TMCnet News
South Africa Prepaid Card and Digital Wallet Markets and Investment Opportunities Report 2022: Market is Expected to Grow at a CAGR of 15% to Reach $15.4 Billion by 2026, from $8.81 Billion in 2022 - ResearchAndMarkets.comThe "South Africa Prepaid Card and Digital Wallet Business and Investment Opportunities Databook - Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend" report has been added to ResearchAndMarkets.com's offering. The prepaid card market (value terms) in South Africa increased at a CAGR of 7.9% during 2017-2021. Over the forecast period of 2022 to 2026, the market is expected to record a CAGR of 15.0%, increasing from US$8.81 billion in 2022 to reach US$15.40 billion by 2026. South Africa has turned out to be the most prominent fintech hub in 2021. With the rising digital payments in the country, fintech companies developed innovative products to provide financial inclusion to the unbanked population. Telecom providers are integrating virtual prepaid cards in their digital wallets in South Africa With the rise in online shopping among South Africans, digital wallet providers are developing virtual payment solutions with fintech partners.
South African fintech startups launching prepaid debit cards for its customers There are millions of South Africans who are unbanked and face issues with receiving payments from their employers or third party. Consequently, domestic fintech companies are launching prepaid debit cards to address this problem.
Airline providers are introducing gift voucher programs in partnership with travel technology companies and gift card solutions providers Since the pandemic has made drastic changes to the travel spending attitude of the customers, airline providers are launching a more flexible way of spending, thereby generating an alternative revenue stream for the company.
Scope Companies
South Africa Digital Wallet Market Size and Forecast
South Africa Digital Wallet Market Size and Forecast by Key Segments
South Africa Prepaid Card Industry Market Attractiveness
Market Share Analysis by Functional Attributes - Open Loop vs. Closed Loop, 2017 - 2026 Market Share Analysis by Prepaid Card Categories South Africa Open Loop Prepaid Card Future Growth Dynamics, 2017 - 2026
South Africa Closed Loop Prepaid Card Future Growth Dynamics, 2017 - 2026
South Africa Prepaid Card Consumer Usage Trends
South Africa General Purpose Prepaid Card Market Size and Forecast South Africa Gift Card Market Size and Forecast Gift Card Market Size and Forecast by Functional Attribute
Gift Card Market Share Analysis by Retail Categories Gift Card Market Share Analysis by Gifting Occasion Gift Card Market Share Analysis by Purchase Location South Africa Entertainment and Gaming Prepaid Card Market Size and Forecast South Africa Teen and Campus Prepaid Card Market Size and Forecast Teen and Campus Prepaid Card Market Size and Forecast by Functional Attribute
South Africa Business and Administrative Expense Prepaid Card Market Size and Forecast
South Africa Payroll Prepaid Card Market Size and Forecast
South Africa Meal Prepaid Card Market Size and Forecast
South Africa Travel Forex Prepaid Card Market Size and Forecast
South Africa Transit and Tolls Prepaid Card Market Size and Forecast South Africa Healthcare and Wellness Prepaid Card Market Size and Forecast South Africa Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast South Africa Fuel Prepaid Cards Market Size and Forecast South Africa Utilities, and Other Prepaid Cards Market Size and Forecast For more information about this report visit https://www.researchandmarkets.com/r/yf3ozq
View source version on businesswire.com: https://www.businesswire.com/news/home/20220311005360/en/ |