UK Prepaid Cards Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Card Market in UK and it is segmented By Card Type (Multi-Purpose, Single-purpose), By Vertical (Retail, Corporate Institutions, Government, Financial Institutions & Others), and By Usage (General Purpose Reloadable Cards, Gift Card, Government Benefits Disbursement Card, Incentive Payroll Card).

UK Prepaid Cards Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

UK Prepaid Cards Market Size

UK Prepaid Cards Market Growth
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.00 %
Market Concentration Medium

Major Players

UK Prepaid Cards Market Key Players

*Disclaimer: Major Players sorted in no particular order

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UK Prepaid Cards Market Analysis

The UK Prepaid Cards Market is expected to register a CAGR of 7% during the forecast period.

Credit and Debit cards are the popular method of payment in the UK. The rise in prepaid cards has gone hand-in-hand with the decline in credit card usage in the UK. Due to increased corporate use, prepaid cards are also seeing rapid development in the country. In addition, the UK government is pushing for the usage of prepaid cards for welfare payments. In the United Kingdom, card issuers are concentrating on developing prepaid solutions that cater to specific retail groups such as international tourists, students, and migratory workers. The prepaid card solutions that offer enhanced spending control features that allow better tracking and reporting capabilities are most favored by consumer in the UK.

The e-commerce as well as online payments and transaction are increasing drastically while instances of online fraud and scam are also increasing proportionately. Consumer are seeking greater protection from online fraud and switching to new ways to access services and goods and increasingly adopting prepaid cards as they prefer set amount of pre-loaded money rather than accessing money directly form a person's account or paying through credit card bills. Prepaid cards are mostly being used for online shopping in UK to avoid the risk of bank or credit card details being stolen by the scammers.

UK Prepaid Cards Industry Overview

The UK Prepaid Cards Market is highly fragmented as a large number of players are providing various prepaid cards such as gift cards, incentive cards, Corporate Payroll Cards, Travel Cards, etc. In the prepaid card market, companies are pursuing numerous strategic initiatives such as partnerships and collaborations, which are gaining substantial traction. To entice more customers, they are cooperating with other market players to offer prepaid cards with adjustable credit limits and other perks. Some of the major players in the market include Cashplus, Spree Card, Caxton, Centtrip, Revolut, etc.

UK Prepaid Cards Market Leaders

  1. Cash Plus

  2. Caxton

  3. Centtrip

  4. Revolut

  5. Spree Cards

  6. *Disclaimer: Major Players sorted in no particular order
Cash Plus, Caxton, Centtrip, Revolut, Spree Cards
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UK Prepaid Cards Market News

  • In July 2021, Soldo, a startup that issues prepaid company cards to employees that are linked to an automated spending management system, has raised USD 180 million in funding. Soldo presently has 26,000 customers in 30 countries, ranging from small to medium-sized businesses to midmarket companies and huge multinationals.
  • In March 2021, Cashplus, a leading fintech SME bank, added five more prominent Payroll technology platforms to its growing roster of Payments API partners. The Cashplus Payment API is a Banking as a Service offering that employs Open Banking technology to allow Payroll Software Platforms to integrate Bulk Payment functionality directly into their own Payroll, allowing their clients to make bulk payments with ease.

UK Prepaid Cards Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Driver
  • 4.3 Market Restraints
  • 4.4 Porters 5 Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Insight on Various Government Regulations in the Market
  • 4.6 Insight on Technologial Adoption in the Market
  • 4.7 Impact of Covid 19 on market

5. MARKET SEGMENTATION

  • 5.1 By Card Type
    • 5.1.1 Multi-Purpose Card
    • 5.1.2 Single-Purpose Card
  • 5.2 By Vertical
    • 5.2.1 Retail
    • 5.2.2 Corporate Institutions
    • 5.2.3 Governments
    • 5.2.4 Financial Institutions
    • 5.2.5 Others
  • 5.3 By Service Type
    • 5.3.1 General Purpose Reloadable Cards
    • 5.3.2 Gift Cards
    • 5.3.3 Government Benefit/ Disbursement Cards
    • 5.3.4 Incentive/ Payroll Cards

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Cash Plus
    • 6.2.2 Caxton
    • 6.2.3 Centtrip
    • 6.2.4 Revolut
    • 6.2.5 Spree Cards
    • 6.2.6 Anna
    • 6.2.7 Soldo
    • 6.2.8 Brinks Incorporated
    • 6.2.9 Edenred
    • 6.2.10 Equals Money*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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UK Prepaid Cards Industry Segmentation

A prepaid card is one that can be used to make purchases across the physical or the online store. Prepaid Card is purchased as a card with funds pre-loaded on it. The card can then be used to make purchases up to that amount. A prepaid card is sometimes known as a stored-value card or a prepaid debit card. This report aims to provide a detailed analysis of the UK Prepaid Cards Market. It focuses on the market dynamics, emerging trends in the segments, the future of markets, and insights on various drivers and restraints. Also, it analyses the key players and the competitive landscape in the market. The UK Prepaid Cards Market can be segmented By Card Type (Multi-Purpose, Single-purpose), By Vertical (Retail, Corporate Institutions, Government, Financial Institutions & Others), and By Usage (General Purpose Reloadable Cards, Gift Card, Government Benefits Disbursement Card, Incentive Payroll Card).

By Card Type Multi-Purpose Card
Single-Purpose Card
By Vertical Retail
Corporate Institutions
Governments
Financial Institutions
Others
By Service Type General Purpose Reloadable Cards
Gift Cards
Government Benefit/ Disbursement Cards
Incentive/ Payroll Cards
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UK Prepaid Cards Market Research FAQs

What is the current UK Prepaid Cards Market size?

The UK Prepaid Cards Market is projected to register a CAGR of 7% during the forecast period (2025-2030)

Who are the key players in UK Prepaid Cards Market?

Cash Plus, Caxton, Centtrip, Revolut and Spree Cards are the major companies operating in the UK Prepaid Cards Market.

What years does this UK Prepaid Cards Market cover?

The report covers the UK Prepaid Cards Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the UK Prepaid Cards Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

UK Prepaid Cards Industry Report

Statistics for the 2025 UK Prepaid Cards market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK Prepaid Cards analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.