2025 Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Report
The 'Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update' report has been added to ResearchAndMarkets.com's offering.
The global prepaid card and digital wallet market is expected to grow by 11.3% on annual basis to reach US$ 2.13 trillion in 2025. The global prepaid card and digital wallet market has experienced robust growth during 2020-2024, achieving a CAGR of 13.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 9.1% during 2025-2029. By the end of 2029, the prepaid card and digital wallet market is projected to expand from its 2024 value of US$ 1.92 trillion to approximately US$ 3.02 trillion.
The prepaid card market is undergoing significant transformations across different regions, driven by country-specific trends and evolving consumer behaviors. China's deepening integration of prepaid cards with digital wallets, India's use of prepaid solutions for government disbursements, and the United States' increasing reliance on prepaid travel cards highlight the diverse applications of these financial instruments. These trends reflect the broader movement towards cashless transactions, financial inclusion, and enhanced payment security.
Over the next few years, the global prepaid card market is expected to expand further, fueled by technological innovations, regulatory support, and increased adoption by businesses and governments. Countries such as South Korea and Brazil are seeing prepaid card solutions becoming embedded in mobile payments and e-commerce, setting the stage for continued growth. As competition intensifies and financial institutions enhance their offerings, prepaid cards will be more integral in the digital payment ecosystem worldwide.
Competitive Landscape of the Global Prepaid Card Market
The prepaid card market is changing significantly, with global demand rising across different sectors and regions. Established financial institutions, fintech firms, and technology companies actively compete to introduce innovative prepaid solutions, making the market highly dynamic. As regulatory frameworks evolve and consumer adoption increases, prepaid cards will continue to play a central role in the digital payment ecosystem.
To remain competitive over the next few years, businesses and financial service providers must adapt to changing consumer expectations, regulatory requirements, and technological advancements. With the growing emphasis on security, convenience, and financial inclusion, the global prepaid card market is set for sustained expansion, presenting opportunities for market participants to innovate and scale their operations.
Expansion of Digital Payment Ecosystems in China
Adoption of Prepaid Cards for Government Disbursements in India
Growth of Prepaid Travel Cards in the United States
Integration of Prepaid Cards with Mobile Payment Systems in South Korea
Rising Use of Prepaid Cards for E-commerce in Brazil
Key Players and Market Share
Recent Launches and Partnerships
Prepaid Card Market Analysis
Digital Wallet Market Insights
Virtual Prepaid Card Market Segmentation
Key Attributes:
For more information about this report visit https://www.researchandmarkets.com/r/ikzr92
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250723130194/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: FINANCE BANKING PAYMENTS PROFESSIONAL SERVICES TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2025.
PUB: 07/23/2025 10:11 AM/DISC: 07/23/2025 10:11 AM
http://www.businesswire.com/news/home/20250723130194/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
11 minutes ago
- CBS News
Canadian trade minister says "we're prepared to stick around and do the work needed" after U.S. imposed 35% tariff on goods
Canada-U.S. Trade Minister Dominic LeBlanc said Sunday that "we're prepared to stick around and do the work needed" despite having left Washington without a new trade deal amid increased tariffs from President Trump. "We believe there's a great deal of common ground between the United States and Canada in terms of building two strong economies that work well together," LeBlanc said on "Face the Nation with Margaret Brennan." The White House announced last week that duties would jump from 25% to 35% on Canadian goods not covered under the Canada-United States-Mexico Agreement, claiming that the U.S.' second-largest trading partner hasn't done enough to address immigration and the flow of fentanyl into the U.S. LeBlanc said that while "we were obviously disappointed by that decision," negotiators would "continue to do the work." LeBlanc said his team left with "a better understanding of the American concerns in the trading relationship" and characterizing the meetings with U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick as "constructive, cordial