The Canadian Open-Loop Prepaid Market 2017-2018: The Market is in the Early Stages of its Life Cycle - ResearchAndMarkets.com

DUBLIN--()--The "The Canadian Open-Loop Prepaid Market: 2017" report has been added to ResearchAndMarkets.com's offering.

As in the United States, the future of Canadian prepaid depends on providers finding places where their cards can displace cash and checks, and where prepaid cards can become a means for distributing value more efficiently than other forms of payment.

Typical growth has come from government agencies streamlining their disbursement process, and utilizing direct deposit on to a prepaid card for those individuals without a financial institution account. The same can be said for employers paying wages. These areas grew significantly in the U.S. once government insurance secured the funds.

Research Highlights

  • The Canadian open-loop prepaid market has 11 segments out of a possible 17, which suggests that there is room for future growth in the market
  • In the "Consumer-Funded Cards" category, total loads onto cards in General Purpose Reloadable (GPR) market segment in 2017 amounted to CAD$2.0 billion
  • The "Corporate-Funded Cards" category includes the Consumer Incentives and Employee & P Incentives segments, whose small size (CAD$200 million) is in part a consequence of the fact that specialized knowledge is required to address the market's unique requirements
  • The "Government-Funded Cards" category is new in Canada but growing as more governments utilize the cost savings associated with issuing prepaid cards versus checks
  • The total market size for 2017 in dollars loaded onto open-loop prepaid cards is CAD$3.8 billion, an increase of 8.1% over 2016, which shows that the market overall continues to be healthy

Key Topics Covered

  • Executive Summary
  • Introduction
  • Methodology: Measuring the Market While Maintaining Confidentiality
    • Sales
    • Transactions
    • Loads
  • The Benchmark Study: Conditions
  • The Size of the Canadian Open-Loop Prepaid Market
  • General Purpose Reloadable Cards
  • The Open-Loop Gift Cards and RAN Gift Cards
  • Additional Active Segments: Canadian Commercial Prepaid Market
  • Conclusions: Canadian Market Has Room for Growth and New Segments

For more information about this report visit https://www.researchandmarkets.com/research/494xpt/the_canadian?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior 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
Related Topics: Bank Cards

Contacts

ResearchAndMarkets.com
Laura Wood, Senior 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
Related Topics: Bank Cards