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Brazil Prepaid Cards Markets and Investment Opportunities Report 2021: Market is Expected to Grow by 16.2% to Reach $26.77 Billion in 2021 - Forecast to 2025

·5-min read

Dublin, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The "Brazil Prepaid Cards Business and Investment Opportunities - Market Size and Forecast (2016-2025), Consumer Attitude & Behaviour, Retail Spend, Market Risk" report has been added to ResearchAndMarkets.com's offering.

According to the Q2 2021 Global Prepaid Card Survey, prepaid card market in the Brazil is expected to grow by 16.2% on annual basis to reach US$ 26,772.4 million in 2021.

The prepaid card market expected to grow over the forecast period, recording a CAGR of 14.4% during 2021-2025. The prepaid card market in Brazil will increase from US$ 23,039.5 million in 2020 to reach US$ 39,417.7 million by 2025.

The Brazilian prepaid card market recorded significant growth in 2020. The global pandemic primarily fueled this substantial growth in the prepaid card segment. With more people staying at home and resorting to e-commerce during the Covid-19 pandemic, the use of prepaid cards on online transactions surged significantly. The publisher expects the trend to continue in Brazil over the next three to four quarters, resulting in stable adoption of prepaid cards among consumers.

Teen-focused prepaid card providers raised funds to expand their business in Brazil:

Most of the teenagers in the country use cash to complete their transactions. This is primarily due to they do not have access to financial services, be it traditional or digital. Z1, a Sao Paulo-based digital banking startup, provided teens in Brazil with a digital banking app and prepaid card to solve this problem.

WhatsApp re-launched its prepaid payment option in Brazil:

Nearly after a year of its suspension amid growing concerns over potential threats to the national financial services system, WhatsApp has re-launched its prepaid payment instrument in Brazil in May 2021.

After months of testing and evaluations regarding privacy and market competition, WhatsApp received authorization from the Central Bank in March 2021. As of May 2021, the prepaid payment instrument is available for individual users in Brazil. The instant messaging app is planning to offer the service to companies in the next few months. Notably, WhatsApp is planning to make the prepaid payment instrument available to all of its 120 million users in the country by Q2 2021.

Growing mergers and acquisitions activities in the prepaid card segment:

With rising market attractiveness in the Brazilian prepaid card market, global prepaid card providers are looking to expand their presence in Brazil. This has resulted in growing mergers and acquisition activities over the last few quarters. For instance,

In November 2020, InComm Payments, the leading gift card provider, announced the acquisition of one of the significant closed-loop gift card processors, Todo Cartoes, in Brazil. The acquisition is expected to help InComm Payments expand its presence by enabling the processing and distribution of closed-loop gift cards.

Reasons to buy:

  • In-depth understanding of prepaid card market dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 75+ market segments and sub-segments of prepaid cards in Brazil.

  • Develop market specific strategies: Identify growth segments and target specific opportunities to formulate your prepaid cards strategy; assess market specific key trends, drivers and risks in prepaid cards industry.

  • Get insights into consumer attitude and behaviour: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through prepaid cards.

Scope:

Brazil Prepaid Card Industry Market Attractiveness

  • Load Value Trend Analysis

  • Transaction Value Trend Analysis

  • Transaction Volume Trend Analysis

  • Average Value per Transaction

  • Number of Cards

Market Share Analysis by Functional Attributes - Open Loop vs. Closed Loop, 2016 - 2025

Market Share Analysis by Prepaid Card Categories

Brazil Open Loop Prepaid Card Future Growth Dynamics, 2016 - 2025

  • Transaction Value Trend Analysis

  • Transaction Volume Trend Analysis

  • Average Value per Transaction

  • Number of Cards

Brazil Closed Loop Prepaid Card Future Growth Dynamics, 2016 - 2025

  • Transaction Value Trend Analysis

  • Transaction Volume Trend Analysis

  • Average Value per Transaction

  • Number of Cards

Brazil Prepaid Card Consumer Usage Trends

  • By Age Group

  • By Income Group

  • By Gender

Brazil General Purpose Prepaid Card Market Size and Forecast

Gift Card Market Size and Forecast by Functional Attribute

  • By Open Loop Gift Card

  • By Closed Loop Gift Card

Gift Card Market Size and Forecast by Consumer Segments

  • By Retail Consumer Segment

  • By Corporate Consumer Segment

Gift Card Market Share Analysis by Retail Categories

Gift Card Market Share Analysis by Gifting Occasion

Gift Card Market Share Analysis by Purchase Location

Brazil Entertainment and Gaming Prepaid Card Market Size and Forecast

Teen and Campus Prepaid Card Market Size and Forecast by Functional Attribute

  • By Open Loop Teen and Campus Prepaid Card

  • By Closed Loop Teen and Campus Prepaid Card

Business and Administrative Expense Prepaid Card Market Size and Forecast by Consumer Segments

  • By Small Scale Business Segment

  • By Mid-Tier Business Segment

  • By Enterprise Business Segment

  • By Government Segment

Payroll Prepaid Card Market Size and Forecast by Consumer Segments

  • By Small Scale Business Segment

  • By Mid-Tier Business Segment

  • By Enterprise Business Segment

  • By Government Segment

Meal Prepaid Card Market Size and Forecast by Consumer Segments

  • By Small Scale Business Segment

  • By Mid-Tier Business Segment

  • By Enterprise Business Segment

  • By Government Segment

Travel Forex Prepaid Card Market Size and Forecast by Consumer Segments

  • By Retail

  • By Small Scale Business Segment

  • By Mid-Tier Business Segment

  • By Enterprise Business Segment

  • By Government Segment

Brazil Transit and Tolls Prepaid Card Market Size and Forecast

Brazil Healthcare and Wellness Prepaid Card Market Size and Forecast

Brazil Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast

Brazil Fuel Prepaid Cards Market Size and Forecast

Brazil Utilities, and Other Prepaid Cards Market Size and Forecast

For more information about this report visit https://www.researchandmarkets.com/r/6s18ab

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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