Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

India Prepaid Cards Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Outlook 2021-2026:

The India prepaid cards market reached a value of US$ 63 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 35.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

The monetary value of prepaid card is stored in itself, so these cards do not require opening of a direct deposit or lending account with a bank. Some prepaid cards are not reloadable, i.e. gift cards, and such cards are disposed after their virtual amount is entirely used. On the other hand, reloadable prepaid cards can be replenished with funds repeatedly. Prepaid cards can be obtained online as well as from retailers including supermarkets, gas stations, office supply stores and drug stores.

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Market Trends:

A prepaid card is a convenient mode of payment, and it requires very little time or cost to get one. Prepaid cards, in addition, to be an alternative to cash, offer security and greater ease of transaction to consumers. Owing to the increasing penetration of smartphones and internet, India has witnessed significant growth in the e-commerce industry in the last decade, which has catalyzed the growth of online payments using prepaid cards. The growth has also been driven by demonetization and the government’s encouragement towards cashless economy. In addition to this, increasing number of organized retailers has also contributed to the growth of the prepaid cards market in India.

IMARC Group’s latest report provides a deep insight into the India prepaid cards market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the India prepaid cards market in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India prepaid cards market report, along with forecasts for growth at the country and regional level from 2021-2026. Our report has categorized the market based on card type, purpose and vertical.

Breakup by Card Type

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Closed Loop Cards
  • Open Loop Cards
     

Breakup by Purpose

  • Payroll/ Incentive Cards
  • Travel Cards
  • General Purpose Reloadable (GPR) Cards
  • Remittance Cards
  • Others
     

Breakup by Vertical

  • Corporate/Organization
  • Retail
  • Government
  • Others
     

Breakup by Region

  • West and Central India
  • South India
  • North India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key player being Axis Bank, Itz Cash, ICICI Bank, SBI, HDFC, PNB, Yes Bank, Sodexo, Kotak Mahindra Bank, Oxyigen, Hermes, India Transact Services and Western Union.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Card Type, Purpose, Vertical, Region
Region Covered  West and Central India, South India, North India, East India
Companies Covered Axis Bank, Itz Cash, ICICI Bank, SBI, HDFC, PNB, Yes Bank, Sodexo, Kotak Mahindra Bank, Oxyigen, Hermes, India Transact Services and Western Union
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Prepaid Cards Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Card Type
    5.5    Market Breakup by Purpose
    5.6    Market Breakup by Vertical
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Key Success and Risk Factors
6    Market Breakup by Card Type
    6.1    Open Loop Cards
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Closed Loop Cards
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by Purpose
    7.1    Payroll/Incentive Cards
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Travel cards
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    General Purpose Reloadable (GPR) Cards
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Remittance Cards
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Vertical
    8.1    Corporate/Organization
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Retail
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Government
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Others
        8.4.1    Market Trends
        8.4.2    Market Forecast
9    Market Breakup by Region
    9.1    West and Central India
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    South India
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    North India
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    East India
        9.4.1    Market Trends
        9.4.2    Market Forecast
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    Axis Bank
        10.3.2    Itz Cash
        10.3.3    ICICI Bank
        10.3.4    SBI
        10.3.5    HDFC
        10.3.6    PNB
        10.3.7    Yes Bank
        10.3.8    Sodexo
        10.3.9    Kotak Mahindra Bank
        10.3.10    Oxyigen
        10.3.11    Hermes
        10.3.12    India Transact Services
        10.3.13    Western Union

