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The Canadian Open-Loop Prepaid Market: 2015

The Canadian prepaid market has room to grow

Mercator Advisory Group research examines the size of the open-loop prepaid market in Canada.

Building on its prepaid benchmarking work in the United States, Mercator Advisory Group has turned its sights north to look at the size of the open-loop prepaid market in Canada. The results are documented in this research report, The Canadian Open-Loop Prepaid Market: 2015. 

Mercator worked with the Canadian Prepaid Providers Organization to develop a survey, create a taxonomy of the Canadian open-loop prepaid market, and identify the key players. The information gathered was used to create an estimate of the total market size and for those segments where respondent confidentiality could be guaranteed. While the market is smaller than the U.S., as would be expected, the information gathered suggests that it still holds opportunities.  

“The open-loop prepaid market still has plenty of room to grow in Canada, but providers will need to tailor their products to fill the right needs in the market,” commented Ben Jackson, Director, Prepaid Advisory Service. 

This research report contains 17 pages and 11 exhibits.



Highlights of the research report include:

  • Mercator Advisory Group was asked by the Canadian Prepaid Providers Organization to benchmark the size of the Canadian open-loop prepaid market for 2015.

  • Mercator undertook a survey of program managers and issuers to identify the size of the market and what active segments exist.

  • The Canadian open-loop prepaid market has eight active segments out of a possible 17. This suggests that there is room for future growth in the market. 

  • The total market size is CA$3.1 billion in dollars loaded onto open-loop prepaid cards of all types in 2015.