03 April 2014, London, UK (PRWEB) – During 2009-2013, the number of prepaid cards in circulation in Japan increased from 139.3 million cards to 224.5 million cards
From 2009 to 2013, the number of cards in circulation in Japan registered a 2.94% CAGR and climbed to 980.9 million cards in 2013. During the same period of time, the value of the cards payments channel grew at a nearly 3.45% CAGR and touched the USD 723.4 billion (JPY 70.1 trillion) mark in 2013. The development of Japan’s card payments channel was driven primarily by robust growth of the prepaid cards sector, which recorded the highest CAGR, namely 12.68%. The share of the prepaid cards sector grew from 15.9% in 2009 to 22.9% in 2013. During 2009-2013, the number of prepaid cards in circulation in Japan increased from 139.3 million cards to 224.5 million cards, and the transaction value of prepaid cards grew from USD 14.2 billion (JPY 1.3 trillion) to USD 30.1 billion (JPY 2.9 trillion).
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