An open loop prepaid card is connected with an electronic payment network like MasterCard or Visa and is issued by the banks or financial institutions. General purpose cards are open-loop cards that can be reloaded in-store or online. The prepaid cards can also be segmented by products, into: payroll cards, youth cards, travel cards, gift cards and government benefit cards.
The global prepaid card market has increased at a significant annual growth rate in 2015 as compared to the preceding year and projections are made that the market would rise in the next five years i. e. 2016- 2020. The major growth drivers for the market are: shift towards plastic money for making payments, increased adoption of prepaid cards by unbanked population, increased usage in the form of holiday gift cards, an increase in retail sales, favorable regulations, etc. Yet there are some challenges, which the market faces, such as lack of awareness, lack of standardization, security concerns, etc.
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Some points from table of contents:
1. Executive Summary
2. Introduction 2.1 Prepaid Cards by Segments 2.2 Prepaid Cards by Products 2.3 Prepaid Cards Value Chain
3. Global Market Analysis 3.1 Global Card Market: An Analysis 3.1.1 Global Card Market by Value 3.1.2 Global Card Market by Payment Volume 3.1.3 Global Card Market by Installed Base 3.2 Global Prepaid Card Market: An Analysis 3.2.1 Global Prepaid Card Market by Payment Volume 3.2.2 Global Prepaid Card Market by Installed Base 3.2.3 Global Prepaid Card Market by Region
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