Rapidly Expanding International Prepaid Market Creates New Opportunities
Friday, September 10, 2021
New Mercator Advisory Group report explores opportunities and trajectories within the global prepaid market as e-commerce and demand for alternatives to cash rises.
BOSTON, Sept. 7, 2021 /PRNewswire-PRWeb/ -- Mercator Advisory Group's most recent report, International Prepaid Market Developments and Growth Trends, reveals some of the most important trends within the global prepaid market.
The international prepaid market is booming, but it is not expanding at the same rate everywhere. In emerging markets in Latin America and Asia, where consumers have more limited access to other forms of cashless payments, prepaid cards serve an important role in daily life. As e-commerce and demand for non-cash payment types rises in these regions, prepaid cards are experiencing profound growth.
On the other hand, in regions where prepaid markets are well established--namely Europe and North America--legislators are cracking down on fraud associated with prepaid cards. New regulations may threaten the growth of prepaid card markets in these regions.
Across all regions, prepaid card markets have found new use cases in recent times and there is a great deal more growth to be had within the market.
"The prepaid market is witnessing sustained and significant growth throughout the world, with an average estimated CAGR of 13% through the year 2023. As e-commerce spreads globally and demand grows for cashless payment methods, prepaid cards stand to benefit. Government initiatives in support of transitions to cashless payments are numerous," states Laura Handly, analyst at Mercator Advisory Group, and the author of the report.
Highlights of this report include:
-- A review of trends within the global prepaid market
-- An examination of trends within the prepaid market by region
-- An exploration of innovative global use cases for prepaid
-- Predictions for the future of the prepaid market
-- Recommendations for issuers of prepaid cards
This report is 15 pages long and contains five exhibits.
Companies mentioned in this report include:
American Express, Coinbase, Crypto.com, GiveDirectly, Global Payments/TSYS, Green Dot Corporation, HSBC Holdings, JP Morgan Chase, Mastercard, Visa
Members of Mercator Advisory Group Prepaid Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.
Please visit us online at http://www.mercatoradvisorygroup.com.
For more information and media inquiries, please call Mercator Advisory Group's main line: 1-781-419-1700 or send email to media@mercatoradvisorgroup.com.
For free industry news, opinions, research, company information, and more, visit us at http://www.PaymentsJournal.com.
Follow us on Twitter @ http://twitter.com/MercatorAdvisor.
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, kyetter@mercatoradvisorygroup.com
Twitter
SOURCE Mercator Advisory Group
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