Mercator Advisory Group Releases Updated Payments Industry Research on the Effects of COVID-19 as well as GPR Prepaid Card Usage
Highlights of the report, 2021 North American PaymentsInsights: U.S. COVID-19 Update and GPR Prepaid Cards Update:
BOSTON, Jan. 19, 2022 /PRNewswire-PRWeb/ -- Mercator Advisory Group's most recent report, 2021 North American PaymentsInsights: U.S. COVID-19 Update and GPR Prepaid Cards Update, summarizes the effects of COVID-19 on the payments industry: how the market reacted to the pandemic, what impact it had on the payments industry, and its effect on credit card payments. In addition to providing insights into the state of the payments industry during the pandemic, the report also showcases data on general-purpose reloadable (GPR) cards: what consumers think about prepaid cards and which incentives make consumers more inclined towards certain types of these cards.
The report is based on the North American PaymentsInsights survey administered between August 27 and September 14, 2021, across a representative sample of 3000 consumers ages 18 years or older in the U.S. and 1000 consumers ages 18 years or older in Canada.
"Through the survey data, we have seen some interesting influences of COVID on the increased consumer use of online and mobile banking in comparison to the use of ATMs," stated Pragya Khanal, an analyst working on the report.
Highlights of the report, 2021 North American PaymentsInsights: U.S. COVID-19 Update and GPR Prepaid Cards Update:
COVID-19 Update
- Pandemic effects on U.S. households
- Changes in consumers' use of payment methods
- COVID effects on credit card payments
General-Purpose Reloadable Cards
- Consumers view on certain GPR cards
- Leading channels for general-purpose reloadable cards
- What causes consumers to stop using general-purpose reloadable cards?
This report in slide form is 32 pages long.
Members of Mercator Advisory Group's North American PaymentsInsights Primary Research Practice Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
Media Contact
Karen Yetter, Mercator Advisory Group, 781-419-1700, [email protected]
SOURCE Mercator Advisory Group
