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Prepaid Credit & Debit Card Providers - Industry Market Research Report

  • November 2016
  • -
  • Ibisworld
  • -
  • 32 pages

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In the cards: The ongoing risk of credit card theft will continue to attract consumers to the industry



Abstract

Prepaid Credit & Debit Card Providers

The Prepaid Credit and Debit Card Providers industry has experienced strong growth over the five years to 2016. While the slow recovery following the recession hampered many other industries, the weak economy played to this industry's strength. Fewer consumers qualified for credit and bank accounts and instead opted for prepaid cards. A growing need for electronic payment forms and rising fees in traditional banking institutions made prepaid cards attractive. As a result, revenue is expected to grow significantly in the five years to 2016. In the five years to 2021, industry revenue is expected to continue its strong performance. A number of factors will support strong industry growth, including an improving economy and higher disposable income levels, which will lead to increased transaction volumes, effectively raising interchange revenue.

This industry includes companies that issue preloaded, open-loop credit and debit cards to consumers for making purchases. This industry does not include electronic benefits transfer (EBT) cards or closed-loop, store-branded gift cards.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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