MasterCard is Diggin Their Prepaid Debit Card Volume as Well

in Prepaid Debit News

MasterCard prepaid debit card

Yesterday, we mentioned that Visa is lovin’ the prospects for prepaid debit card growth in the U.S. and around the world.

It turns out that MasterCard is a big fan of prepaid debit as well.

In their quarterly earnings call on July 30, MasterCard announced the following:

The number of MasterCard branded cards worldwide grew 1.2% to 959 million in the quarter, and excluding the U.S., the rest of the world card issuance grew 10%. The majority of this growth was principally driven by issuance of MasterCard debit and prepaid cards. As of June 30, 2009, there were approximately 1.6 billion MasterCard and Maestro branded cards issued.

(We highlighted the part about prepaid debit and debit card growth). Folks, the MAJORITY of MasterCard (and Visa) payment card growth is in prepaid and regular debit. Prepaid and debit are the wave of the future, and the big financial services companies are bankin’ on it.

Check Out These Other Prepaid Debit Cards:

Tagged as: MasterCard Debit Cards, mastercard prepaid

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