Government Initiatives Boosting Prepaid Card Growth / Public Transport Providers are Introducing Contactless Ticketing Service & More News Here

DUBLIN, May 13, 2022 /PRNewswire/ — The “Italy Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend” report has been added to ResearchAndMarkets.com’s providing.

The pay as you go card market (worth phrases) in Italy elevated at a CAGR of 9.5% throughout 2017-2021. Over the forecast interval of 2022 to 2026, the market is anticipated to document a CAGR of 11.4%, growing from US$60.63 billion in 2022 to achieve US$93.49 billion by 2026.

This report offers an in depth information centric evaluation of pay as you go cost devices, masking spend via pay as you go playing cards and digital wallets throughout retail and company client segments. In addition, it offers a snapshot of client behaviour and retail spend dynamics in Italy. With over 100 KPIs at nation stage, this report offers complete understanding of pay as you go card and digital pockets card market dynamics.

Italy is on the verge of a growth with increased utilization of digital wallets and pay as you go playing cards. With the onset of the pandemic, the customers shifted to digital modes of cost, which pushed the nation in direction of increased adoption of those cost strategies.

Moreover, to assist Italian residents and companies through the pandemic, digital multi-currency pockets supplier Skrill provided its pockets and fast checkout resolution with none cost for 2 months until December 2020. Therefore, these elements contributed to the upper adoption of pay as you go devices within the nation.

Fintech corporations are partnering with soccer golf equipment in Italy to launch pay as you go playing cards for soccer followers

Various fintech corporations are creating progressive merchandise in partnership with soccer golf equipment focusing on soccer followers, thereby growing their buyer base. For occasion,

• In December 2021, an Italian skilled soccer membership based mostly in Rome, AS Roma, has partnered with a British fintech firm, REPX, to launch an progressive new pay as you go card for Giallorossi followers.

• The Giallorossi pay as you go card is particularly designed for the followers to work together with their favourite group. Moreover, the Giallorossi followers can entry unique gives and get notified about merchandising, shopping for tickets, additionally for getting invites for unique occasions.

• The customers of the pay as you go card will even get the advantage of transferring cash immediately between supporters with none cost.

Story continues

Public transport suppliers are introducing contactless ticketing service for the passengers in Italy

Digital wallets and contactless cost strategies obtained immense reputation among the many customers of Italy. Moreover, the federal government is taking numerous initiatives amid the pandemic to digitize the fare cost strategies within the nation.

• In August 2021, public transport corporations in Italy, comparable to bus and funicular railway operator Azienda Trasporti Bergamo (ATB) and tram operator Tramvie Elettriche Bergasmasche (TEB), have launched account-based ticketing companies on all their autos, along with contactless validators throughout their networks within the northern Italian metropolis of Bergamo.

• The passengers will be capable to make contactless funds for his or her fares utilizing their credit score or debit card or from the digital pockets on their NFC-enabled cell system.

• The contactless ticketing service will assist credit score and debit card funds from Visa, Mastercard, Maestro, and American Express.

• Together with this, digital wallets comparable to Google Pay, Apple Pay, and Samsung Pay may also be utilized by passengers for funds on their NFC-enabled smartphones and smartwatches.

The writer expects, with the altering style and desire of the customers in Italy, these contactless funds are more likely to obtain a lot appreciation within the subsequent six to eight quarters.

Government initiative boosting pay as you go card development in Italy

The Italian authorities additionally took numerous initiatives to push contactless funds.

• In December 2020, the Italian authorities introduced that customers in Italy would obtain a ten% refund into their checking account for making cashless in-store funds utilizing a credit score, debit, or pay as you go card or cost app. This Italia Cashless initiative continued in 2021 additionally.

• Together with this, the patron and retailers who will make the best variety of cashless in-store purchases in six months, in every week, in a month, or a 12 months shall be eligible for a Super Cashback competitors.

The writer tasks that these initiatives by the federal government have efficiently injected contactless funds among the many customers, thereby boosting the expansion of pay as you go playing cards and digital wallets within the nation.

Scope

Companies Featured

• Coop Italia scarl

• CONAD – Consorzio Nazionale Dettaglianti Scrl

• Esselunga SpA

• Selex Gruppo Commerciale SpA

• Auchan Group SA

• Gruppo Eurospin

• Carrefour SA

• Crai Secom SpA

• Schwarz Beteiligungs GmbH

• Apple Inc

• Amazon.com Inc

Italy Digital Wallet Market Size and Forecast

• Transaction Value Trend Analysis

• Transaction Volume Trend Analysis

• Average Value per Transaction

Italy Digital Wallet Market Size and Forecast by Key Segments

• Retail Shopping (Value, Volume, Avg. Value)

• Travel (Value, Volume, Avg. Value)

• Entertainment and Gaming (Value, Volume, Avg. Value)

• Restaurant (Value, Volume, Avg. Value)

• Recharge and Bill Payment (Value, Volume, Avg. Value)

Italy Prepaid Card Industry Market Attractiveness

• Load Value Trend Analysis

• Transaction Value Trend Analysis

• Transaction Volume Trend Analysis

• Average Value per Transaction

• Number of Cards

Market Share Analysis by Functional Attributes – Open Loop vs. Closed Loop, 2016 – 2025

Market Share Analysis by Prepaid Card Categories

Italy Open Loop Prepaid Card Future Growth Dynamics, 2016 – 2025

• Transaction Value Trend Analysis

• Transaction Volume Trend Analysis

• Average Value per Transaction

• Number of Cards

Italy Closed Loop Prepaid Card Future Growth Dynamics, 2016 – 2025

• Transaction Value Trend Analysis

• Transaction Volume Trend Analysis

• Average Value per Transaction

• Number of Cards

Italy Prepaid Card Consumer Usage Trends

• By Age Group

• By Income Group

• By Gender

Italy General Purpose Prepaid Card Market Size and Forecast

Italy Gift Card Market Size and Forecast

Gift Card Market Size and Forecast by Functional Attribute

Gift Card Market Share Analysis by Retail Categories

Gift Card Market Share Analysis by Gifting Occasion

Gift Card Market Share Analysis by Purchase Location

Italy Entertainment and Gaming Prepaid Card Market Size and Forecast

Italy Teen and Campus Prepaid Card Market Size and Forecast

Teen and Campus Prepaid Card Market Size and Forecast by Functional Attribute

Italy Business and Administrative Expense Prepaid Card Market Size and Forecast

• By Small Scale Business Segment

• By Mid-Tier Business Segment

• By Enterprise Business Segment

• By Government Segment

Italy Payroll Prepaid Card Market Size and Forecast

• By Small Scale Business Segment

• By Mid-Tier Business Segment

• By Enterprise Business Segment

• By Government Segment

Italy Meal Prepaid Card Market Size and Forecast

• By Small Scale Business Segment

• By Mid-Tier Business Segment

• By Enterprise Business Segment

• By Government Segment

Italy Travel Forex Prepaid Card Market Size and Forecast

• By Retail

• By Small Scale Business Segment

• By Mid-Tier Business Segment

• By Enterprise Business Segment

• By Government Segment

Italy Transit and Tolls Prepaid Card Market Size and Forecast

Italy Healthcare and Wellness Prepaid Card Market Size and Forecast

Italy Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast

Italy Fuel Prepaid Cards Market Size and Forecast

Italy Utilities, and Other Prepaid Cards Market Size and Forecast

For extra details about this report go to https://www.researchandmarkets.com/r/x3aws4

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Research and Markets
Laura Wood, Senior Manager
[email protected]

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