Overview
Closed-Loop Prepaid Card Loads Drop 14% as a Result of the Pandemic, Recovery by 2023
The report titled 18th Annual U.S. Closed-Loop Prepaid Cards Market Forecasts, 2020–2025 provides an analysis of the growth and development of the prepaid cards industry through 2025. The report examines loads, growth potential, and market dynamics in the United States across all closed-loop prepaid card segments.
Mercator Advisory Group’s forecast report identifies key segments that will continue to decline over the next few years as well as those that should see growth. The economy, regulation, consumer behavior, and the COVID-19 pandemic will all influence which segments grow and which decline.
"The pandemic has affected closed-loop card loads differently by segment. Digital and virtual gift cards are forecasted to continue growth amid a booming e-commerce market. As the pandemic subsides and in-store foot traffic returns, in-store gift card loads will slowly come back, however, the consumer trend towards digital channels will remain, resulting in digital and virtual cards winning market share over time," commented David Nelyubin, Senior Analyst of Mercator Advisory Group's Prepaid Advisory Service, the author of the report.
This report is 26 pages long and contains 23 exhibits.
Companies and other organizations mentioned in the report include: U.S. Census, T-Mobile, Tracfone, America Movil, EIA, MBTA, IBTTA, WIC, SNAP.
One of the exhibits included in this report:
- Closed-loop prepaid card loads and forecast into 2025 by segment.
- Closed-loop prepaid card market share into 2025.
- Effects of the COVID-19 pandemic on prepaid card market segments.
Learn More About This Report & Javelin
Related content
2024 State of the Industry: Commercial Prepaid Cards
The commercial prepaid market should see moderate growth in coming years, with an increased opportunity for non-governmental products such as employee and health incentives in open...
2024 Prepaid Card Data Book
The Prepaid Card Data Book ties together the most important metrics for the industry in brief, high-level metrics. This assessment of the prepaid card market by Javelin Strategy & ...
20th Annual U.S. Open-Loop Prepaid Card Market Forecast, 2023-2027
Open-loop prepaid programs continue to grow steadily after experiencing turbulence in the early part of the decade. This Javelin Strategy & Research report, the 20th annual assessm...
Make informed decisions in a digital financial world