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The Canadian Prepaid Providers Organization (CPPO), the collective voice of the open-loop prepaid payments industry in Canada, has released an updated industry forecast in collaboration with Aite-Novarica Group to finalise its... read more

The post Canadian prepaid payments now a CA$8.5 billion industry appeared first on Payments Cards & Mobile.

A new study has found the value of transactions made over prepaid cards will exceed $4.1 trillion globally in 2026; up from $2.3 trillion in 2021 – a substantial growth... read more

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Amid hype about alternative payments and digital currencies, prepaid cards are booming – with growth projected to run faster than e-commerce world-wide over the next ten years. Payments Cards &... read more

The post Prepaid cards market expected to exceed $5.5 trillion dollars by 2028 appeared first on Payments Cards & Mobile.

A New EU directive coming will make it illegal to surcharge for Debit and Credit cards. In the UK the government has extended this to include American Express and PayPal. In 2010 alone consumers spent £473m on such charges, according to estimates by the UK Treasury. A side affect though of his new directive is that loads [...]

The post EU prepaid wallets and cards may need to change fees appeared first on Payments Cards & Mobile.

Credit cards continued to gain share against all other forms of payment in the US in 2015 according to the The Nilson Report, after measuring 11 methods of consumer payments in the US. “Our model measures the payment instruments consumers use to make Personal Consumption Expenditures calculated by the US Bureau of Economic Analysis,” explains David Robertson, publisher [...]

The post US payments: credit cards continue dominance over debit cards and cash appeared first on Payments Cards & Mobile.