India Prepaid Cards Market: Market Size, Forecast, Insights, and Competitive Landscape
The India prepaid cards market is expected to grow at a CAGR of around 25.9% during 2025-2034. This report on India prepaid cards market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the India prepaid cards market by segmenting the market based on card type, purpose, vertical, and region. Also, detailed profiles of companies operating in the India prepaid card market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Rising Disposable Incomes
• Rise in Demand for Cash Alternatives
• Developments in the E-Commerce Industry
Market Challenges
• Unbanked and Underbanked Population
• Fraudulent Attacks
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Card Type
• Closed Loop Cards
• Open Loop Cards
Market by Purpose
• Payroll/ Incentive Cards
• Travel Cards
• General Purpose Reloadable (GPR) Cards
• Remittance Cards
• Others
Market by Vertical
• Corporate/Organization
• Retail
• Government
• Others
Market by Region
• West and Central India
• South India
• North India
• East India
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. India Prepaid Cards Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. India Prepaid Cards Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. India Prepaid Cards Market by Card Type
- 5.1. Introduction
- 5.2. Closed Loop Cards
- 5.3. Open Loop Cards
- 6. India Prepaid Cards Market by Purpose
- 6.1 Introduction
- 6.2 Payroll/Incentive Cards
- 6.3 Travel Cards
- 6.4 General Purpose Reloadable (GPR) Cards
- 6.5 Remittance Cards
- 6.6 Others
- 7. India Prepaid Cards Market by Vertical
- 7.1 Introduction
- 7.2 Corporate/Organization
- 7.3 Retail
- 7.4 Government
- 7.5 Others
- 8. India Prepaid Cards Market by Region
- 8.1 Introduction
- 8.2 West and Central India
- 8.3 South India
- 8.4 North India
- 8.5 East India
- 9. SWOT Analysis
- 10. Porter’s Five Forces
- 11. Market Value Chain Analysis
- 12. Competitive Landscape
- 12.1 Competitive Scenario
- 12.2 Company Profiles
- 12.2.1 Axis Bank
- 12.2.2 Itz Cash
- 12.2.3 ICICI Bank
- 12.2.4 SBI
- 12.2.5 HDFC
- 12.2.6 PNB
- 12.2.7 Yes Bank
- 12.2.8 Sodexo
- 12.2.9 Kotak Mahindra Bank
- 12.2.10 Oxyigen
- 12.2.11 Hermes
- 12.2.12 India Transact Services
- 12.2.13 Western Union
- List of Figures
- Figure 1: India Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 2: India Prepaid Cards Market by Card Type, 2024
- Figure 3: India Prepaid Cards Market by Purpose, 2024
- Figure 4: India Prepaid Cards Market by Vertical, 2024
- Figure 5: India Prepaid Cards Market by Region, 2024
- Figure 6: India Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 7: India Prepaid Cards Market by Card Type (in %), 2024 & 2034
- Figure 8: India Open Loop Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 9: India Open Loop Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 10: India Closed Loop Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 11: India Closed Loop Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 12: India Prepaid Cards Market by System Purpose (in %), 2024 & 2034
- Figure 13: India Payroll/Incentive Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 14: India Payroll/Incentive Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 15: India Travel Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 16: India Travel Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 17: India General Purpose Reloadable (GPR) Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 18: India General Purpose Reloadable (GPR) Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 19: India Remittance Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 20: India Remittance Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 21: India Other Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 22: India Other Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 23: India Prepaid Cards Market by Vertical (in %), 2024 & 2034
- Figure 24: India Corporate/Organization Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 25: India Corporate/Organization Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 26: India Retail Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 27: India Retail Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 28: India Government Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 29: India Government Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 30: India Other Verticals Prepaid Cards Market (in US$ Million), 2020-2024
- Figure 31: India Other Verticals Prepaid Cards Market (in US$ Million), 2025-2034
- Figure 32: India Prepaid Card Market by Region (in %), 2024 & 2034
- Figure 33: West and Central India Prepaid Card Market (in US$ Million), 2020-2024
- Figure 34: West and Central India Prepaid Card Market (in US$ Million), 2025-2034
- Figure 35: South India Prepaid Card Market (in US$ Million), 2020-2024
- Figure 36: South India Prepaid Card Market (in US$ Million), 2025-2034
- Figure 37: North India Prepaid Card Market (in US$ Million), 2020-2024
- Figure 38: North India Prepaid Card Market (in US$ Million), 2025-2034
- Figure 39: East India Prepaid Card Market (in US$ Million), 2020-2024
- Figure 40: East India Prepaid Card Market (in US$ Million), 2025-2034
- Figure 41: Market Value Chain
- List of Tables
- Table 1: India Prepaid Cards Market Portraiture
- Table 2: India Prepaid Cards Market by Card Type (in US$ Million), 2024 & 2034
- Table 3: India Prepaid Cards Market by Purpose (in US$ Million), 2024 & 2034
- Table 4: India Prepaid Cards Market by Vertical (in US$ Million), 2024 & 2034
- Table 5: India Prepaid Cards Market by Region (in US$ Million), 2024 & 2034
- Table 6: List of Key Players
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook