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Philippines Prepaid Card and Digital Wallet Markets Databook 2022: Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend 2017-2026DUBLIN, Sept. 14, 2022 /PRNewswire/ -- The "Philippines 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 market is expected to record a CAGR of 11.0%, increasing from US$3.21 billion in 2022 to reach US$4.86 billion by 2026. This report provides a detailed data centric analysis of prepaid payment instruments, covering spend through prepaid cards and digital wallets across retail and corporate consumer segments. In addition, it provides a snapshot of consumer behaviour and retail spend dynamics in the Philippines. With over 100 KPIs at country level, this report provides comprehensive understanding of prepaid card and digital wallet card market dynamics. The rise of the cashless economy surged the prepaid card market in the Philippines in the last four to six quarters. According to the Q4 2021 Global Prepaid Card Survey, close to 38% of the consumers started using digital payment methods for the first time since the onset of Covid-19. Moreover, there have been efforts on the government's side to drive the country towards a cashless economy. For instance, for the financial inclusion of underserved populations, the Central Bank of the Philippines employed various micro-banking offices, e-money issuers, and remittance agents. Resultantly, the circulation of prepaid cards in the country also increased. Fintech players are entering the flourishing prepaid card market in the Philippines The Philippines has a massive unbanked population, with over two-thirds of the adult population - more than 50 million adults - without any bank account. This has invited leading fintech companies to enter the country with a focus on digital transformation as a strategic imperative.
Prepaid card providers are adopting QR Ph for the Filipino merchants Prepaid card providers are taking initiatives to transform the cash-heavy economy into a cash-lite, following the footsteps of the Central bank of the Philippines.
Scope Philippines Digital Wallet Market Size and Forecast
Philippines Digital Wallet Market Size and Forecast by Key Segments
Philippines 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 Philippines Open Loop Prepaid Card Future Growth Dynamics, 2017 - 2026
Philippines Closed Loop Prepaid Card Future Growth Dynamics, 2017 - 2026
Philippines Prepaid Card Consumer Usage Trends
Philippines General Purpose Prepaid Card Market Size and Forecast Philippines Gift Card Market Size and Forecast Gift Card Market Size and Forecast by Functional Attribute
Gift Card Market Size and Forecast by Consumer Segments
Gift Card Market Share Analysis by Retail Categories Gift Card Market Share Analysis by Gifting Occasion Gift Card Market Share Analysis by Purchase Location Philippines Entertainment and Gaming Prepaid Card Market Size and Forecast Philippines Teen and Campus Prepaid Card Market Size and Forecast Teen and Campus Prepaid Card Market Size and Forecast by Functional Attribute
Philippines Business and Administrative Expense Prepaid Card Market Size and Forecast Business and Administrative Expense Prepaid Card Market Size and Forecast by Consumer Segments
Philippines Payroll Prepaid Card Market Size and Forecast Payroll Prepaid Card Market Size and Forecast by Consumer Segments
Philippines Meal Prepaid Card Market Size and Forecast Meal Prepaid Card Market Size and Forecast by Consumer Segments
Philippines Travel Forex Prepaid Card Market Size and Forecast Travel Forex Prepaid Card Market Size and Forecast by Consumer Segments
Philippines Transit and Tolls Prepaid Card Market Size and Forecast Philippines Healthcare and Wellness Prepaid Card Market Size and Forecast Philippines Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast Philippines Fuel Prepaid Cards Market Size and Forecast Philippines Utilities, and Other Prepaid Cards Market Size and Forecast For more information about this report visit https://www.researchandmarkets.com/r/3a9ih7 Media Contact: Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/philippines-prepaid-card-and-digital-wallet-markets-databook-2022-market-size-and-forecast-consumer-attitude--behaviour-retail-spend-2017-2026-301624187.html SOURCE Research and Markets |