The Coronavirus (COVID-19) pandemic led to a series of government aid initiatives distributed through pre-paid cards. This contributed to rising awareness among consumers about these financial products and their convenience, especially for lower-income Filipinos. These developments were primarily driven by the state-run Land Bank of the Philippines - LBP as it continued to collaborate with different government agencies. The bank is strengthening its partnership with Department of Social Welfare...
Euromonitor International's Pre-Paid Card Transactions in Philippines 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 the Philippines
Euromonitor International
November 2023
List Of Contents And Tables
PRE-PAID CARDS IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Government and bank support helps pre-paid cards to gain traction
Mobile wallets propel the expansion of pre-paid cards
Beep card provides new payment solution for transportation
PROSPECTS AND OPPORTUNITIES
Development required for open and closed loop pre-paid cards in a competitive field
Closed loop pre-paid cards are under pressure while virtual cards offer growth opportunities
Mobile wallets to sustain growth for pre-paid cards
CATEGORY DATA
Table 1 Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 2 Pre-paid Cards Transactions 2018-2023
Table 3 Pre-paid Cards in Circulation: % Growth 2018-2023