World Prepaid credit card Market

Date: 2016-08

Prepaid credit cards though termed so, are not exactly credit cards, as they provide no credit to the cardholder. The card allows the customers to spend money that they have already deposited in the account concerned. These cards are powered by MasterCard, Visa, American Express, etc., making them acceptable at cash counters. As per Mercator Advisory Group, consumers deposited almost $28.6 billion in Prepaid credit cards in the year 2009 and this amount is estimated to reach $168 billion by 2015.

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