Pre-Paid Transactions

Latin America is home to a number of innovative financial inclusion efforts to reach unbanked consumers, as well as to reach financially underserved consumers who only utilise basic financial services. The region demonstrates the importance of ...

Payment is an integral part of the retail transaction. Some of the largest retailers today have come to power by making payments more convenient. Convenience is, however, largely subjective, and it is often relative to previous norms. This report ...

The conversion of online retailing from store-based retailing has impacted financial services and the way consumers pay across the world. In emerging markets the transition has been fastest in Asia Pacific, and allowed non-bank competitors into the ...

The rise of smartphones and the convenience of internet banking are dramatically shifting how consumers approach payments. With opportunity comes risk. Finding a way to regulate this new payscape must balance competing security, innovation and ...

Since 2015, 13 different trials have been run in the Czech Republic to enable users to pay by card on public transportation in various cities and regions. These trials have varied in terms of complexity. Two cities, Decin and Karlovy Vary, replaced ...

With a significant transaction value sales rise, pre-paid cards continued to be increasingly popular among Russians in 2017. However, it looks like pre-paid cards has reached its peak and category players’ interest in these products has cooled, as ...

Western Europe is the third largest region in the world for both consumer and card payments. At a country level, consumer payment preferences vary considerably across markets. Cash payments remain a dominant force in several countries, while a ...

Pre-paid cards in China is predicted to continue its declining path over the forecast period. With the growing popularity and maturing technologies of third party mobile payments, consumers are becoming increasingly willing to link their debit/credit...

The review period saw the growing popularity of pre-paid cards as a new method of payment in South Africa. Transactions continued to record strong current value growth, supported by the closed loop format due to the expansion of transportation cards....

The number of pre-paid cards in circulation was lower than debit and credit cards in 2017. The inconvenience of having to top up directly at issuing banks is the greatest disadvantage preventing this type of card from penetrating the mass market. ...

Pre-paid cards is seen as a way to control your money in Colombia. Their issue and use are regulated by companies for the acquisition of goods and services. It is perceived as a safe payment option to avoid carrying cash or paying handling fees, and ...

Pre-paid cards in Australia are expanding beyond gift cards, which are frequently purchased by consumers as a present for friends or loved ones. In fact, pre-paid or, more specifically, open loop pre-paid cards, are part of a renewed strategy by ...

The demand for pre-paid cards is restricted as most consumers prefer cards that are tied directly to their accounts. Most banks are not exploring the issuance of pre-paid cards because they also want all card holders to have the products tied to ...

Card and electronic payments continue to take global consumer payment share from cash and other paper payments. From 2016 to 2017, the card payment landscape has moved towards greater credit adoption in both emerging and developed markets as ...

Asia Pacific represents the largest region in both financial cards in circulation and card payment value. As a result, the region also is home to the largest card network and issuers by the same metrics. Having rapidly adopted card payments over the ...

National Bank of Ukraine reported an increase in volume of payment cards with an e-money function. Those were pre-paid cards that banks issued to customers without generating a contract and without a customer identification process. Pre-paid payment ...

Pre-paid cards grew strongly in 2017. Closed loop and open loop pre-paid cards grew at a similar rate in terms of the number of cards in circulation; however, in terms of value performance, open loop pre-paid cards recorded stronger growth. This was ...

Transportation cards (Metro del Distrito Federal) dominated closed loop pre-paid cards in 2017. The number of transportation cards in circulation saw strong growth over the review period. Many cities and transport systems use pre-paid cards, ...

Prepaid cards continued to grow robustly in 2017 in terms of number of cards as well as value of transactions. The category has posted continuous double-digit growth every year since 2001. Open-loop prepaid cards continued to account for the bulk of ...

Pre-paid cards is expected to record strong constant retail value growth over the forecast period. Consumers feel a sense of safety and convenience when utilising these cards. With strong promotion and wider acceptance among leading players, both ...