Consumers have clear preferences when it comes to how to use a prepaid card. A recent Discover® Global Network video shares some of the key prepaid card insights, specifically five prepaid card trends that businesses should be aware of that are shaping the prepaid card industry.
What’s the latest with prepaid cards?
In 2021 Discover Global Network commissioned Aite-Novarica group to find out.
Here are 5 prepaid card usage trends:
The choice for online shopping - 21% of consumers prefer to use prepaid cards for online purchases
Physical cards are favored - 61% prefer getting a physical card by mail or in person
Consumers want acceptance - 91% want their prepaid cards welcomed wherever they shop
The faster, the better - 90% say using funds right away is important or very important
Safety counts - 88% covet safety and strong fraud protection
The information provided herein is sponsored by Discover® Global Network. It is intended for informational purposes, and is not intended as a substitute for professional advice.