The growth in demand for prepaid cards is also driven by the increasing popularity of prepaid gift cards, which are replacing conventional gift vouchers, providing consumers with tremendous flexibility and convenience in their operation. Prepaid travel cards are also witnessing increasing popularity as a safe and convenient alternative to travel checks.
Governments across the globe are focusing on disbursing wages, distributing benefits and making other payments through prepaid cards.
As stated by the new market research report on Prepaid Cards, the United States represents the largest market worldwide with its dominance supported by the significant adoption of gift cards,
reward cards, travel cards and general purpose reloadable cards in major sectors such as government, enterprise, healthcare, transportation and marketing