The Global Prepaid Card Market size was valued at USD 2.01 trillion in 2019 and is predicted to reach USD 18.47 trillion by 2030, with a CAGR of 22.5% from 2020-2030. The global prepaid card market is on a strong growth momentum, owing to the growing demand for digital payments and a proliferating e-commerce sector, higher adoption of AI and IoT technologies, as well as a need to bring unbanked and underbanked population, specifically in underdeveloped and developing countries into the digital fold. Further big technology companies like Ant Financial, Tencent, Apple, and Google have entered the market, and so have neobanks with niche offering creating an increasingly competitive environment. FSS examines the top trends that would shape the prepaid market.
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