Article

Top 20 US Visa, Mastercard and Discover Prepaid Issuers—2025

Purchase volume from the 20 largest US issuers of Mastercard, Visa and Discover brand prepaid cards totaled $194.40 billion in 2025. For the complete ranking, log in and download Issue 1314. This was up 8.1% versus the top 20 issuers in 2024 and up 36.4% versus the top 20 issuers in 2015. Figures include both reloadable and fixed monetary value products. Cash withdrawals are not included in purchase volume. The 20 largest issuers had 429.9 million prepaid cards in circulation on December 31, 2025, a decline o...

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