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Prepaid Card Transactions To Reach Nearly $400 Billion By 2022

Video Credit: Wochit Business - Duration: 00:44s - Published < > Embed
Prepaid Card Transactions To Reach Nearly $400 Billion By 2022

Prepaid Card Transactions To Reach Nearly $400 Billion By 2022

According to Business Insider, prepaid card transactions will hit $396 billion by 2022.

The market is currently becoming more competitive as tech companies like Apple, Square and Venmo develop their own prepaid offerings.

Companies are said to be attracting bigger bases by targeting younger users from both low-income and high-income segments.

However, as a result, the US prepaid card market is becoming an increasingly complicated space for issuers to navigate.

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Prepaid Card Transactions To Reach Nearly $400 Billion By 2022

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MONDAY, MARCH 7, 2016, FILE PHOTO




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