Tesla announces Nov. annual meeting under pressure from shareholders, but may still be skirting law
Billionaire Elon Musk's company said in a regulatory filing on Thursday that the meeting would be held Nov. 6, but that may prove troublesome because it comes nearly three months after it is required to do so under state law in Texas, where the company is incorporated.
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The global prepaid card and digital wallet market is poised for significant growth, projected to expand at an annual rate of 11.3%, reaching $2.13 trillion by 2025. From 2020-2024, the market experienced a 13.6% growth, with a CAGR of 9.1% expected through 2029. Key trends include China's integration of prepaid cards into digital wallets, India's use for government disbursements, and rising U.S. prepaid travel card usage. Technological innovations and regulatory support will further drive market growth. Major players like American Express and new entrants such as Amazon continue to shape this evolving industry landscape. Global Prepaid Card and Digital Wallet Market Dublin, July 16, 2025 (GLOBE NEWSWIRE) -- The "Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to offering. The global prepaid card and digital wallet market is expected to grow by 11.3% on annual basis to reach US$ 2.13 trillion in 2025. The global prepaid card and digital wallet market has experienced robust growth during 2020-2024, achieving a CAGR of 13.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 9.1% during 2025-2029. By the end of 2029, the prepaid card and digital wallet market is projected to expand from its 2024 value of US$ 1.92 trillion to approximately US$ 3.02 trillion. The prepaid card market is undergoing significant transformations across different regions, driven by country-specific trends and evolving consumer behaviors. China's deepening integration of prepaid cards with digital wallets, India's use of prepaid solutions for government disbursements, and the United States' increasing reliance on prepaid travel cards highlight the diverse applications of these financial instruments. These trends reflect the broader movement towards cashless transactions, financial inclusion, and enhanced payment the next few years, the global prepaid card market is expected to expand further, fueled by technological innovations, regulatory support, and increased adoption by businesses and governments. Countries such as South Korea and Brazil are seeing prepaid card solutions becoming embedded in mobile payments and e-commerce, setting the stage for continued growth. As competition intensifies and financial institutions enhance their offerings, prepaid cards will be more integral in the digital payment ecosystem worldwide. Competitive Landscape of the Global Prepaid Card Market The prepaid card market is changing significantly, with global demand rising across different sectors and regions. Established financial institutions, fintech firms, and technology companies actively compete to introduce innovative prepaid solutions, making the market highly dynamic. As regulatory frameworks evolve and consumer adoption increases, prepaid cards will continue to play a central role in the digital payment remain competitive over the next few years, businesses and financial service providers must adapt to changing consumer expectations, regulatory requirements, and technological advancements. With the growing emphasis on security, convenience, and financial inclusion, the global prepaid card market is set for sustained expansion, presenting opportunities for market participants to innovate and scale their operations. Expansion of Digital Payment Ecosystems in China China has significantly integrated prepaid cards within its digital payment platforms. Companies such as Alipay and WeChat Pay have incorporated prepaid card functionalities, allowing users to load funds and make seamless transactions across various services. The widespread adoption of smartphones and the cultural preference for mobile payments have propelled this trend. The convenience offered by digital wallets, combined with the government's push towards a cashless society, has further encouraged using prepaid cards within these ecosystems. Integrating prepaid cards with digital wallets is expected to deepen, increasing acceptance across various sectors, including retail and transportation. This trend will likely enhance financial inclusion and reduce reliance on cash transactions in China. Adoption of Prepaid Cards for Government Disbursements in India The Indian government has increasingly utilized prepaid cards to distribute social welfare benefits. Programs such as the Direct Benefit Transfer (DBT) scheme employ prepaid cards to ensure efficient and transparent fund distribution to beneficiaries. This trend has been driven by the need for a streamlined and corruption-free method of disbursing government funds. Prepaid cards offer a secure and direct means to transfer benefits, minimizing leakages and ensuring that assistance reaches the intended recipients. The use of prepaid cards for government disbursements is expected to expand, improving the effectiveness of social welfare programs and promoting financial inclusion among India's unbanked population. Growth of Prepaid Travel Cards in the United States American travelers are increasingly using prepaid travel cards. Financial institutions such as American Express offer travel cards that allow users to load multiple currencies, providing a secure and convenient payment method abroad. The resurgence of international travel post-pandemic and the need for cost-effective foreign exchange solutions have driven this trend. Prepaid travel cards, which provide favorable exchange rates and protection against currency fluctuations, appeal to frequent travelers. As global travel continues to recover, the demand for prepaid travel cards in the U.S. is anticipated to grow. Financial institutions may enhance their offerings with additional features to attract a broader customer base. Integration of Prepaid Cards with Mobile Payment Systems in South Korea South Korea is witnessing increased integration of prepaid cards with mobile payment platforms. Companies such as Samsung Pay have introduced prepaid card options within their mobile wallets, allowing users to manage funds conveniently. South Korea's advanced technological infrastructure and high smartphone penetration have facilitated this integration. Consumers' preference for quick and efficient payment methods has also played a significant role. The seamless integration of prepaid cards with mobile platforms is expected to become more prevalent, leading to higher adoption rates and a shift towards a cashless society in South Korea. Rising Use of Prepaid Cards for E-commerce in Brazil Brazil has observed a notable increase in the use of prepaid cards for online shopping. E-commerce platforms partner with financial