India Prepaid Cards Market Research Report and Forecast 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
India Prepaid Cards Market Outlook 2027: As per the latest report by IMARC Group, titled “ India Prepaid Cards Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” the India prepaid cards market size reached US$ 86.6 Billion in 2021. A prepaid card is a payment card with previously deposited funds that can be used as an alternative to cash payment. These cards do not require any bank account linked to them as they can be used by anyone, irrespective of their credit rating, income, or status, making card-based purchases easier without the inconvenience of dealing with a financial institution. They also offer other advantages, such as security, versatility, theft protection, and the ability to perform online transactions and direct deposits. Owing to such benefits, prepaid cards have rapidly gained traction in India. Request for a free sample: https://www.imarcgroup.com/india-prepaid-cards-market/requestsample
Report Description and Highlights
Report Description
India Prepaid Cards Market Trends: The emerging e-commerce industry is one of the primary factors driving the market growth across the country. At present, more people are paying through prepaid cards as they are a convenient mode of payment and require very little time or cost to acquire. In addition, the increasing penetration of smartphones and the internet has increased the number of online payments using prepaid cards. Besides this, the market is also driven by demonetization and the government’s encouragement toward a cashless economy. Moreover, the increasing number of organized retailers is also creating a positive market outlook across the country. Furthermore, prepaid cards are also being used in restaurants, stores, vending machines, buses and other forms of public transport.
Report Description and Highlights Report Description Market Summary: Breakup by Card Type: • Closed Loop Cards • Open Loop Cards Breakup by Purpose: • Payroll/ Incentive Cards • Travel Cards • General Purpose Reloadable (GPR) Cards • Remittance Cards Breakup by Vertical: • Corporate/Organization • Retail • Government
Report Description and Highlights Report Description Breakup by Region: • West and Central India • South India • North India • East India On account of these factors, IMARC Group expects the market value to reach US$ 557.7 Billion by 2027, expanding at a CAGR of 36.20% during the forecast period (2022-2027).
Report Description and Highlights Report Description Competitive Landscape With Key players: • Axis Bank Ltd • Itz Cash Card Ltd • ICICI Bank Ltd • State Bank of India (SBI) • HDFC Bank Ltd • Punjab National Bank (PNB) • Yes Bank Ltd • Sodexo • Kotak Mahindra Bank Ltd • Oxigen Services • Hermes International S.A • India Transact Services Ltd • Western Union Company View Report TOC, Figures and Tables: https://www.imarcgroup.com/india-prepaid-cards-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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