Global Prepaid Card and Digital Wallet Market Forecasts, Consumer Attitude & Beh… – Press Release

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The “Global Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend” report has been added to ResearchAndMarkets.com’s offering.

The global prepaid card market (value terms) increased at a CAGR of 9.2% during 2017-2021. Over the forecast period of 2022 to 2026, the market is expected to record a CAGR of 11.5%, increasing from US$1533.37 billion in 2022 to reach US$2370.75 billion by 2026.

Globally, the demand for prepaid cards surged significantly in the last four to six quarters. Moreover, emerging fintech companies are driving digital and mobile wallet innovation. According to the Q4 2021 Global Prepaid Cards Market Survey, a significant part of the growth in the global prepaid card segment is expected to come from the unbanked population.

Over the next four to eight quarters, B2B prepaid card segment is expected to be a high-growth area globally. Prepaid payment instruments focusing on retail, corporates, and government segments are also anticipated to record high growth as compared to general-purpose prepaid cards. One of the key segments, where a significant value can be unlocked over the short to medium term is the government disbursement through prepaid payment instruments.

In 2021, the demand for prepaid cards increased significantly in the Asia-Pacific region. Fintech companies in emerging markets attracted significant investments to expand their product portfolios and foray into new markets. The region’s key digital wallets gained substantial market share in the last four to six quarters primarily due to rising adoption and technological advancements. Moreover, with the strong growth of the e-commerce market in this region and the demand for cashless payment methods, the publisher expects the prepaid card segment to benefit significantly.

Digital wallets are building partnerships to launch prepaid cards in the Asian market. With…

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