August 18, 2014
Prepaid cards play a big and growing role in mainstream retail operations. In 2014, purchases made via prepaid cards are expected to surpass $200 billion, or 5% of the total retail spending in the entire U.S. The prepaid-card market is growing, and with it comes growth in the diversified use of such cards.
Certain factors are contributing to the growth of business through prepaid cards: