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Data for today’s episode is provided by Mercator Advisory Group’s Report: Commercial Prepaid: U.S. Closed-Loop Market Review and Forecast, 2020-2025
Commercial Closed-Loop Prepaid Segment Share Trends:
- Nutritional assistance/WIC encompassed 54.4% of commercial closed-loop prepaid market share in 2020.
- Store credits (returns) encompassed 18.5% of commercial closed-loop prepaid market share in 2020.
- Employee and partner incentives encompassed 10.3% of commercial closed-loop prepaid market share in 2020.
- Consumer incentives encompassed 16.7% of commercial closed-loop prepaid market share in 2020.
- Events & meetings encompassed 0.2% of commercial closed-loop prepaid market share in 2020.
About Report
Mercator Advisory Group’s most recent report, Commercial Prepaid: U.S. Closed-Loop Market Review and Forecast, 2020-2025, provides total load estimates by commercial prepaid card category and reveals trends in the commercial closed-loop prepaid cards industry through 2025.
The pandemic has caused market changes which have negatively affected commercial closed-loop prepaid card loads in 2020. Certain closed-loop segments have been affected more than others and are forecast to rebound at different rates.
“Commercial closed-loop prepaid load values have decreased 10% in 2020. Overall, commercial closed-loop values are forecast to slightly lose market share against commercial open-loop load values into 2025. As the market continues to adapt to the ongoing COVID-19 pandemic, we forecast a rebound in certain category load values,” states David Nelyubin, Senior Analyst at Mercator Advisory Group, and the author of the report.