institutions to offer prepaid card solutions, catering to consumers without traditional banking access. The rapid growth of the e-commerce sector and a significant unbanked population have driven this trend. Prepaid cards provide a secure payment method for online purchases, enabling broader participation in the digital economy. The trend is expected to intensify, with more e-commerce platforms and financial institutions collaborating to offer prepaid card solutions. This will likely increase consumer engagement and a broader acceptance of prepaid digital solutions in Brazil. Key Players and Market Share Major financial institutions dominate the global prepaid card market, including American Express, Mastercard, Visa, PayPal Holdings Inc., and Green Dot Corporation. These companies offer various prepaid solutions, from general-purpose reloadable (GPR) cards to corporate expense management tools catering to individual consumers and businesses. Their extensive financial networks and partnerships with banks, retailers, and fintech firms have solidified their market presence. In addition to these established players, technology giants such as Amazon, Apple, and Google have entered the prepaid card market, particularly in the digital gift card and wallet-linked prepaid card segments. The rise of fintech startups has further increased market competition, with companies offering innovative prepaid solutions that integrate with e-commerce platforms, mobile wallets, and contactless payment systems. This influx of new entrants drives innovation and intensifies competition among service providers. Recent Launches and Partnerships Strategic partnerships and acquisitions are shaping the prepaid card landscape, with companies seeking to expand their market presence and enhance service offerings. Collaborations between banks, fintech firms, and retailers have facilitated the growth of digital gift cards, payroll cards, and travel cards, increasing consumer accessibility and usage. Integrating prepaid cards with mobile payment platforms has also led to partnerships between telecom companies and financial institutions. Mergers and acquisitions have been instrumental in consolidating market positions and expanding product portfolios. Financial service providers are acquiring smaller fintech firms to enhance their technological capabilities, while payment networks are acquiring prepaid card issuers to strengthen their market dominance. These strategic moves are expected to continue, driving further innovation and increasing the competitiveness of the prepaid card industry. Prepaid Card Market Analysis Metrics Assessed: The study examines the prepaid card market through various lenses, including transaction value, transaction volume, average transaction value, load value, and the total number of cards in circulation. Card Types: A distinction is made between open-loop and closed-loop prepaid cards, providing insights into their respective market shares and growth trajectories. Usage Categories: The report segments the prepaid card market into various categories such as general-purpose cards, business and administrative expense cards, travel forex cards, and meal cards. Business Segmentation: Further segmentation is provided based on business size and type, including small-scale businesses, mid-tier businesses, enterprise-level businesses, government entities, and retail consumers. Sector-Specific Applications: The analysis extends to specific sectors utilizing prepaid cards, including transit and toll payments, healthcare and wellness services, social security and other government benefit programs, fuel purchases, utilities, and more. Digital Wallet Market Insights Key Segments: The digital wallet market is dissected across five primary spending categories: retail shopping, travel, entertainment and gaming, dining establishments, and recharge and bill payments. Performance Metrics: For each segment, the report evaluates transaction value, transaction volume, and average transaction value, offering a granular view of consumer spending behaviors. Retail Spend Breakdown: An in-depth analysis is provided for retail spending via digital wallets, covering categories such as food and grocery, health and beauty products, apparel and footwear, books, music and video, consumer electronics, pharmacy and wellness, gas stations, restaurants and bars, toys, kids and baby products, services, and other miscellaneous categories. Virtual Prepaid Card Market Segmentation Categories Analyzed: The virtual prepaid card market is segmented into key categories, including general-purpose cards, gift cards, entertainment and gaming cards, teen and campus cards, business and administrative expense cards, payroll cards, meal cards, travel forex cards, transit and toll cards, social security and other government benefit program cards, fuel cards, utilities, and other miscellaneous categories. Performance Evaluation: For each category, the report assesses transaction value, providing insights into the adoption and usage patterns of virtual prepaid cards across different consumer segments. A Bundled Offering, Combining One Global and 20 Country Reports (tables 2331, Figures 2856) Global Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Argentina Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Australia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Brazil Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Canada Prepaid Card and Digital Wallet Business and Investment Opportunities Databook China Prepaid Card and Digital Wallet Business and Investment Opportunities Databook France Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Germany Prepaid Card and Digital Wallet Business and Investment Opportunities Databook India Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Indonesia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Italy Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Kenya Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Mexico Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Nigeria Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Philippines Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Russia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook South Africa Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Thailand Prepaid Card and Digital Wallet Business and Investment Opportunities Databook United Arab Emirates Prepaid Card and Digital Wallet Business and Investment Opportunities Databook United Kingdom Prepaid Card and Digital Wallet Business and Investment Opportunities Databook United States Prepaid Card and Digital Wallet Business and Investment Opportunities Databook Key Attributes: Report Attribute Details No. of Pages 3339 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $2.13 Trillion Forecasted Market Value (USD) by 2029 $3.02 Trillion Compound Annual Growth Rate 9.1% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
