DUBLIN, February 18, 2022–(BUSINESS WIRE)–India Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend report has been added to from ResearchAndMarkets.com offer.

In 2021, the Indian fintech industry has witnessed strong growth. With the evolving digital landscape in the country, various fintech companies are engaging in either expanding their business through partnerships or developing innovative solutions targeting various consumer groups. With a forward-looking mindset, these companies are likely to attract significant investment over the next four to six quarters.

With increased demand for digital payments in online and physical stores nationwide, digital wallet providers are launching innovative prepaid card solutions to capture more market share.

Financial Service and Digital Wallet Providers Introduce Unified Prepaid Travel Cards in Indian Market With the growing use of cashless payments in the country, fintechs are approaching various sectors to attract customers with their innovative products. For example, in November 2021, Indian financial services and digital wallet provider Paytm introduced its self-driving transport card for riding metros, buses and trains in India.

Banks are teaming up with fintechs to launch payroll cards for MSME workers in India. Targeting micro, small and medium enterprise (MSME) workers, various partnerships are seen in the country to provide prepaid payroll cards to these blue collar workers.

The prepaid card market in India grew at a CAGR of 19.9% ​​during the period 2017-2021. During the forecast period from 2022 to 2026, the market is expected to register a CAGR of 31.1%, growing from US$35.69 billion in 2022 to US$105.43 billion by 2026.

With over 100 country-level KPIs, the report provides a comprehensive understanding of the Prepaid Cards and Digital Wallet Cards market dynamics.

The story continues

• Market Dynamics: Provides a comprehensive view of size and structure, industry dynamics, market trends, consumer attitude and behavior, and competitive landscape of the Prepaid Cards and Wallets industry digital in India.

• Digital Wallet Segments: Provides value, volume, and average value per transaction across 5 key spend categories in the digital wallet. This includes retail, travel, entertainment and gaming, catering, charging and bill paying.

• Open-Loop and Closed-Loop Prepaid Cards: Market Estimates and Forecasts to Assess Opportunities 13 Open-Loop and Closed-Loop Prepaid Cards Market Segments. Details four essential KPIs – number of cards in circulation, number of transactions, load value and transaction value.

• Consumer attitude and behavior: Drawing on proprietary survey results, this report identifies and interprets key prepaid KPIs, including spending by age, gender, and income level.

• Retail Spend: Breaks down retail spend into 11 categories to provide detailed insights into consumer behavior and changing prepaid card spending dynamics.

Main topics covered:

• Prepaid Payment Instruments Market Size and Future Growth Dynamics by Key Performance Indicators

• Digital Wallets Market Size and Future Growth Dynamics by Key Performance Indicators

• Digital Wallets Market Size and Future Growth Dynamics by Key Segments

• Market attractiveness of prepaid card industry in India

• Future Growth Dynamics of Open-Loop Prepaid Cards in India, 2017-2026

• Future Growth Dynamics of Closed-Loop Prepaid Cards in India, 2017-2026

• Usage Trends of Prepaid Cards in India

• Prepaid card retail spending dynamics in India

• India General Purpose Prepaid Cards Market Size and Forecast, 2017 – 2026

• India gift card market size and forecast, 2017-2026

• India entertainment and gaming prepaid card market size and forecast, 2017 – 2026

• India Teen and Campus Prepaid Cards Market Size and Forecast, 2017 – 2026

• Prepaid Commercial & Administrative Expense Cards Market Size and Forecast in India, 2017 – 2026

• India payroll prepaid card market size and forecast, 2017 – 2026

• India Prepaid Meal Cards Market Size and Forecast, 2017 – 2026

• India Forex Travel Prepaid Cards Market Size and Forecast, 2017 – 2026

• India Prepaid Transit and Toll Cards Market Size and Forecast, 2017 – 2026

• India Prepaid Health and Wellness Cards Market Size and Forecast, 2017 – 2026

• India Social Security and Other Government Benefit Program Prepaid Cards Market Size and Forecast, 2017 – 2026

• India prepaid fuel card market size and forecast, 2017-2026

• Indian utilities and other prepaid cards market size and forecast, 2017 – 2026

Companies cited

For more information about this report visit https://www.researchandmarkets.com/r/wfk8wa

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