Prepaid providers should be evaluating their businesses and looking for ways to move as many costs as possible to variable. Opportunities in the prepaid market shift with economic and regulatory changes causing segments to shift in volume from year to year.
BOSTON (PRWEB) September 20, 2018
In a new research report titled 15th Annual U.S. Open-Loop Prepaid Cards Market Forecasts, 2018–2021, Mercator Advisory Group provides an analysis of the growth and developments of the prepaid cards industry through 2021. The report examines loads, growth potential, and market dynamics in the United States across all open-loop prepaid segments.
This report reviews and forecasts load dollar volume for open-loop segments. This forecast highlights the segments approaching market saturation as well as those that will continue to experience double-digit annual growth. As the report’s author points out, the economy, politics, and consumer behavior will all influence which segments grow and which decline.
"Prepaid providers should be evaluating their businesses and looking for ways to move as many costs as possible to variable," C. Sue Brown, director of Mercator Advisory Group's Prepaid Advisory Service, and author of the report, comments. “Opportunities in the prepaid market shift with economic and regulatory changes causing segments to shift in volume from year to year. Because of these shifts, successful program managers will seek to achieve a variable cost structure to take advantage of the ups and the downs. They should also explore new technologies such as the Internet of Things, and new use cases such as corporate disbursements, small business GPR cards, or insurance and health care claims which may provide growth markets in the years to come.”
Highlights of the report include:
- Growth returned to the Money/Financial Services segment after a slow down in 2016.
- Health Savings Accounts (HSAs) are up consecutive years with double-digit growth
- The payroll segment is forecasted to have an 8% cumulative annual growth rate (CAGR) through 2021.
- The Unemployment and TANF segments declined nearly double digits: -9% and-11% CAGRs, respectively.
This research report is 30 pages long.
Companies mentioned in this report include: Allstate, American Express, Devinir, Discover, Enservio, Farmers Insurance, Green Dot, H&R Block, InsurCard, Liberty Mutual, Mastercard, Nationwide, Netspend, PayPal, Safe Auto, State Farm, TSYS, Venmo, Visa, Walmart, and Wirecard.
Members of Mercator Advisory Group's Prepaid Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.