The market for pre-paid cards in the Philippines is set to witness further growth in 2024, supported by a strong focus on financial inclusion. Many banks and financial institutions are increasingly offering pre-paid cards as an alternative to traditional debit and credit cards, especially for individuals who may not have access to or prefer not to use credit cards. These pre-paid products are more accessible as they do not require a credit check, making them ideal for those without a formal bank...
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
December 2024
List Of Contents And Tables
PRE-PAID CARDS IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Open-loop cards outperform their closed-loop counterparts
GCash and Maya drive growth through development of pre-paid wallets
Traditional banks discontinue certain pre-paid cards in light of mobile wallet growth
PROSPECTS AND OPPORTUNITIES
Transition to open-loop cards offering greater convenience
New players have potential to disrupt the market
Surge in QR transactions signals potential shift away from pre-paid cards
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