Prepaid Card Industry Outlook to 2027 - Closed Loop Prepaid Cards Led the Market in Terms of Revenue in 2019
Moreover, rise in demand for cash alternatives and availability of affordable and energy-efficient prepaid cards drive the growth of the prepaid card market.
- Moreover, rise in demand for cash alternatives and availability of affordable and energy-efficient prepaid cards drive the growth of the prepaid card market.
- Increase in adoption of multi-purpose prepaid card by travelers, retailers, and students drives the growth of the prepaid card market in this segment.
- By card type, the closed loop prepaid card segment led the market, in terms of revenue in 2019.
- By usage, the general-purpose reloadable card segment accounted for the highest prepaid card market share in 2019.