The Post-COVID-19 Path for Prepaid Government Payments
- Date:May 19, 2023
- Jordan Hirschfield
- Report Details: 7 pages, 4 graphics
- Research Topic(s):
- PAID CONTENT
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.
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