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Global Prepaid Card Market with Focus on The United States (2016 - 2020)

Global Prepaid Card Market with Focus on The United States (2016 - 2020)

Scope of the Report

The report titled “Global Prepaid Card Market with Focus on The United States (2016 - 2020)”, provides an in-depth analysis of the global prepaid card payments with detailed analysis of market size and growth, market share and economic impact of the industry. The report also provides market size of the global card market. The report provides the detailed analysis of the US prepaid card market, which include market by purchase volume, by installed base, by segments and by amount loaded. The US card market analysis is also provided in the report.

Furthermore, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global prepaid card market has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global prepaid card market is fragmented, with large number of prepaid card issuers and processors. The major issuers of the US prepaid card market are MetaBank, Green Dot Corporation, JPMorgan Chase and Comerica Bank, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Country Coverage

United States

Company Coverage

MetaBank
Green Dot Corporation
JPMorgan Chase
Comerica Bank

Executive Summary

A prepaid card is a type of card similar to credit and debit card, but unlike them, a prepaid card does not connect to the bank account of a person and is based on “pay as you go” model. Until the card is purchased and the funds are loaded into it, the prepaid card does not carry any value. The cost of the prepaid card is deducted from the card’s balance. When all the funds loaded on the card are used, then the card is empty and cannot be used further.

The prepaid cards can be segmented by the type, into: closed loop cards, open loop cards and general purpose cards. A closed-loop prepaid card can be used only at a particular merchant or merchant chain. 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.


1. Executive Summary
2. Introduction
2.1 Prepaid Cards by Segments
Table 1: Prepaid Cards by Segments
Closed Loop Cards
Open Loop Cards
General Purpose Cards (GPRs)
2.2 Prepaid Cards by Products
Table 2: Prepaid Cards by Products
Payroll Cards
Youth Cards
Travel Cards
Gift Cards
Government Benefit Cards
2.3 Prepaid Cards Value Chain
Table 3: Prepaid Cards Value Chain
Funding Source
Program Managers
Distribution Network
Reload Locations/ Networks
Card-Issuing Banks
Payment Networks
Processors
3. Global Market Analysis
3.1 Global Card Market: An Analysis
3.1.1 Global Card Market by Value
Table 4: Global Card Market by Value; 2010-2014 (US$ Trillion)
3.1.2 Global Card Market by Payment Volume
Table 5: Global Card Market by Payment Volume; 2012-2020 (Billion)
3.1.3 Global Card Market by Installed Base
Table 6: Global Card Market by Installed Base; 2012-2020 (Billion)
3.2 Global Prepaid Card Market: An Analysis
3.2.1 Global Prepaid Card Market by Payment Volume
Table 7: Global Prepaid Card Market by Payment Volume; 2014-2020 (Billion)
3.2.2 Global Prepaid Card Market by Installed Base
Table 8: Global Prepaid Card Market by Installed Base; 2013-2015E (Million)
Table 9: Global Prepaid Card Market by Installed Base; 2016-2020 (Million)
3.2.3 Global Prepaid Card Market by Region
Table 10: Global Prepaid Card Market by Region; 2014
4. United States Prepaid Card Market
4.1 US Card Market: An Analysis
4.1.1 Total Card Market by Purchase Volume
Table 11: US Total Card Market by Purchase Volume; 2004-2014 (US$ Billion)
4.1.2 Total Card Market by Segments
Table 12: US Total Card Market by Segments; 2014
4.2 US Prepaid Cards Market: An Analysis
4.2.1 Prepaid Cards Market by Purchase Volume
Table 13: US Prepaid Cards Market by Purchase Volume; 2004-2014 (US$ Billion)
4.2.2 Prepaid Card Market by Installed Base
Table 14: US Prepaid Card Market by Installed Base; 2010-2015 (Million)
4.2.3 Prepaid Card Market by Segments
Table 15: US Prepaid Card Market by Segments; 2010-2015E
4.2.4 Prepaid Card Market by Amount Loaded
Table 16: US Prepaid Cards Market by Amount Loaded; 2009-2014E (US$ Billion)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Shift Towards Plastic Money
Table 17: Global Payments by Segments; 2014
5.1.2 Increased Use by Unbanked Population
Table 18: US Household Banking Status and Prepaid Card Usage; 2013
5.1.3 Increasing Use of Prepaid Cards for Holidays
Table 19: Average Holiday Gift Card Spend; 2009-2014 (US$)
5.1.4 Increase in Retail Sales
Table 20: Global Retail Sales; 2009-2014 (US$ Trillion)
Table 21: US Retail Sales and Prepaid Card Purchase Volume; 2013-2014
5.1.5 Reduced Spillage in Card Value
Table 22: Spillage in Card Value; 2006-2014 (US$ Million)
5.2 Challenges
5.2.1 Lack of Awareness
5.2.2 Security Concerns
5.2.3 Lack of Standardization
5.2.4 Consumer Protection Laws
5.3 Market Trends
5.3.1 Exchange of Unused Cards for Cash
5.3.2 Lower Barrier to Entry
5.3.3 Reasons for Use of Prepaid Cards
Table 23: Reasons for Use of Prepaid Cards in America; 2015
5.3.4 Use of GPRs by Banking Status
Table 24: Use of GPRs by Banking Status; 2009-2013
6. Competitive Landscape
Table 25: Top 10 US Prepaid Card Issuing Companies by Purchase Volume; 2014
(US$ million)
Table 26: Top 10 US Prepaid Card Issuing Companies by Number of Cards and Purchase Transaction; 2014
7. Company Profiles
7.1 Meta Financial Group (MetaBank)
7.1.1 Business Overview
Table 27: MetaBank Segment Overview
7.1.2 Financial Overview
Table 28: Meta Financial Group Revenue; 2011-2015 (US$ Million)
Table 29: Meta Financial Group Assets; 2011-2015 (US$ Billion)
7.1.3 Business Strategy
Issuer of Univision Communications Prepaid Cards
Agreement with PayQuicker
7.2 Green Dot Corporation
7.2.1 Business Overview
7.2.2 Financial Overview
Table 30: Green Dot Revenue; 2011-2015 (US$ Million)
Table 31: Gren Dot Segments’ Revenue; 2015 (US$ Million)
7.2.3 Business Strategy
Relationship with Wallmart
Marketing Strategy
7.3 Comerica Bank
7.3.1 Business Overview
7.3.2 Financial Overview
Table 32: Comerica Net Income; 2011-2015 (US$ Million)
Table 33: Comerica Net Income by Segments; 2015
7.3.3 Business Strategy
Comerica Park Perks Program
7.4 JPMorgan Chase
7.4.1 Business Overview
Table 34: JPMorgan Chase Segments Overview
7.4.2 Financial Overview
Table 35: JPMorgan Chase Revenue; 2011-2015 (US$ Billion)
Table 36: JPMorgan Chase Revenue by Segments; 2015
7.4.3 Business Strategy
Selling the shares
Grants for Research
Acquisitions

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