India Prepaid Cards & Retail Fuel Spend Market Outlook to 2023

India Prepaid Cards & Retail Fuel Spend Market Outlook to 2023

A rapidly evolving market with immense growth potential India Prepaid Cards & Retail Fuel market is being driven by the rising disposable incomes of the consumers and the varied gift cards offered by companies and retail outlets. The monetary value of the prepaid card is stored on its own, so that such products do not require the opening of a direct deposit or credit account with a bank. Few prepaid cards are not rechargeable, that is, gift cards, so these cards are disposed of off after their virtual sum is completely utilized. On the other hand, rechargeable prepaid cards can be regularly replenished with funds. Prepaid cards can also be bought online as well as from retailers, such as supermarkets, gas stations, office supplies stores, and drug stores.

• Retail Banking