Commercial Prepaid North America Market Review and Forecast, 2018-2023
Mercator Advisory Group has been covering the U.S. prepaid market since 2004. The market includes both personal and business uses. Commercial prepaid cards are a subset of this broader space. Commercial prepaid products are typically distributed through a corporate or a business banking arm of a commercial bank rather than a retail or wealth management business unit. In effect, a business or government entity is providing this particular payment product as a service for employees, citizens, business partners or consumers (as in the case of incentives).
In a new research report, Commercial Prepaid North America: Market Review and Forecast, 2018-2023, we review commercial prepaid cards across all product types, systems, and business sectors which account for about $1.5 trillion of business spending in certain portions of business-to-business (B2B) spend. Mercator Advisory Group analyzes the detailed categories and segments of prepaid card spending loads. In this research report, we also provide updated trends and forecasts through 2023 in the U.S. market and for the first time also add our high-level views on the commercial prepaid market in Canada.
"Of the 16 segments associated with commercial prepaid spending loads in the U.S. market, we expect continued growth in almost all of them during the next few years, commented Steve Murphy, Director of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service and co-author of the report. "The exceptions are those few segments related to improved personal income reducing the government program sizes, but of course this is a fluid situation and things can change."
Companies mentioned in this report include: Blackhawk, Capgemini, ChexSystems, Chime, Green Dot, Early Warning, Monzo, Netspend, and TeleCheck.