PROSPECTS AND OPPORTUNITIES
Steady growth in circulation numbers and transactions predicted
Pre-paid cards is anticipated to record solid growth in total circulation numbers and volume and current value transactions over the forecast period. Despite increasing competition from alternative payment solutions, the use of these instruments should remain buoyant thanks to enduring appreciation for their convenience, security and capacity to help individuals and companies better control their spending.
Digitalisation will continue to gain momentum
Digitalisation is expected to gain momentum in pre-paid cards throughout the forecast period. This trend will continue to be underpinned by the e-commerce boom and the increasing use of digital wallets.
Fintechs set to face greater challenge from banks in open loop pre-paid cards
The open loop category will remain the dominant contributor to pre-paid cards volume and current value transactions over the forecast period, and is also predicted to be the most dynamic performer in both respects. Revolut and other fintechs will continue to play a highly influential role in this category, particularly when it comes to innovation.
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Overview:
Understand the latest market trends and future growth opportunities for the Pre-Paid Card Transactions industry in Czech Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Pre-Paid Card Transactions industry in Czech Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Pre-Paid Card Transactions in Czech Republic report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Pre-Paid Card Transactions in Czech Republic?
- What are the major trends key to understanding Pre-Paid Card Transactions in Czech Republic?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in the Czech Republic - Category analysis
Charge Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
Use of charge cards is in long-term decline
American Express ceases issuing charge cards to Czech companies
Personal charge cards remains a negligible category
Negative trend set to persist throughout the forecast period
Commercial charge cards will remain the dominant category
Cost cutting efforts by businesses likely to further depress usage levels
Credit Cards in the Czech Republic - Category analysis
Credit Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
Volume and value transaction growth rates slow as usage patterns stabilise
Online shopping boom continues to favour personal credit cards
Competition from BNPL services intensifies
Improvements in economic conditions and financial literacy will underpin growth
Reward schemes set to remain a key battleground for issuers
Conservative borrowing habits and threat from alternatives will temper expansion
Debit Cards in the Czech Republic - Category analysis
Debit Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
Debit cards category profits most from growing adoption of cashless payments
Contactless transactions continue to rise
Czech parents show strong interest in debit cards for children
Growth in circulation numbers and transactions projected to remain solid
Use of debit cards for contactless payments set to become more widespread
More banks expected to start issuing single-use virtual debit cards
Pre-Paid Cards in the Czech Republic - Category analysis
Pre-Paid Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
More versatile open loop pre-paid cards from neobanks gain popularity
Growing use of employee benefit cards boosts open loop transactions
Digitalisation trend becomes more ingrained
Steady growth in circulation numbers and transactions predicted
Digitalisation will continue to gain momentum
Fintechs set to face greater challenge from banks in open loop pre-paid cards
Store Cards in the Czech Republic - Category analysis
Store Cards in the Czech Republic - Company Profile
Financial Cards and Payments in the Czech Republic - Industry Overview
Financial cards and payments in 2024: The big picture
Contactless payments continue to rise steadily
Czech National Bank launches Platba na Kontakt money transfer facility
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Pre-Paid Card Transactions
- Closed Loop Pre-Paid Card Transactions
- Open Loop Pre-Paid Card Transactions
Pre-Paid Card Transactions
A card paid for at point of sale, and permitting the bearer to buy goods or services usually of a particular type up to the pre-paid value. These cards acts as an alternative to cash. The card can be disposable or re-loadable.
See all of our definitionsWhy buy this report?
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- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Pre-Paid Card Transactions research and analysis database.
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