arabia
  • Trade
  • American Express Company
  • Visa Inc.

card to a full card system, which in this case will include open loop pre-paid cards.

  • Payments
  • Pre-Paid Card
  • Chile
  • Trade
  • Banco do Brasil S.A.