Pre-Paid Card Transactions

Pre-paid cards recorded significant declines across all indicators in 2022. However, this was not due to a general trend but rather a result of extraordinary developments within both open loop pre-paid cards and closed loop pre-paid cards. Pre-paid…

Closed pre-paid cards are being negatively impacted by COVID-19, as public transport cards account for the majority of value spend and commuters are not traveling as much, with for instance many office workers continuing to work from home. Open…

Whilst consumers moved away from cash during the COVID-19 crisis, pre-paid cards did not benefit from this trend. The use of cash in Sweden is already exceptionally low by global standards, whilst at the same time, debit cards are overwhelmingly…

Closed loop pre-paid cards recorded negative growth in transactions volume in 2022, while transactions value also declined in constant price terms over the course of the year. Moreover, the number of closed loop pre-paid cards in circulation declined…

Usage of pre-paid cards is gradually recovering, especially since the second half of 2021 and so far in 2022, both for closed loop cards and for open loop cards, with open loop cards showing the greatest dynamism and already exceeding pre-pandemic…

Open loop and closed loop pre-paid cards continued to decline, albeit at a slower rate, in terms of the number of cards and transaction volume and current value during 2022. The decline in the category predates, but was accelerated by the Coronavirus…

With 2022 marking the beginning of the recovery period, the pre-paid cards category is returning to a more normal condition. Pre-paid cards is very highly dependent on the mobility of the population because the majority of the category’s transactions…

COVID-19 heavily impacted the use of closed loop pre-paid cards during 2020 due a dramatic decline in the use of public transport in urban areas, particularly during the second and third quarters of the year. Lockdown measures saw public transport in…

The resumption of busy daily lives in India as the threat of the pandemic wanes and restrictions have been eased has resulted in public transportation functioning at full capacity in 2022. This is particularly benefiting closed loop pre-paid…

Pre-paid card transactions continue to be negatively impacted by the COVID-19 pandemic in 2022. Taiwan was hit by a new wave of the COVID-19 virus in April 2022, following a wave in May 2021 which led to a level 3 alert, forcing the closure of some…

The introduction of transportation closed loop pre-paid cards (known as the BRT Bus Cowry Card) in Lagos last year continues to support the growth of pre-paid cards in 2022. With the full implementation of these closed loop pre-paid transportation…

There are no open-loop pre-paid cards in Morocco, and the number of closed-loop pre-paid cards (and the value of transactions made using them) was in decline even before the onset of the pandemic. The increased use of debit cards was the main driver…

In 2022, pre-paid cards is expected to maintain a similar performance to the previous year, with slight declines in both volume and value transactions. Nevertheless, the number of cards in circulation continues to rise. In the review period,…

During 2022, the Egyptian government executed its plans to launch a closed loop pre-paid card that would act as a universal electronic ticket for all of the public transport networks across the country. This ambitious large-scale initiative further…

National transportation card Rejsekort is recovering its position with the number of cards and transactions both recovering in 2021. A survey by Rejsekort & Rejseplan A/S reported in late 2021 that most consumers are satisfied with the card since it…

In line with rising inflation, the transport industry has also been impacted, with Opal fares in New South Wales increasing by 3% in July 2022. Transport fares in Queensland also increased by 2.5% in the same month after they were frozen during the…

Pre-paid cards was the worst performing category in financial cards and payments last year due to the negative effects of several lockdowns. Pre-paid cards are largely used for commuting and travelling, with a considerable amount of closed loop…

In 2022, pre-paid cards continued to be one of the most popular types of financial card in Italy, particularly in the case of young adults or those without a bank account. However, as with other financial cards, the rise of contactless payments…

Closed loop pre-paid cards registered a negative performance in transactions value and volume terms in 2022 after very strong growth is recorded in the category during 2021. Indeed, by the end of 2021, transactions value and volume in the category…

The ownership and usage of open loop pre-paid cards is declining in Greece due to the strong shift that has been sent towards debit cards in recent years. As a result, pre-paid cards are more commonly used nowadays for specific needs rather than as…