The open-loop commercial prepaid market is entering a more consequential phase. What began as a practical way to control spend and simplify disbursements has evolved into a flexible payment tool used across payroll, incentives, travel, and B2B use cases. As businesses look for faster, more transparent ways to move money, open-loop prepaid programs are gaining traction for their ability to operate across established card networks while offering tighter controls than traditional credit. At the same time, issuers, program managers, and fintech partners are reshaping the space with embedded features, real-time funding options, and better data visibility.
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Data for today’s episode is provided by Javelin Strategy & Research’s Report: 2026 State of the Industry: Commercial Prepaid Cards
2025 U.S. Open-Loop Commercial Prepaid Loads (In Billions of U.S. Dollars)
- $98 – Government open loop
- $78 – HSA/FSA
- $34 – Insurance
- $22 – Consumer incentives
Source: Javelin Strategy & Research
About Report
Growth in the commercial prepaid market is expected to be uneven over the next five years, with particularly strong potential in non-government segments such as healthcare benefits, incentive programs, and various disbursement use cases.
In its latest installment of an ongoing prepaid trends series, Javelin Strategy & Research examines the commercial prepaid landscape across both business-to-business and government applications. Although prepaid solutions still make up a relatively small portion of overall commercial payments, they present a meaningful opportunity for expansion. These products can serve alongside traditional postpaid options or, in some cases, replace them entirely. With a stable foundation already in place, commercial prepaid is well positioned to support emerging use cases and extend its reach into new areas of the market.