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.
Interested In This Report
Related content
Expanding The Use of Prepaid for Underserved Communities
Prepaid cards continue to emerge as effective tools to address the financial needs of underbanked communities and cater to the particular requirements of developing underserved com...
Return to Office Doesn’t Equal Return to Patterns in Prepaid Transit
Return-to-office mandates and hybrid work scenarios have created new patterns for commuters throughout the United States. This may change payment patterns from exclusively prepaid ...
Unused Value in Prepaid Cards: Breaking the Misconceptions
Unused funds on prepaid products, such as gift cards, create liabilities for issuing organizations as use grows. The increasing use of such products highlights the opportunities fo...
Make informed decisions in a digital financial world