U.S. Commercial Prepaid Card Market Forecast
- Date:January 18, 2023
- Author(s):
- Jordan Hirschfield
- Report Details: 15 pages, 8 graphics
- Research Topic(s):
- Prepaid
- PAID CONTENT
Overview
Mercator Advisory Group continues its annual series on market trends with a focus on the commercial prepaid market. Mercator generally expects a positive environment for commercial closed-loop cards with steady growth in non-governmental aspects and more robust growth in government closed-loop programs. In addition, budgetary and inflationary pressure should benefit Incentive programs, while those factors, plus a return to in-store shopping, will help store credits and returns.
Open-loop commercial products will see some stagnation in the short term before recovering. The leading cause of the short-term issues will be the end of the Economic Impact Payments (EIP), a vital element of the federal response to the COVID-19 pandemic. However, the long-term outlook will grow strongly in open-loop with the return to corporate use of open-loop products for expense, event, and incentive programs.
Key questions discussed in this report:
- What does Mercator expect for each aspect of the commercial prepaid market in 2023?
- How will prepaid mechanisms retain value as large-scale government programs wane?
- Where should players in the market invest to succeed in the coming year?
Learn More About This Report & Javelin
Related content
Javelin Prepaid Consumer Sentiment: 3-Year Trend Highlights
As Javelin’s research into consumer sentiment toward prepaid products completes its third year, the findings highlight relative stability in most products, and that’s significant i...
Prepaid Is Positioned to Bridge Gaps in Agentic Commerce
Announcements from Visa and Mastercard about the imminence of AI-driven purchasing agents that will act on behalf consumers have made a big splash. But underneath the dazzling view...
Payments in the Arena: Prepaid Can Move Into the Starting Lineup as Cash Gets Cut
Sports and entertainment thrive on fan loyalty but have yet to translate that dedication into long-term, connected share of wallet once fans are inside the turnstiles. Prepaid stor...
Make informed decisions in a digital financial world