A new research report by
Mercator Advisory Group titled 13th Annual U.S. Open-Loop Prepaid Cards Market
Forecasts, 2016–2019provides an analysis of the
growth and development of the prepaid cards industry through 2019. The report examines
loads, growth potential, and market dynamics in the United States across all
Mercator Advisory Group’s forecast report identifies key segments
that will continue to witness a decline over the next few years as well as
those that should see growth. The coming regulations from the Consumer
Financial Protection Bureau will likely have the biggest influence on the
future direction of the prepaid industry. However, the economy, politics, and
consumer behavior will all influence which segments grow and which decline.
This report reviews and forecasts load dollar volume for open-loop
segments. This forecast highlights the segments approaching market saturation
as well as those that will continue to experience double-digit annual growth.
"Events in 2016
will likely make it a watershed year for the prepaid industry, and the future
of many segments will hinge on regulations. Prepaid providers should be
evaluating their businesses and looking for ways to diversify," Ben Jackson, director of Mercator Advisory Group's Prepaid Advisory Service,
and author of the report, comments.
Companies mentioned in this report include: American Express, Assurant Specialty Property, Citi, Customer Bancorp Inc., Farmers Insurance, Green Dot Inc., H&R Block, Higher One Holdings
Mutual, Nationwide, NetSpend, State Farm, TSYS,
UniRush LLC, Wirecard AG