Global Market Research Report on Prepaid credit card Market 2017 is a professional and in-depth complete study on the current state of the Prepaid credit card worldwide.
Deerfield Beach, FL -- (SBWIRE) -- 07/26/2017 -- Market Research Store has been recently published a fresh research report—World Prepaid credit card Market - Opportunities and Forecasts, 2014 - 2022. This added to the company's collection of research reports. This report offers a deep examination of the Prepaid credit card market for the period 2014 - 2022. As per the report, the Prepaid credit card market is estimated to grow at elevated CAGR recorded in 2017. The towering competitive Prepaid credit card market has been observing huge and whooping investments in development and research from government as well as private firms.
This report divides the market on the basis of regions, manufacturers, application, and type. It also showcases the growing factors, reasons for decline in the market, segmentations, and openings and breaks expected to power the market expansion during this time span. The primary factors such as revenues, supply chain management, product valuation and other crucial factors are also examined in the Prepaid credit card market report.
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Prepaid credit cards though termed so, are not exactly credit cards, as they provide no credit to the cardholder. The card allows the customers to spend money that they have already deposited in the account concerned. These cards are powered by MasterCard, Visa, American Express, etc., making them acceptable at cash counters. As per Mercator Advisory Group, consumers deposited almost $28.6 billion in Prepaid credit cards in the year 2009 and this amount is estimated to reach $168 billion by 2015. Large number of credit card consumers are been shifting towards prepaid cards as per recent surveys. Proper handling of cash and managing expenditure is a primary factor for consumers choosing prepaid cards over credit cards. However, lack of real credit granted by the card providing financial institutions is a major restraining factor.
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