Pre-Paid Transactions

The online open loop pre-paid cards and accounts that are offered by various banks and financial institutions in Chile gained ground towards the end of the review period as general purpose reloadable cards went from strength to strength. Pioneering ...

Open loop pre-paid cards continued to grow in popularity in Romania in 2020, with transactions and usage rising strongly in line with the overall shift away from cash as a result of the COVID-19 pandemic. Open loop pre-paid employee benefit cards is ...

Over the course of 2020, demand for general purpose reloadable cards increased substantially, resulting in a spike in the number of open loop pre-paid cards in circulation as very strong growth was recorded in open loop pre-paid card transactions. ...

Pre-paid cards was strongly impacted by the COVID-19 pandemic in 2020. All types of pre-paid cards saw a strong decline in usage due to social isolation measures and other restrictions related to outside-home and tourism activities....

Major open-loop pre-paid cards like EasyCard and iCash are the major transportation cards in Taiwan. Due to COVID-19 pre-paid card transaction volume has fluctuated from month to month during 2020, with many consumers looking to limit their movements...

Open loop is the main type of pre-paid card available in Nigeria, while closed loop pre-paid cards continue to struggle to gain awareness or penetration in the Nigerian financial space. Categories in the latter such as the transportation pre-paid ...

The impact of the COVID-19 pandemic was felt heavily in closed loop pre-paid cards during 2020 as the very dynamic double-digit growth rates that were being recorded in the category prior to the onset of the COVID-19 situation slowed dramatically ...

The usage of pre-paid cards is declining strongly in Morocco as the traditional uses of these cards face obsolescence due to the emergence of credit cards and debit cards that can be used to make international payments online. In the past, much of ...

In the late review period, Saudi Arabia undertook successful initiatives to ensure that domestic staff are paid electronically via pre-paid salary cards. This was because of several scandals emerging with domestic staff not being paid as cash ...

The impact of the COVID-19 pandemic on the use of public transport in Israel had a devastating impact on closed loop pre-paid cards transactions value and volume over the course of 2020. With considerably more than half of all closed loop pre-paid ...

Pre-paid cards was strongly impacted by the COVID-19 pandemic in 2020, with usage of the popular Rejsekort public transport card falling strongly as travel activities declined due to social isolation measures and other restrictions related to ...

Open loop pre-paid cards registered a considerably less severe decline in than closed loop pre-paid cards during 2020 and this can be attributed mainly to the presence in the category of Greece’s welfare payment cards, known as KEA cards, after the ...

Despite experiencing declines in the number of transactions made and transaction value in 2020, the number of pre-paid cards continued to grow, driven by the dominant open loop pre-paid cards. The latter tends to be comprised of unbanked consumers ...

The use of pre-paid cards suddenly dropped to marginal during the initial stages of the COVID-19 pandemic due to the restrictive measures that were implemented from 18 March in response to the presence of the COVID-19 virus in the country. The ...

Closed loop pre-paid cards recorded a negative performance in 2020 and this can be largely attributed to the COVID-19 pandemic and the official response to it in Norway. Specifically, social distancing and the reluctance of many people to venture ...

In addition to the COVID-19 crisis, pre-paid cards are also facing growing competition from alternative payment formats, with a growing number of consumers preferring to pay via debit or credit card. In addition, mobile-based pre-paid cards are ...

Recent years have seen a surge in consumer interest in e-wallets, a digital substitute for the more familiar plastic payment cards. These virtual payment solutions have become popular mainly because they represent the ideal option for online payments...

Pre-paid cards experienced a drop in demand and usage in line with the general declining trend witnessed across financial cards and payments in 2020, as a result of the pandemic and subsequent lockdown measures which weakened consumer sentiment and ...

Closed loop pre-paid cards has been hit by restrictions on the operations of the key spending channels, foodservice, retail, and transportation, as part of measures aimed at limiting the spread of COVID-19. For example, while the beep card can be ...

The phenomenal growth that was recorded in pre-paid cards transactions volume and value terms for much of the review period was brought to a grinding halt by the COVID-19 pandemic during 2020. The presence of the COVID-19 virus in Vietnam and the ...