Pre-Paid 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…

In 2022, pre-paid cards expected to be the fastest growing financial cards in Turkey, in terms of number of cards in circulation. Open loop cards are driving this growth, with consumers appreciating their flexibility in terms of use and it is also an…

While both closed and open loop pre-paid are expected to register an increase in current transaction value, constant value is expected to fall, as inflation hits profit margins. However, in terms of the numbers of cards in circulation, there is…

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…

Having surged by a fifth in 2021 as COVID-19 restrictions were greatly relaxed, the retail constant value sales (2022 prices) of annual pre-paid card transactions continued to expand during 2022, albeit at a much slower pace than in the previous…

Pre-paid cards is comprised entirely of open loop products in Vietnam. Demand for pre-paid cards slumped dramatically during the pandemic, with the government’s COVID-19 measures limiting the use of these products. Despite the number of open loop…

After two years of declines during the pandemic, 2022 is seeing the return to growth for pre-paid cards, which is being driven by the strong, continuing recovery of closed loop pre-paid cards. The latter is solely comprised of merchant issued gift…

Open loop pre-paid cards saw a decline in the number of cards in 2020, driven by the impact of the pandemic and the restrictions that came with it. Open loop pre-paid cards saw a return to growth in 2021, but this trend did not last long with the…

The pandemic-inspired accelerated evolution of e-commerce continues as growth is supported by a wide variety of available products, competitive prices and a plethora of offers, and the convenience of home delivery. Major e-commerce players like…

Open loop pre-paid cards remained much more important in Malaysia than closed loop pre-paid cards in terms of the number of cards in circulation and transaction volume and value at the end of the review period. Having expanded at its fastest rate in…

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…