UK Markets closed

Mexico Prepaid Cards Markets and Investment Opportunities Report 2021: Strategic Partnerships are Rising to Launch Innovative Prepaid Cards

·4-min read

Dublin, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The "Mexico 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 Mexico is expected to grow by 23.2% on annual basis to reach US$ 22,672.4 million in 2021.

The prepaid card market expected to grow over the forecast period, recording a CAGR of 16.8% during 2021-2025. The prepaid card market in Mexico will increase from US$ 18,397.8 million in 2020 to reach US$ 34,261.9 million by 2025.

The use of prepaid cards has increased over the last few quarters in Mexico, primarily because of the arrival of innovative, low-cost prepaid solutions launched by FinTech and neobanks in the country.

The growth in the segment is also driven by the welfare cards offered by the Mexican government, transport cards, payroll cards, and gift cards. The publisher expects the prepaid card segment to post a robust growth rate over the next four to six quarters, as FinTech firms keep innovating with their prepaid card launches.

Strategic partnerships are rising to launch innovative prepaid cards in Mexico:

Mexico had an estimated unbanked population of 40 million; however, the growth in FinTech adoption has led to a radical change in the consumption methods of consumers in the country. As a result, FinTech firms are entering into strategic partnerships to launch innovative prepaid card solutions for boosting financial inclusion in Mexico. For instance,

In August 2021, i2c, which offers digital and banking technology, entered into a strategic partnership with customer loyalty program PAYBACK and lending company KEO to provide Mexican consumers prepaid AMEX cards.

Regional companies are expanding their reach in the Mexican prepaid card market:

As the global pandemic fueled the demand for cashless payment options among consumers in the country, Argentina-based FinTech firm, Uala, which has already issued more than 2.5 million prepaid cards in Argentina, launched its services in Mexico in September 2020. Since its launch, Uala has issued more than 100,000 prepaid cards in less than six months of its operations in Mexico. Consumers can use the prepaid MasterCard for online and in-store purchases.

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 Mexico.

  • 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:

Mexico 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

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

  • Transaction Value Trend Analysis

  • Transaction Volume Trend Analysis

  • Average Value per Transaction

  • Number of Cards

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

  • Transaction Value Trend Analysis

  • Transaction Volume Trend Analysis

  • Average Value per Transaction

  • Number of Cards

Mexico Prepaid Card Consumer Usage Trends

  • By Age Group

  • By Income Group

  • By Gender

Mexico 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

Mexico 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

Mexico Healthcare and Wellness Prepaid Card Market Size and Forecast

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

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

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


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting