The Post-COVID-19 Path for Prepaid Government Payments
- Date:May 19, 2023
- Author(s):
- Jordan Hirschfield
- Report Details: 7 pages, 4 graphics
- Research Topic(s):
- Prepaid
- PAID CONTENT
Overview
The use of prepaid cards for government payments surged during the pandemic. Although the pandemic-related subsidies are disappearing, this Javelin Strategy & Research impact note demonstrates how new opportunities are emerging to continue to innovate and offer prepaid cards tied to government programs.
Advances in technology and quicker, easier access to payments and directly deposited funds create ever-expanding use cases for prepaid products to deliver government funding to those who need it. What’s more, the products make it easier for issuing governments to ensure that funds are spent properly, providing an extra layer of accountability to taxpayers.
Learn More About This Report & Javelin
Related content
Prepaid On The Verge of a Digital Takeover
Digital options in the prepaid payments industry appear poised to take control over the next decade, pushed by consumer demand, technological advances, and a shrinking financial wo...
Mitigating Risk in Prepaid Card Programs
Risk mitigation is crucial in gift card programs to provide positive customer experiences, protect against fraud and financial losses, and to secure organizational systems. Impleme...
2024 State of the Industry: Commercial Prepaid Cards
The commercial prepaid market should see moderate growth in coming years, with an increased opportunity for non-governmental products such as employee and health incentives in open...
Make informed decisions in a digital financial world