NasdaqGS:SOFI
NasdaqGS:SOFIConsumer Finance

Digital Payment Today - Cashless Revolution: Prepaid Cards Drive Market Growth

The U.S. prepaid card and digital wallet market is experiencing significant growth, driven by an increasing preference for cashless transactions, the rise of e-commerce, and innovations in closed-loop prepaid cards. Projected to expand by 11% annually to $749.46 billion by 2025, the market benefits from a mix of consumer demand and institutional initiatives, including government disbursements and financial inclusion efforts. As regulatory frameworks evolve and competition intensifies among...