Mercator Advisory Group Releases U.S. Open-Loop Prepaid Cards Market Assessment

by Tim Sloane 0

The Ninth Annual U.S. Open-Loop Prepaid Cards Market Assessment and Prepaid Industry Overview report is the first of the annual trilogy of closely followed prepaid benchmark reports (Open-Loop, Closed-Loop, and Prepaid Market Forecast) that provide a thorough analysis and documentation of the growth and development of the prepaid industry. The report benchmarks the load, growth, and market dynamics for all open-loop prepaid solutions. This includes a review of the dollars loaded on open-loop prepaid products in 18 different market segments.

The open-loop prepaid market, which consists of 18 segments, grew to $184.1 billion in 2011, up 24 percent from $148.4 billion in 2010. This report documents the dollars loaded onto open-loop prepaid cards or access devices in 2011.

“While some segments had growth of over 1000% between 2010 and 2011, others saw continued double digit growth rates and one actually contracted by more than 1%. The growth has been driven by the cash access and government categories; however, the future growth of the market could be hurt by potential regulatory actions,” says Tim Sloane, director of Mercator’s Prepaid Advisory Service and author of the report.

Click here to read more information about the report and how to purchase it.