MasterCard projects that the global growth potential of Prepaid will reach $822 billion by 2017.
The prepaid opportunity continues to grow around the world and is expected to reach US$822 billion by 2017. The popularity of prepaid is driven by its unique and practical ability to solve for almost any payment need. It democratizes electronic payments for those outside the traditional banking system and provides a transparent, cost-effective alternative to cash and checks for both governments and businesses. Prepaid also serves the needs of banked consumers who find it an ideal payment tool for segmenting spend such as travel and online shopping.