India’s prepaid card market will reach over $375 billion

Dublin, April 06, 2022 (GLOBE NEWSWIRE) — The report “Indian Prepaid Cards Market (2022-2027) by Services, Card Type, End User, Competitive Analysis and Covid-19 Impact with Ansoff Analysis” has been added. for from ResearchAndMarkets.com offer.

India Prepaid Cards Market is estimated to be worth USD 149.85 billion in 2022 and is projected to reach USD 375.21 billion by 2027, growing at a CAGR of 20.15%.

Market segmentation

  • The Indian prepaid card market is segmented on the basis of services, card type and end user.
  • Services, the market is categorized into reloadable general purpose cards, gift cards, government benefit/disbursement cards, incentive/payroll cards and others.
  • Card type, the market is categorized into closed loop prepaid card and open loop prepaid card.
  • End-user, the market is categorized into retail establishments, enterprises, government/public sector, financial institutions, and others.

Company Profiles

The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies. Some of the companies covered in this report are – American Express Company, Brink’s Incorporated, Total System Services, Inc, Travelex Group Limited, Visa, Inc., RuPay, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the Indian prepaid card market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the Indian prepaid card market using the Ansoff matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the Indian prepaid card market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.
  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.
  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive summary
3.1 Presentation
3.2 Market Size, Segmentations and Outlook

4 Market dynamics
4.1 Drivers
4.1.1 Growing Adoption of Prepaid Cards Among Millennials and Contract Workers
4.1.2 Rise in demand for cash alternatives
4.1.3 Increased awareness and ease of access to prepaid cards
4.1.4 Large Number of Internet Users and E-Commerce Industry Boom
4.2 Constraints
4.2.1 Strict assessment by banks before issuing prepaid cards
4.3 Opportunities
4.3.1 Growth of unbanked and underbanked population
4.3.2 Increase in virtual prepaid cards
4.3.3 White Label Prepaid Solutions as a Booming Service
4.4 Challenges
4.4.1 Concern over fraudulent attacks

5 Market Analysis
5.1 Regulatory scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff matrix analysis

6 India Prepaid Card Market, by Services
6.1 Presentation
6.2 Reloadable card for general use
6.3 Gift cards
6.4 Government Benefit/Disbursement Card
6.5 Incentive/Pay Card
6.6 Others

7 India Prepaid Card Market, By Card Type
7.1 Presentation
7.2 Closed loop prepaid card
7.3 Open loop prepaid card

8 India Prepaid Card Market, By End User
8.1 Presentation
8.2 Retail Establishments
8.3 Company
8.4 Government/public sector
8.5 Financial institutions
8.6 Others

9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 Mergers and Acquisitions and Investments
9.3.2 Partnerships and collaborations
9.3.3 Product developments and improvements

10 company profiles

  • American Express Company
  • Brink’s Incorporated
  • Edenred SA
  • MasterCard
  • PayPal Holdings, Inc.
  • Total System Services, Inc.
  • Travelex Group Limited
  • Visa, Inc.
  • RuPay

For more information about this report visit https://www.researchandmarkets.com/r/8m9h23

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  • Indian prepaid card market


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