Merchant issued gift cards saw growth in value sales and share within closed loop pre-paid cards in 2019. Gift cards are increasingly being used to maintain loyalty and reward employees.
In addition to the convenience of contactless payment for day-to-day purchases, contactless debit and credit cards continue to replace closed loop pre-paid transportation cards. Increasing usage of contactless financial cards provides consumers with a frictionless travel experience, due to speed, convenience, ease of payment, and no requirement to carry additional cards.
Revolut is one of the fastest growing brands in open loop pre-paid cards, as it allows customers to easily top-up their cards via bank transfer or their current account. Money can be stored in multiple currency wallets, and funds can be transferred from one wallet to another at the current exchange rate.
Mastercard remained the leading operator of open loop pre-paid cards in 2018. The company issues pre-paid cards for the leading issuer Wirecard Card Solutions, as well as for the majority of travel cards.
Revolut has diversified by launching a free stock trading feature for Revolut Metal customers, with Revolut Metal customers able to make up to 100 commission-free trades per month. Rolled out in July 2019, Revolut now gives consumers the possibility to invest in the US stock market, New York Stock Exchange and NASDAQ, supported by real-time prices.
Pre-paid parking cards are losing their appeal, as more and more UK cities are adopting mobile parking apps. In addition to allowing the consumer to keep a wallet that can be used any time they want to pay for parking, these apps also help people to find free spots and compare the prices of different parking sites across cities.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
Discover the latest market trends and uncover sources of future market growth for the Pre-Paid Transactions industry in United Kingdom with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Pre-Paid Transactions industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
The Pre-Paid Transactions in United Kingdom market research report includes:
Our market research reports answer questions such as:
Euromonitor’s industry reports, including Pre-Paid Transactions in United Kingdom, originate from our database within our Consumer Finance market share and market size database