Pre-Paid Transactions

Pre-paid cards are experiencing fast growth and are expected to continue expanding, as there are still a large number of people, who, for a variety of different reasons, are unbanked, but need to transfer money or want access to e-commerce. Pre-paid ...

Traditional open loop pre-paid cards issued by credit card companies such as Samsung and Lotte are losing popularity in South Korea as consumers find a wider range of benefits from other financial cards such as debit and credit cards. In addition, ...

Meeza is a financial inclusion initiative from the Egyptian government to aid the push towards cashless payments. Meeza, which is designed to be an Egyptian National Payment Scheme, was developed by Egyptian Banks Company (EBC) under the supervision ...

Both open loop and closed loop pre-paid cards grew steadily during 2019. Salary pre-paid cards play an important role in pre-paid cards. These are used as a payroll administration tool and wages protection system for blue-collar workers in the ...

Some customers use pre-paid cards as a safe way to control their spending. As they remain worried about the risk of fraud and loss of cards, pre-paid cards can help them to limit the amount of loss in cases of these events happening. Even if the ...

Pre-paid cards remain popular amongst Japanese consumers, having achieved high levels of awareness through strong promotional activity and wide-ranging acceptance. Consumers appreciate the convenience and sense of security provided by pre-paid cards....

The strongest dynamics in the pre-paid cards environment come from electronic meal vouchers, which continued to transition from paper (other paper payments), to open loop pre-paid cards. These are fringe benefits for use in grocery and consumer ...

In Taiwan, dual function of credit and pre-paid cards are very common. Leading pre-paid card issuers - EasyCard, Icash, iPass and HappyCash - account for the lion’s share of market shares in both volume and value terms. The four pre-paid cards are ...

Pre-paid cards is the most popular type of financial card in circulation in the Philippines and is generally perceived to be the most effective way of achieving financial inclusion amongst the country’s high proportion of unbanked population. Open ...

The general purpose reloadable open loop pre-paid card remained the major type of pre-paid card available in Nigeria. Most government institutions continue to make payments through individual’s personal accounts which are tied to their debit cards. ...

With pre-paid gift vouchers comprising a substantial amount of the pre-paid cards and circulation in Israel, the increasing availability of digital vouchers through a variety of websites continued to place pressure on the category during 2019. These ...

Mobile apps are taking over from transportation and parking closed loop pre-paid cards. Most transportation companies in Norway provide reliable and efficient apps which replace physical tickets and closed loop pre-paid cards The high smartphone ...

Several factors contributed to the healthy growth of pre-paid cards in 2019, in terms of both cards in circulation and current value transactions. The rise of pre-paid cards was triggered mainly by the rapid growth of open loop pre-paid cards. This ...

In 2019, pre-paid cards continued to grow both in terms of number of cards in circulation and transaction volume and value. Open loop pre-paid cards were the main drivers of growth. The Octopus card continues to be omnipresent in Hong Kong, allowing ...

Pre-paid cards continued to record a positive performance in 2019, growing in number of cards in circulation, number of transactions and stronger current value growth in sales terms in 2019. Pre-paid cards are popular with various demographics in the...

Towards the end of the review period, pre-paid cards received a major boost from changes to the law in Saudi Arabia which now require all those who employ domestic staff to pay their workers via electronic transfer to pre-paid payroll or salary ...

Pre-paid cards used to be the dominant mode of payment for public transport via buses and MRT. In recent years, the government’s push for a smart nation and aim towards a cashless society have encouraged more initiatives to encourage e-payments and ...

Pre-paid cards continued to see strong growth by all measures in 2019. The benefits that come with pre-paid cards are very similar to credit and debit cards, providing reward points or product discounts for consumers. These cards are gaining ...

A developed transportation infrastructure and the widespread introduction of transportation cards by public transportation companies like Moskovsky Metropoliten and Peterburgsky Metropoliten continue to drive closed loop pre-paid cards. Thus, closed ...

The market of pre-paid cards related to fringe benefits has changed radically as of 2019, as this category is highly dependent on taxation regulation related to fringe and personal income tax benefits. The Széchenyi Pihenokártya remains in the ...