Pre-Paid Transactions

As part of its drive to increase financial inclusion, in recent years the Egyptian Government has started using pre-paid cards to disburse pensions and public sector salaries. While this policy continued to support the positive development of ...

Prepaid cards traditionally cater to the vulnerable or ageing populations. In recent years, usage of prepaid cards in Australia expanded beyond gift cards. In fact, prepaid, or, more specifically, open-loop prepaid cards, are part of a renewed ...

In 2018, merchant issued gift cards posted strong growth due to a rise in use of digital gift cards and because many companies view these as a convenient reward method for their employees. Gift cards allow employees to choose where to spend their ...

eTicket Deutschland, with its regional variants, is already widely used by several regional transportation companies, although a unified national system has not yet been established. By the end of 2018, however, passengers will have the option to ...

A crucial part of the Swedish pre-paid card landscape has been local and regional transportation cards used in the major population centres. Public transport in the country benefits from factors such as the further concentration of the population in ...

While closed loop pre-paid cards experienced a slowing growth trend, especially after EZ-Link cards switched to open loop in 2010, open loop pre-paid cards continued to grow in popularity. The government’s insistence on Singapore moving towards ...

Pre-paid cards were originally widely used for pre-paid mobile SIM card top-ups, for transportation systems, and for shops. With e-payments strongly growing alongside financial technology in Thailand, the e-wallet is becoming a more convenient ...

In 2018, employee cards and general purpose reloadable cards were the two categories that continued to boost the performance of open loop pre-paid cards. A growing number of companies are entering the fast-growing pre-paid cards category to tap into ...

In 2018, Ukrainian banks continued to use large cultural events to promote their open loop pre-paid cards as well as cashless payments in general. The largest music festival in Eastern Europe, which takes place in Kiev, Atlas Weekend, is a major ...

These types of cards are used primarily for purchasing food products and are not transferable. The annual calculation must be made by adjusting the annual amount according to the inflation rate in the previous year, as set out in the law. It is ...

Compared to credit cards and debit cards, pre-paid cards recorded much lower growth and number of cards in circulation. The inconvenience of having to top up the cards prior to usage is the main hindrance factor. Some banks only allow customers to ...

The very strong growth seen in pre-paid cards transactions value in 2018 was mainly due to the ongoing expansion of the use of pre-paid cards as transportation tickets. This also supported the extremely high growth rates seen in closed loop pre-paid ...

Pre-paid cards is expected to perform well over the forecast period. While credit cards are expanding on the back of their use for e-commerce purchases and relatively large transactions, pre-paid cards are used largely for small-scale, everyday ...

Traditional open-loop prepaid cards issued by credit card companies such as Lotte and BC are losing their competitiveness in South Korea as they do not have the range of benefits offered by other financial cards. In addition, these cards are mostly ...

Both open-loop and closed-loop prepaid cards grew steadily during 2018. Prepaid cards are primarily dominated by salary prepaid cards, which are a payroll administration tool for blue collar workers working in the country’s labour-intensive ...

Closed-loop prepaid cards continued to demonstrate strong value growth in 2018. This performance is linked to the wide popularity of transportation cards, which is the most developed type of card within the category. Convenience is becoming more ...

After electronic meal vouchers were launched in 2015 as an alternative to the paper version and gained further penetration in 2016, 2017 was the year to confirm the success of the digital version of the employee benefit. At the end of 2018, more than...

The four leading brands – EasyCard, Icash, I-PASS and HappyCash – account for the lion’s share of pre-paid cards in volume terms in Taiwan. The functions of these cards are increasingly overlapping. All can now be used on public transport, as well as...

The working population in Mexico, which stands at approximately 50 million people, represents the primary potential market for companies that offer open loop pre-paid cards. Most Mexican workers are employed by small and medium-sized businesses known...

The deterioration of the macroeconomic scenario contributed to rising unemployment in the later part of the review period. Many Brazilians have become less confident in their expenditure. Even those who kept their jobs during the economic recession ...