India Prepaid Card and Digital Wallet Market 2022: Digital Wallets are Building Partnerships to Launch Prepaid Cards in the Indian Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “India Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behavior, Retail Spend” report has been added to ResearchAndMarkets.com’s offering.

In 2021, the Indian fintech industry recorded strong growth. With the changing digital landscape of the country, various fintech companies are either engaging in expansion business through partnerships or developing innovative solutions targeting various sets of consumers. With a future-looking mindset, these companies are likely to attract significant investment in the next four to six quarters.

With higher demand for digital payments across online and brick-and-mortar stores in the country, digital wallet providers are launching innovative prepaid card solutions in order to capture more market share.

Financial service and digital wallet providers introducing unified prepaid transit cards in the Indian market With the rising usage of cashless payments in the country, fintechs are approaching various sectors to capture customers with their innovative products. For instance, in November 2021, Indian financial service and digital wallet provider Paytm introduced its stand-alone transit card for riding the metro, bus, and train in India.

Banks are tying up with fintechs to launch payroll cards for MSME workers in India. Targeting the workers of micro, small, and medium enterprises (MSMEs), various partnerships are to witness in the country to provide prepaid payroll cards for these blue collared employees.

The prepaid card market in India increased at a CAGR of 19.9% ​​during 2017-2021. Over the forecast period of 2022 to 2026, the market is expected to record a CAGR of 31.1%, increasing from US$35.69 billion in 2022 to reach US$105.43 billion by 2026.

With over 100 KPIs at country level, the report provides comprehensive understanding of prepaid card and digital wallet card market dynamics.

  • Market dynamics: Provides a comprehensive view on size and structure, industry dynamics, market trends, consumer attitude and behaviour, and competitive landscape in prepaid card and digital wallet industry in India.

  • Digital wallet segments: Provides value, volume and average value per transaction across 5 key spend categories in digital wallet. This includes retail, travel, entertainment and gaming, restaurant, and recharge and bill payment.

  • Open loop and closed loop prepaid cards: market estimates and forecasts to assess opportunities 13 open loop and closed loop prepaid market segments. Details four essential KPIs – number of cards in circulation, number of transactions, load value, and value of transactions.

  • Consumer attitude and behaviour: Drawing from proprietary survey results, this report identifies and interprets key prepaid KPIs, including spend by age, gender, and income level.

  • Retail spend: Breaks down retail spend across 11 categories to provide detailed insights on consumer behavior and changing the dynamics of prepaid card spend.

Key Topics Covered:

  • Prepaid Payment Instrument Market Size and Future Growth Dynamics by Key Performance Indicators

  • Digital Wallet Market Size and Future Growth Dynamics by Key Performance Indicators

  • Digital Wallet Market Size and Future Growth Dynamics by Key Segments

  • India Prepaid Card Industry Market Attractiveness

  • India Open Loop Prepaid Card Future Growth Dynamics, 2017 – 2026

  • India Closed Loop Prepaid Card Future Growth Dynamics, 2017 – 2026

  • India Prepaid Card Consumer Usage Trends

  • India Prepaid Card Retail Spend Dynamics

  • India General Purpose Prepaid Card Market Size and Forecast, 2017-2026

  • India Gift Card Market Size and Forecast, 2017-2026

  • India Entertainment and Gaming Prepaid Card Market Size and Forecast, 2017-2026

  • India Teen and Campus Prepaid Card Market Size and Forecast, 2017-2026

  • India Business and Administrative Expense Prepaid Card Market Size and Forecast, 2017-2026

  • India Payroll Prepaid Card Market Size and Forecast, 2017-2026

  • India Meal Prepaid Card Market Size and Forecast, 2017-2026

  • India Travel Forex Prepaid Card Market Size and Forecast, 2017-2026

  • India Transit and Tolls Prepaid Card Market Size and Forecast, 2017-2026

  • India Healthcare and Wellness Prepaid Card Market Size and Forecast, 2017-2026

  • India Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast, 2017-2026

  • India Fuel Prepaid Cards Market Size and Forecast, 2017-2026

  • India Utilities, and Other Prepaid Cards Market Size and Forecast, 2017-2026

Companies Mentioned

  • Flipkart Online Services Pvt Ltd

  • Tata Group

  • Future Group

  • Reliance Group

  • Amazon.com Inc

  • Aditya Birla Group

  • K Raheja Corp

For more information about this report visit https://www.researchandmarkets.com/r/wfk8wa

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