List of Figures

Figure 1: India: Prepaid Cards Market: Major Drivers and Challenges
Figure 2: India: Prepaid Cards Market: Value Trends (in Billion US$), 2015-2020
Figure 3: India: Prepaid Cards Market: Breakup by Card Type (in %), 2020
Figure 4: India: Prepaid Cards Market: Breakup by Purpose (in %), 2020
Figure 5: India: Prepaid Cards Market: Breakup by Vertical (in %), 2020
Figure 6: India: Prepaid Cards Market: Breakup by Region (in %), 2020
Figure 7: India: Prepaid Cards Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 8: India: Prepaid Cards Industry: SWOT Analysis
Figure 9: India: Prepaid Cards Industry: Value Chain Analysis
Figure 10: India: Prepaid Cards Industry: Porter’s Five Forces Analysis
Figure 11: India: Prepaid Cards Market (Open Loop Cards): Value Trends (in Billion US$), 2015 & 2020
Figure 12: India: Prepaid Cards Market Forecast (Open Loop Cards): Value Trends (in Billion US$), 2021-2026
Figure 13: India: Prepaid Cards Market (Closed Loop Cards): Value Trends (in Billion US$), 2015 & 2020
Figure 14: India: Prepaid Cards Market Forecast (Closed Loop Cards): Value Trends (in Billion US$), 2021-2026
Figure 15: India: Prepaid Cards Market (Payroll/Incentive Cards): Value Trends (in Billion US$), 2015 & 2020
Figure 16: India: Prepaid Cards Market Forecast (Payroll/Incentive Cards): Value Trends (in Billion US$), 2021-2026
Figure 17: India: Prepaid Cards Market (Travel Cards): Value Trends (in Billion US$), 2015 & 2020
Figure 18: India: Prepaid Cards Market Forecast (Travel Cards): Value Trends (in Billion US$), 2021-2026
Figure 19: India: Prepaid Cards Market (General Purpose Reloadable- GPR Cards): Value Trends (in Billion US$), 2015 & 2020
Figure 20: India: Prepaid Cards Market Forecast (General Purpose Reloadable- GPR Cards): Value Trends (in Billion US$), 2021-2026
Figure 21: India: Prepaid Cards Market (Remittance Cards): Value Trends (in Billion US$), 2015 & 2020
Figure 22: India: Prepaid Cards Market Forecast (Remittance Cards): Value Trends (in Billion US$), 2021-2026
Figure 23: India: Prepaid Cards Market (Other Purpose Cards): Value Trends (in Billion US$), 2015 & 2020
Figure 24: India: Prepaid Cards Market Forecast (Other Purpose Cards): Value Trends (in Billion US$), 2021-2026
Figure 25: India: Prepaid Cards Market (Corporate/Organization): Value Trends (in Billion US$), 2015 & 2020
Figure 26: India: Prepaid Cards Market Forecast (Corporate/Organization): Value Trends (in Billion US$), 2021-2026
Figure 27: India: Prepaid Cards Market (Retail): Value Trends (in Billion US$), 2015 & 2020
Figure 28: India: Prepaid Cards Market Forecast (Retail): Value Trends (in Billion US$), 2021-2026
Figure 29: India: Prepaid Cards Market (Government): Value Trends (in Billion US$), 2015 & 2020
Figure 30: India: Prepaid Cards Market Forecast (Government): Value Trends (in Billion US$), 2021-2026
Figure 31: India: Prepaid Cards Market (Others): Value Trends (in Billion US$), 2015 & 2020
Figure 32: India: Prepaid Cards Market Forecast (Others): Value Trends (in Billion US$), 2021-2026
Figure 33: West and Central India: Prepaid Cards Market: Value Trends (in Billion US$), 2015 & 2020
Figure 34: West and Central India: Prepaid Cards Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 35: South India: Prepaid Cards Market: Value Trends (in Billion US$), 2015 & 2020
Figure 36: South India: Prepaid Cards Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 37: North India: Prepaid Cards Market: Value Trends (in Billion US$), 2015 & 2020
Figure 38: North India: Prepaid Cards Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 39: East India: Prepaid Cards Market: Value Trends (in Billion US$), 2015 & 2020
Figure 40: East India: Prepaid Cards Market Forecast: Value Trends (in Billion US$), 2021-2026

List of Tables

Table 1: India: Prepaid Cards Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Prepaid Cards Market Forecast: Breakup by Card Type (in Billion US$), 2021-2026
Table 3: India: Prepaid Cards Market Forecast: Breakup by Purpose (in Billion US$), 2021-2026
Table 4: India: Prepaid Cards Market Forecast: Breakup by Vertical (in Billion US$), 2021-2026
Table 5: India: Prepaid Cards Market Forecast: Breakup by Region (in Billion US$), 2021-2026
Table 6: India: Prepaid Cards Market Structure
Table 7: India: Prepaid Cards Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Question Answered in this Report

We expect the India prepaid cards market to exhibit a CAGR of 35.2% during 2021-2026.

The expanding use of prepaid cards as a cost-effective and secured alternative to cash owing to its convenient mode of payment and greater ease of transaction, represents one of the factors catalyzing the India prepaid cards market.

Sudden outbreak of the COVID-19 pandemic had led to a growing shift from cash-based transactions towards prepaid cards that are connected via WiFi or NFC technologies for interaction-free transactions to mitigate the spread of coronavirus infection. 

Based on the card type, the India prepaid cards market can be bifurcated into closed loop cards and open loop cards, where open loop cards currently hold the majority of the total market share.

Based on the purpose, the India prepaid cards market has been divided into payroll/ incentive cards, travel cards, general purpose reloadable (GPR) cards, remittance cards, and others. Among these, payroll/ incentive cards represent the largest segment.

Based on the vertical, the India prepaid cards market can be segmented into corporate/organization, retail, government, and others. Currently, the corporate/organization sector accounts for majority of the market share.

On a regional level, the market has been classified into West and Central India, South India, North India, and East India, where West and Central India dominates the India prepaid cards market.

Some of the major players in the India prepaid cards market include Axis Bank, Itz Cash, ICICI Bank, SBI, HDFC, PNB, Yes Bank, Sodexo, Kotak Mahindra Bank, Oxyigen, Hermes, India Transact Services and Western Union.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 1999

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links