A Sector Snapshot on US Prepaid and Gift Card Market, 2015

LTP has come up with another crisp three-page sector snapshot on the US prepaid and gift card market in 2015 which analyzes the prepaid and gift card market and the major players dominating it.

Prepaid card growth has been fueled by multiple factors like providing electronic payments to those outside the banking system, serving as a cost-effective alternative to cash and checks for both businesses and governments. Prepaid cards are payment cards with a stored value on the card itself unlike debit cards, where an external account is maintained by a financial institution, or credit cards, which are subject to the credit limits set by the issuer. Another benefit prepaid cards provide is the segmentation of spending by consu ...

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