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Growth forecast for U.S. commercial prepaid cards in 2018 and beyond
Mercator Advisory Group reports that the commercial portion of overall spend in the U.S. prepaid card market has e growth potential in private sector categories, particularly as delivered through open-loop networks.
Published on: December 27, 2017
Author: Steve Murphy
Alternate Point of Contact: Amy Dunckelmann
In a new research report, U.S. Commercial Prepaid Cards: 2015–2020 Forecast, Mercator Advisory Group examines the ongoing growth scenario in the U.S. market, discussing trends, technology dynamics, and opportunities presenting themselves over the next four years.
“Given the amount of change generally underway in corporate payments, we decided to take a closer look at the specific prepaid commercial use cases and identify a separate taxonomy. We estimate commercial load volumes to be roughly 42% of the total U.S. prepaid market, commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, co-author of the report. “As one might expect, there are fewer segment scenarios associated with commercial prepaid products than with consumer prepaid products because commercial products are targeted to support corporate needs and goals and more efficient management of company resources. To further distinguish between the full taxonomy of prepaid solutions versus commercial-related, we have also identified certain categories and segments that have a mix of spend between consumer and commercial use cases.”
The document is 16 pages long and contains 5 exhibits.
Companies mentioned in this report include: American Express, Bento, Discover, GreenDot, Mastercard, netSpend, PEX, Visa, and Walmart.
