U.S. Prepaid Card Market Overview: The New Bank Account
Report Summary
U.S. Prepaid Card Market Overview: The New Bank Account
Aite Group estimates that virtual gift card and digital payment usage will result in 2020 prepaid card GDV of US$578 billion.
Boston, February 7, 2018 – The U.S. prepaid card industry has come a long way in the last 20 years. What started as a very small stored-value idea has turned into an international market supporting numerous verticals, including retail, government, financial services, corporations, and fintech. Meanwhile, prepaid platforms, processing capabilities, and products are being leveraged to satisfy an ever-growing appetite for simple vertical payments integration.
This report looks at the current industry and the trends driving the growth of prepaid products in multiple segments. It is based on industry executive interviews and Aite Group’s existing body of research.
This 31-page Impact Report contains 11 figures and five tables. Clients of Aite Group’s Retail Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Allpoint, Amazon, American Express, Amali Solutions Group, Apple, Association for Financial Professionals (AFP), Audit Analytics, Automatic Data Processing (ADP), Bank of America, ChexSystems, Consumer Federal Protection Bureau (CFPB), Early Warning, E-ZPass, U.S. Federal Reserve, FIS, Fifth Third Bank, First Data, FitPay Inc., Green Dot, Home Depot, i2c, InComm, Ingo Money, Intel, IBM, JPMorgan Chase, Mastercard, MetaBank, MoneyPass, NetSpend, PayPal, Starbucks, Target, Total System Services (TSYS), TransCard, Uber, U.S. Bank, Venmo, Visa, Walmart, and Zelle.