China Prepaid Cards Market to Reach USD 756.1 Billion by 2033, Impelled by Growing Preference for Electronic Payment Methods

January 22, 2025 | Retail

VIEW FULL TABLE OF CONTENTS

The latest report by IMARC Group, titled “China Prepaid Cards Market Report by Card Type (Closed Loop Cards, Open Loop Cards), Purpose (Payroll/Incentive Cards, Gift Cards, Travel Cards, General Purpose Reloadable (GPR) Cards, and Others), Vertical (Retail, Corporate/Organization, Government, and Others), and Region 2025-2033,” finds that the China prepaid cards market reached a value of USD 415.5 Billion in 2024. A prepaid card, also known as prepaid debit or stored-value card, contains a prepaid amount of money that can be used to pay for goods or services. It creates an alternative payment ecosystem with different incentives for consumers, merchants and payment system providers. Prepaid cards provide convenience to the public by easing everyday financial transactions like shopping, paying bills and withdrawing money from an ATM. It also offers other advantages, such as security, versatility, direct deposit, online shopping, theft protection, and no requirement of credit history or interest rates. On account of these advantages, there has been a rise in the adoption of prepaid cards in China.

China Prepaid Cards Market Trends:

With the rising internet penetration and growing awareness about electronic payment methods, prepaid cards are gaining widespread preference among users in China. Apart from this, the expanding e-commerce industry has led to a surge in the number of online purchases made using electronic modes, such as prepaid cards. In recent years, the Government of China has also revived its efforts to regulate the issuance and circulation of commercial prepaid cards since they are safer than carrying cash. Moreover, several companies are offering prepaid cards to consumers, which is projected to increase the user base in the country. For instance, UnionPay International, a subsidiary of China UnionPay, is offering secure, cost-effective and high-quality cross-border payment services and ensures convenient local services to cardholders and merchants. Besides this, with the incorporation of the latest technologies, contactless prepaid transit is emerging as a popular option as it enables quicker transactions than swiping a card. On account of these factors, the market is projected to reach a value of USD 756.1 Billion by 2033, expanding at a CAGR of 6.54% during 2025-2033.

Market Summary:

Based on the card type, the market has been bifurcated into closed- and open-loop cards. Closed-loop cards are currently the most popular type of prepaid cards in China.
On the basis of the purpose, payroll/incentive cards represent the largest segment. Other major segments include gift, travel, general purpose reloadable (GPR) and other cards.
The market has been categorized based on the vertical into retail, corporate/organization, government and others. At present, the retail segment holds the leading position in the market.
Region-wise, Guangdong exhibits a clear dominance in the market. Other major regions are Jiangsu, Shandong, Zhejiang.
The competitive landscape of the market has been examined in the report, providing detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Card Type, Purpose, Vertical, Region
Region Covered	Guangdong, Jiangsu, Shandong, Zhejiang, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
Email: sales@imarcgroup.com
Phone No: (D) +91 120 433 0800 | www.imarcgroup.com
Americas :- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

China Prepaid Cards Market to Reach USD 756.1 Billion by 2033, Impelled by Growing Preference for Electronic Payment Methods

Purchase Options New Year Sale

Inquire Before Buying

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.