Canada & Mexico Prepaid Cards Market: Growth Forecast (2024–2032)

A new wave of digital empowerment swept across North America in 2024 as consumers leaned toward smarter, more controlled payment options. In this evolving environment, the prepaid cards market moved toward stronger financial agility, with Canada rising to USD 143.72 billion in 2024 as demand for seamless, reloadable solutions gained momentum across retail, travel, and e-commerce channels.

From 2025 onward, Canada’s market is estimated to increase from USD 143.72 billion in 2024 to USD 281.93 billion by 2028, driven by expanding digital penetration and consumer preference for secure prepaid formats. Mexico is also estimated to advance, enhancing the region’s competitive profile. Its growth from USD 49.21 billion in 2024 to an estimated USD 73.04 billion in 2028 reflects a strengthening digital mindset and a broader appetite for secure, PIN-protected prepaid solutions. These synchronized growth curves indicate how the prepaid cards market is moving toward deeper consumer trust and broader utility across both countries.

By 2032, Canada is projected to reach USD 621.01 billion, and Mexico is projected to climb to USD 115.07 billion, signaling a landscape shaped by convenience, control, and technological refinement. The prepaid cards market is expected to move toward elevated digital independence as both regions transition into a more adaptive and future-ready payment ecosystem.