Published by IMARC Services Private Limited
Posted on October 12, 2021
4 min readLast updated: January 29, 2026
India's prepaid cards market is set to grow significantly, driven by urbanization, smartphone use, and government cashless initiatives.
According to IMARC Group latest report titled” India Prepaid Cards Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the reached a value of US$ 63 Billion in 2020. Looking forward, IMARC Group expects the India Prepaid Cards market size to grow at a CAGR of 35.2% during 2021-2026. A prepaid card refers to a payment card that has been pre-stored with money. It is a secure alternative payment method, which does not draw on a line of credit from a bank account. As compared to traditional modes of payment, a prepaid card is more convenient, provides faster checkout, protects against fraudulent activities, and works with both closed- and open-loop networks. This card is usually obtained from a financial service provider and can be used by anyone irrespective of income and credit rating.
Request to get the sample report: https://www.imarcgroup.com/india-prepaid-cards-market/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The prepaid card market in India is majorly being driven by rapid urbanization and the increasing proliferation of smartphones, along with the availability of high-speed internet in the country. This is further supported by significant growth in the e-commerce sector, which is supporting the rising shift toward online payments through prepaid cards. Additionally, the Government of India (GoI) introduced demonetization in the country to promote a cashless economy, which is creating a positive outlook for the market.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-prepaid-cards-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
India Prepaid Cards Market Segmentation:
Our report has categorized the market based on region, card type, purpose and vertical.
Market Breakup by Card Type:
Market Breakup by Purpose:
Market Breakup by Vertical:
Market Breakup by Region:
Key highlights of the report:
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
Also Read:
North America Smart Lighting Market: https://www.imarcgroup.com/north-america-smart-lighting-market
North America IT Training Market: https://www.imarcgroup.com/north-america-it-training-market
US Secondary Wood Products Market: https://www.imarcgroup.com/us-secondary-wood-products-market
North America Calcium Chloride Market: https://www.imarcgroup.com/north-america-calcium-chloride-market
North America Automotive Lead-Acid Battery Market: https://www.imarcgroup.com/north-america-automotive-lead-acid-battery-market
North America Fire Extinguisher Market: https://www.imarcgroup.com/north-america-fire-extinguisher-market
North America Lyocell Fiber Market: https://www.imarcgroup.com/north-america-lyocell-fiber-market
North America Citric Acid Market: https://www.imarcgroup.com/north-america-citric-acid-market
East Africa Gypsum Plaster Market: https://www.imarcgroup.com/east-africa-gypsum-market
Europe Automotive Lead-Acid Battery Market: https://www.imarcgroup.com/europe-automotive-lead-acid-battery-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
The article discusses the growth and trends in the India prepaid cards market from 2021 to 2026.
Urbanization, smartphone proliferation, and government cashless initiatives are key drivers.
The market is expected to grow at a CAGR of 35.2% from 2021 to 2026.
Explore more articles in the Research Reports category
