Content Tag: open loop prepaid card
Fintech challenger banks using prepaid’s flexible technology as a platform for innovative consumer banking solutions drove growth
More than twenty-five industry leaders will present actionable insights around the evolution of payments and the role of prepaid in Canada’s paytech growth
Galileo, Netspend, Spring Card Systems, Stack, and Vancity Community Investment Bank join membership
One-day educational event will explore critical topics in the evolution of payments with a focus on prepaid as a core capability
Prepaid solutions have evolved beyond a niche product that fills a gap in the current payments system. Today, prepaid has emerged into a core capability in payment and financial technology and continues to prove its usefulness as a financial mechanism and profit driver for the 21stcentury economy and many of the leading innovators. That being said, prepaid technology needs to be empowered further in Canada to grow in various areas so that it can catch up with global developments.
Prepaid loads reached a new milestone in Canada as they hit nearly $4 billion in 2017, according to the latest Mercator Advisory Group study, The Canadian Open Loop Prepaid Market: 2017. Not only have prepaid products achieved a steady growth of 27 percent over the past 3 years, but a wide range of new uses for prepaid has emerged, including payments to gig workers, online gaming and bank account supplements for digital-first millennials.
Canadian Prepaid Providers Organization (CPPO) releases annual study showing the open-loop prepaid card market is nearing CAD$4 billion
Innovators showcase will feature Curexe, Dwello, Remitr and Stack
Prepaid industry founders, tech influencers and mobile payments leaders will explore prepaid’s role in driving payments innovation