The research anticipates a substantial growth of 75%
Value of transactions made over prepaid cards to exceed $4.1 trillion over 5 years. Source: pexels.com
According to Juniper Research, the value of transactions made over prepaid cards will exceed $4.1 trillion globally in 2026, up from $2.3 trillion in 2021.
In fact, prepaid card transaction value will be just over 50% higher than that forecast for contactless payment transactions by 2026, illustrating the importance of this market.
Interestingly, the growth in prepaid cards will be driven by the ongoing replacement of cash, as economies move increasingly towards digital payments.
The research identified prepaid cards as being critical to ensuring that the unbanked are included in the rush for digital payments.
Besides, the growth of the prepaid market will present a significant revenue opportunity for prepaid card platforms, with fee revenue reaching over $32 billion globally in 2026, from $22 billion in 2021.
We’ve reported that US-based fintech announced the launch of digital wallet.
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