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Data for today’s episode is provided by Mercator Advisory Group’s report – 16th Annual U.S. Closed-Loop Prepaid Cards Market Forecasts, 2018–2022.
Six Surprising Stats from the Top Six Payments Markets in LATAM:
- Brazil: LATAM’s most sophisticated payments market is losing credit card share – projected to only 14% of consumer cardholders by 2023
- Mexico: Mercator predicts rapid debit card growth in the wake of gov. overhaul: 75% consumer cardholders by 2023
- Columbia: Promising market for eCommerce, which is set to double in volume from 2015 to 2023
- Argentina: Characterized by massive 45% inflation, projected to decline to 34% in 2019
- Chile: World bank cites a decrease in poverty from 26% in 2000 to 8% in 2015
- Peru: Innovative domestic payments scheme with 50% debit cardholders by 2023
About the report
The report titled 16th Annual U.S. Closed-Loop Prepaid Cards Market Forecasts, 2018–2022 provides an analysis of the growth and development of the prepaid cards industry through 2022. The report examines loads, growth potential, and market dynamics in the United States across all closed-loop prepaid card segments.
Mercator Advisory Group’s forecast report identifies key segments that will continue to decline over the next few years as well as those that should see growth. However, the economy, politics, and consumer behavior will all influence which segments grow and which decline.
This report reviews and forecasts load dollar volume for closed-loop segments. This forecast highlights the segments approaching market saturation as well as those that will continue to experience annual growth.
“Prepaid providers should be evaluating their businesses and looking for ways to diversify,” commented C. Sue Brown, Director of Mercator Advisory Group’s Prepaid Advisory Service, the author of the report. “Opportunities in the prepaid market shift with economic, political, and regulatory changes. New technologies such as the internet of things, connected car, and use of prepaid for transit and tolls may provide growth markets in the years to come.”