conversations." "We're encouraged by the conversations with Secretary Lutnick and Ambassador Greer, but we're not yet where we need to go to get the deal that's in the best interest of the two economies," LeBlanc said. Mr. Trump announced higher tariffs against more than 60 U.S. trading partners late last week. But Canada is the largest American trading partner included, being the world's largest buyer of American goods and the third-largest seller of goods to the U.S. last year, according to Census Bureau data. The country bought some $350 billion worth of American goods and sold $412 billion to the U.S. market in 2024. In an interview for "Face the Nation" on Friday, Greer cited Canada's retaliatory tariffs imposed earlier this year under former Prime Minister Justin Trudeau for the increase, saying, "if the president's going to take an action and the Canadians retaliate, the United States needs to maintain the integrity of our action, the effectiveness, so we have to go up too." "Our view is the president is trying to fix the terms of trade with Canada, and if there's a way to a deal, we'll find it," Greer said. "And if it's not, we'll have the tariff levels that we have." In a statement released Friday, Canadian Prime Minister Mark Carney said he was "disappointed" by Mr. Trump's actions. He noted that "Canada accounts for only 1% of U.S. fentanyl imports and has been working intensively to further reduce these volumes." On Sunday, LeBlanc said he expects Carney will have a conversation with Mr. Trump "over the next number of days," while noting that the Canadian prime minister has "built a very business-like, respectful relationship with President Trump." "We understand and respect totally the president's view in terms of the national security interests. In fact, we share it," LeBlanc said. "And what we've said to our American counterparts is, how can we structure the right agreement where we can both continue to supply one another in a reliable, cost effective way that preserves jobs essential to the American economy? But the same thing is true, obviously in Canada as well." The U.S.-Canada relationship has been strained since Mr. Trump came into office in January and repeatedly suggested that Canada could become the "51st state." Carney emphatically denied this in an Oval Office meeting with Mr. Trump in May, saying Canada is "not for sale."
Yahoo
2 hours ago
- Yahoo
OPEC+ agrees to hike oil production amid threat to Russian supply
Members of the oil producers' group OPEC+ agreed to raise production as concerns grow over possible disruptions to Russian supply. The group has been hiking production since April in a bid to cushion the market against geopolitical tensions, and the decision to increase oil output by 547,000 barrels per day would fully reverse a 2023 2.2 million-barrel cutback aimed at shoring up prices. The move comes after US President Donald Trump threatened to put tariffs on buyers of Russian oil, which could drive up crude prices and severely impact India and China, Moscow's biggest customers. Some Indian refiners have already reportedly stopped buying Russian oil, turning to Middle East and West African suppliers instead. — J.D. Capelouto Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
2 hours ago
- Forbes
Hong Kong Court Freezes $1.8 Billion In Wahaha Inheritance Battle
The Hong Kong High Court has frozen a $1.8 billion bank account at the center of a legal battle over the inheritance of Chinese beverage billionaire Zong Qinghou's fortune, the government-published China Daily reported today. The judgment by Deputy High Court Judge Gary Lam Chin-ching announced on Friday prohibits Kelly Zong, his daughter by marriage also known as Zong Fuli, from "withdrawing or encumbering" any asset from a HSBC account owned by Jian Hao Ventures Ltd., a British Virgin Island company incorporated by her father, pending the conclusion of a parallel lawsuit in Hangzhou or until further court orders, the China Daily said. (See report here.) Kelly Zong, Wahaha's current CEO, is the defendant and has succeeded her father as Jian Hao's sole director; she is being sued by three reported extramarital children: Jacky Zong, Jessie Zong Jieli and Jerry Zong Jisheng. The trio allege that Kelly Zong breached an agreement to set up offshore trusts worth $2.1 billion after Zong Qinghou died last year, and sought a court order banning Kelly Zong from selling or transferring assets held in the now-frozen account, China Daily said. Kelly Zong, a graduate of Pepperdine University in California, ranked No. 9 on a list of China's top businesswomen published by Forbes China earlier this year. Zong Qinghou founded China's beverage giant Hangzhou Wahaha Group in 1987, and went on become the country's richest person over the course of his career.
