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Prepaid Card Market- By Card Type (Single-Purpose and Multi-Purpose), By Usage (General-Purpose Reloadable (Gpr) Card, Gift Card, Government Benefits Card, Incentive Card, and Others), By Industry Vertical (Retail Establishments, Corporate Institutions, Government, and Financial Institutions & Others), By Channel (Online Retail Stores, Bricks & Mortar Stores, Fintech Companies, and Others), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Prepaid Card Market accounted USD 2137.07 billion in 2020 and will register to grow at a CAGR of 14.5% during the forecast timeframe.The funds are connected directly to a card without any link through the bank account by using prepaid card. These payment cards are reloadable cards with money at pay points by customer and will allow access only that reloadable amount on card. These cards have no interest rates applied and mostly used for retailer stores, e-commerce, and others. Prepaid cards can be easily accessed by swiping them without any picture ID and PIN number. N..
Gift Card Market - By Type (Open Loop, Closed Loop and E-Gifting), By Industry Vertical (Retail and Corporate Institutions), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Gift Card is the mode of transfer in the form of gift or salary or incentives. This trend of transfer is utilized by employees, corporate bodies, and people from many other areas in the form of prepaid gift cards, gift vouchers for various beneficial reasons. This market for the corporate institution's segment is supposed to witness the highest growth rate during the forecast period. Christmas, birthdays, thank you gift, graduation, baby shower and mother's day are some other popular occasions for which consumers are increasingly buying it. Open-loop gift cards grow..
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