2014-18 Market recorded 37.4% CAGR

India’s prepaid card market in value terms is expected to record a CAGR of 35.6%, increasing from US$38.7 billion in 2019 to reach US$130.7 billion by 2023, according to a ResearchAndMarkets report.

It increased at a CAGR of 37.4% during 2014-2018, according to the “India Prepaid Cards Business and Investment Opportunities – Market Size and Forecast (2014-2023), Consumer Attitude & Behaviour, Retail Spend, Market Risk – Updated in Q3, 2019”, report released 17 Dec 2019.

The report details market opportunities across 75+ market segments in prepaid cards and identifies potential risks.

The report provides trend analysis (market size and forecast) of prepaid (pay before) cards, offering a wealth of insights to help companies understand this growing but quickly changing market

It provides a comprehensive view on size and structure, industry dynamics, market trends, consumer attitude and behaviour, and competitive landscape in prepaid card industry in India.

Companies in the market include Delhi Metro Rail Corp Ltd, ICICI Bank Ltd, Axis Bank Ltd, SBI Cards & Payment Services Ltd, IDBI Bank Ltd, ItzCash, Citigroup Inc, HDFC Bank Ltd, Visa Inc, MasterCard, American Express Co, SBI Cards & Payment, National Highway Authority of India, Bharat Petroleum Corp Ltd and Bangalore Metro Rail. fiinews.com