Packaged Facts: How the Coronavirus Pandemic Impacts U.S. Prepaid Card Industry
Retrieved on:
Thursday, July 23, 2020
However, prepaid purchase volume declines will hit certain industry participants differently, reports market research firm Packaged Facts in the recent study Prepaid Cards in the U.S., 7th Edition .
Key Points:
- However, prepaid purchase volume declines will hit certain industry participants differently, reports market research firm Packaged Facts in the recent study Prepaid Cards in the U.S., 7th Edition .
- The same will likely hold true of younger and more upwardly mobile, digitally inclined prepaid card users, who make up another slice of the prepaid card use space.
- The pandemic also places significant roadblocks in the way of general-purpose reloadable prepaid card users' cash preferences.
- While many key prepaid card locations have generally remained open, physical store prepaid card sales have nevertheless taken a hit.