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Learn moreNov 2020
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The CARES Act authorised one-time payments of USD1,200 to most adults in the US and USD500 per child. Most Americans received these payments through direct deposit, but nearly four million received their payment as pre-paid debit cards.
The large number of types of pre-paid cards means that COVID-19 has impacted some parts of the category significantly differently from other parts. Network-branded gift cards have performed well, as consumers look for cards that ensure they do not overspend when many budgets are tighter than they were pre-pandemic.
With generally a smaller e-commerce presence than large retailers, small businesses became especially vulnerable as stay-at-home orders forced non-essential businesses to close. Many businesses turned to gift cards as a short-term solution to continue paying rent and other expenses.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Discover the latest market trends and uncover sources of future market growth for the Pre-Paid Transactions industry in USA 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 USA, our research will save you time and money while empowering you to make informed, profitable decisions.
The Pre-Paid Transactions in USA market research report includes:
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Euromonitor’s industry reports, including Pre-Paid Transactions in USA, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.