Top Players in the Global Prepaid Cards Industry

Jun 22, 2022

Top Players in the Global Prepaid Cards Industry

The global prepaid cards market is expected to grow at a CAGR of 19.19% during 2022-2027. Prepaid cards are payment cards that are used as an alternative to cash payments. They consist of previously deposited funds that anyone can use, irrespective of their credit rating, income, or status. Prepaid cards do not need users to have their bank account linked to them, making it a convenient option without dealing with any financial institutions. As a result, these cards are increasingly accepted in restaurants, stores, vending machines, buses, and other forms of public transportation.

As per the analysis by IMARC Group, the top prepaid cards companies are integrating the latest technologies with prepaid cards to facilitate contactless prepaid transit in a seamless manner. They also offer loyalty programs and reward schemes with prepaid cards that motivate the customers to gravitate toward cashless payments. Moreover, several financial institutions are introducing prepaid cards as they offer security, versatility, theft protection, and the ability to perform online transactions and direct deposits.

Prepaid Cards Manufacturing Companies

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Top Manufacturing Companies in the Prepaid Cards Industry:

American Express Company

Establishment: 1850
Headquarters: New York, United States
Website: https://about.americanexpress.com/

American Express Company is a global travel, financial, and network services provider. It has grown to be a Fortune 500 company since its inception. The company provides individuals with charge and credit cards, traveler’s cheques, and other stored-value products. It is the world’s largest charge card issuer, the world’s largest travel company and the world’s largest traveler’s cheques issuer. It also offers financial planning, brokerage services, mutual funds, insurance and other investment products.

Banco Bilbao Vizcaya Argentaria S.A.

Establishment: 1999
Headquarters: Bilbao, Spain
Website: https://www.bbva.com/

BBVA is a Spanish multinational financial services company, which is the second-largest bank in Spain, listed on the Madrid Stock Exchange as well as the New York Stock Exchange. BBVA attracts deposits and offers retail, wholesale, and investment banking services. It also offers consumers mortgage loans, private banking, asset management, insurance, mutual funds, and securities brokerage services.

Green Dot Corporation

Establishment: 1999
Headquarters: Texas, United States
Website: https://www.greendot.com/

The Green Dot Corporation is an American financial technology and bank holding company. It is one of the largest prepaid debit card companies by market capitalization. It is also a payment platform company and technology platform used by Apple Pay Cash, Uber, and Intuit. The company is an issuer of prepaid MasterCard and Visa cards that are available at nearly 100,000 retail stores such as CVS, Rite Aid, Walgreens, Dollar Tree, and Walmart.

H&R Block Inc.

Establishment: 1955
Headquarters: Kansas, United States
Website: https://www.hrblock.com/

H&R Block Inc. is an American tax preparation company operating across Canada, the United States, and Australia. Currently, it is operating around 12,000 retail tax offices staffed by tax professionals worldwide. The company also offers payroll, and business consulting services, consumer tax software, and online tax preparation or electronic filing from the website.

Mango Financial Inc.

Establishment: 1981
Headquarters: New York, United States
Website: https://www.mangomoney.com/

Mango Financial, Inc. is an innovative consumer financial services company that aims to empower underserved customers in the United States to achieve their financial goals. It is developing a world-class retail experience and a suite of financial products designed to achieve a level of integration unmatched in the industry today. The company is offering prepaid cards to people who do not have a bank account but want the convenience of being able to pay with a card.

Master Card Incorporated

Establishment: 1966
Headquarters: New York, United States
Website: https://www.mastercard.us/en-s.html

Master Card Incorporated is a multinational financial services corporation. The leading global payments and technology company connects consumers, businesses, merchants, issuers, and governments around the world. Its principal business is to process payments between banks of merchants and the card-issuing banks or credit unions of the purchasers who use Mastercard brand debit, credit, and prepaid cards to make purchases.

Global Payment Inc. (Netspend Corporation)

Establishment: 1999
Headquarters: Texas, United States
Website: https://www.netspend.com/

Global Payment Inc. is a leading provider of payments and financial solutions for consumers and businesses. It functions as a trusted partner to many of world’s most recognized brands, connecting people and payment products with innovative financial solutions for everyone. The company’s open technology platform enables businesses to quickly and securely include payment solutions into their ecosystems, and seamlessly bring innovation to market.

PayPal Holdings Inc.

Establishment: 1998
Headquarters: California, United States
Website: https://www.paypal.com/

PayPal Holdings Inc. is a multinational financial technology company that is operating an online payment system. It supports online money transfers and serves as an electronic alternative to traditional paper methods such as cheques and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users. It has ranked 134th on the 2021 Fortune 500 of the largest United States corporation by revenue.

The Brink’s Company

Establishment: 1859
Headquarters: Virginia, United States
Website: https://us.brinks.com/

The Brink’s Company is the global leader in total cash management, route-based secure logistics and payment solutions, including cash-in-transit, ATM services, cash management services (vault outsourcing, money processing, and intelligent safe services), and international transportation of valuables. Its customers include financial institutions, retailers, government agencies, mints, jewellery, and other commercial operations around the world. The company’s strong market position is supported by a leadership team with a proven track record of success, a long-term strategy to drive growth, and the financial strength to continue to capture market share.

The Western Union Company

Establishment: 1851
Headquarters: New York, United States
Website: https://corporate.westernunion.com/

The Western Union Company is a global leader in cross-border, cross-currency money movement. It helps people and businesses to send and receive money from small businesses and global corporations to families near and far away and to NGOs in the most remote communities on Earth. The company also continues to innovate and develop new ways to send money through digital, mobile, and retail channels, with an array of convenient pay-out options to meet business and consumer needs.

Visa Inc.

Establishment: 1958
Headquarters: California, United States
Website: https://usa.visa.com/

Visa Inc. is a world leader in digital payment, which facilitates transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Its network of networks approach creates opportunities to enable digital payments for consumers, businesses, and governments around the world, thus facilitating P2P, B2C, G2C, and B2B payments.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects in the global prepaid cards industry and regional India, Japan, China, Indonesia,  which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

  • Market Research
  • Plant setup
  • Plant Expansion
  • Marketing and sales
  • Procurement and Distribution
  • Innovation and Product Development

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