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Dublin, November 24, 2021/PRNewswire/-"German Prepaid Card Business and Investment Opportunities-Market Size and Forecast (2016-2025), Consumer Attitudes and Behavior, Retail Expenditure, Market Risk" report has been added to ResearchAndMarkets. Provided by com.
According to the global prepaid card survey in the second quarter of 2021, the German prepaid card market is expected to grow by 11.5% year-on-year in 2021, reaching US$32.562 billion. The prepaid card market is expected to grow during the forecast period, with a compound annual growth rate of 10.6% during the period 2021-2025. The prepaid card market in Germany will increase from USD 29.201 billion in 2020 to USD 43.621 billion in 2025. For many years, cash has played an important role in the German economy. However, the ever-changing digital payment landscape and the acceleration of the global coronavirus pandemic have led to the country's increasing adoption of digital payments. In order to further accelerate this trend and promote the acceptance of digital payments by merchants in the country, the German government is taking a number of initiatives, such as issuing electronic money institution (EMI) licenses to payment processing companies. The emerging e-commerce industry supports the development of the prepaid card industry in Germany:
In the past four to eight quarters, many brick-and-mortar stores in the country have been online, mainly because of the global coronavirus outbreak that has led to a nationwide lockdown. This has led to the increasing adoption of e-commerce shopping by consumers in the country, thus driving the growth of the prepaid card market. Strategic partnerships between payment and gift card companies are increasing:
With the increasing popularity of prepaid card solutions such as digital gift cards, payment service providers and gift card providers are establishing strategic partnerships to launch innovative prepaid gift cards in the German market. E.g,
In April 2021, global payment service provider Nets and global gift card provider Gifted reached a strategic partnership to provide merchants and consumers with digital instant prepaid gift cards. According to the strategic cooperation, Gifted will provide prepaid gift card solutions for the market.
Market attractiveness of the prepaid card industry in Germany
Market share analysis by functional attributes-open loop and closed loop, 2016-2025
Market share analysis by prepaid card category
Future growth trends of open-loop prepaid cards in Germany, 2016-2025
Future growth trends of closed-loop prepaid cards in Germany, 2016-2025
Consumers' use trend of prepaid cards in Germany
General Prepaid Card Market Scale and Forecast in Germany
German gift card market size and forecast
Gift card market size and forecast by functional attributes
The size and forecast of the gift card market by consumers
Analysis of Gift Card Market Share by Retail Category
Analysis of Gift Card Market Share by Gift Occasion
Analysis of Gift Card Market Share by Purchase Location
German entertainment and gaming prepaid card market size and forecast
German youth and campus prepaid card market size and forecast
Forecast of the Market Scale and Functional Attributes of Prepaid Cards for Teenagers and Campuses
Market size and forecast of prepaid cards for commercial and administrative expenses in Germany
Commercial and administrative expense prepaid card market size and consumer segmentation forecast
The scale and forecast of the German wage prepaid card market
Salary prepaid card market size and forecast by consumers
Market size and forecast of German meal prepaid card market
Prepaid Meal Card Market Scale and Consumer Group Forecast
Market size and forecast of German tourism foreign exchange prepaid card
The scale and forecast of the travel foreign exchange prepaid card market segmented by consumers
German transit and toll prepaid card market size and forecast
German healthcare prepaid card market size and forecast
Market size and forecast of prepaid cards for social security and other government welfare programs in Germany
German fuel prepaid card market size and forecast
German utilities and other prepaid card market size and forecast
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