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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