Japan Prepaid Cards Market to Reach US$ 231.5% Billion by 2027, Stimulated by Burgeoning E-Commerce Sector

January 03, 2020

According to the latest report by IMARC Group, titled “Japan Prepaid Cards Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Japan prepaid cards market reached a value of US$ 76.4 Billion in 2021. Prepaid cards are payment cards that are not linked with a bank account. The user generally deposits a cash balance in advance to utilize it as an alternative to cash payment. While most of the prepaid cards are reloadable and can be replenished with funds repeatedly, some of them are non-reloadable, such as gift cards, owing to which the user cannot spend more money than the amount that has been loaded onto the card. They make card-based purchases easier without the inconvenience of dealing with a financial institution. They also offer other advantages, such as security, versatility, direct deposit, online shopping, theft protection, and requirement of no credit history or interest rates. As a result, these cards are rapidly gaining traction all across Japan.

Japan Prepaid Cards Market Trends:

At present, Japan’s e-commerce sector is the fourth largest across the globe and is growing at a fast pace. This is resulting in an increasing number of consumers who are making online purchases using prepaid cards. In line with this, modern retail facilities, such as convenience stores, and hypermarkets and supermarkets, are providing various loyalty programs and reward schemes to consumers with prepaid cards to promote cashless payment in the country. Furthermore, transit agencies in the country are moving away from cash-based fare collection systems to contactless smart card-based systems to minimize the cost of fare collection and offer convenience to consumers. Consequently, they are accepting contactless bank cards at points of entry as a replacement for the current system. Besides this, prepaid cards are also being used in stores, restaurants, vending machines, buses and other forms of public transport. Owing to these factors, the market value is projected to reach US$ 231.5% Billion by 2027, expanding at a CAGR of 20.1% during the forecast period (2022-2027).

Market Summary:

  • Based on the card type, the market has been bifurcated into closed-loop and open-loop cards. At present, closed-loop cards represent the most commonly utilized card types.
  • On the basis of the purpose, the market has been segmented into travel, general-purpose reloadable (GPR), gift, gaming and other cards. general-purpose reloadable (GPR) account for the majority of the total market share.
  • The market has been analyzed on the basis of the vertical into retail, government, corporate/organization and others. The retail sector currently exhibits a clear dominance in the market.
  • Region-wise, Kanto enjoys the leading position in the market. Other major regions include Kinki, Central/Chubu, Kyushu-Okinawa, Tohoku, Chugoku, Hokkaido and Shikoku.
  • The competitive landscape of the market has been examined, with some of the key players being Rakuten Edy, Inc., Quo Card Co. Ltd., PASMO Association, Aeon Credit Service Co. Ltd., East Japan Railway Corp., West Japan Railway Company, Seven & I Holdings Co. Ltd. and Nippon Tosho Fukyu Co Ltd.


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
Email: sales@imarcgroup.com
Phone No: (D) +91 120 433 0800 | www.imarcgroup.com 
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331

Japan Prepaid Cards Market to Reach US$ 231.5% Billion by 2027, Stimulated by Burgeoning E-Commerce Sector
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More