Pre-paid cards in Canada saw growth spurred by rising demand for financial inclusion and access to banking in 2024. These cards, whether, open or closed, are an easy way for consumers to make transactions and payments. With the continued trend of consumers moving away from cash and cheques, pre-paid options arise as viable, simple and cheap solutions for those who do not have credit cards. In addition, they are an opportunity for those who are unbanked or underbanked, allowing them to participat...
Euromonitor International's Pre-Paid Card Transactions in Canada report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?? * Get a detailed picture of the Pre-Paid Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Pre-Paid Cards in Canada
Euromonitor International
January 2025
List Of Contents And Tables
PRE-PAID CARDS IN CANADA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Growth driven by demand for financial inclusion
Change in immigration regulations slows growth in transactions and value for open loop pre-paid cards
Digital pre-paid options emerge key innovation and boost consumer awareness, with young people showing rising interest
PROSPECTS AND OPPORTUNITIES
Government payouts as key target for the pre-paid market in Canada
Security continues to be a key advantage for pre-paid cards, while fintech players show growing interest
Freelancers, short-term contract workers and small businesses to drive demand, as issuers invest more incentives
CATEGORY DATA
Table 1 Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 2 Pre-paid Cards Transactions 2019-2024
Table 3 Pre-paid Cards in Circulation: % Growth 2019-2024