The prepaid card service industry provides accessible financial alternatives to traditional banking, allowing users to manage their funds without a bank account. Companies in this sector offer prepaid debit and gift cards, money transfer services, and payroll solutions, appealing to both individuals and businesses. This industry is evolving rapidly, driven by advancements in technology and changing consumer banking preferences. With more people utilizing digital payments and seeking control over their finances, prepaid cards are finding a wider market, especially among unbanked populations. By 2025, significant growth is expected as more consumers turn to prepaid solutions for their flexibility and convenience.

The featured companies showcase a range of sizes and specializations, hailing from various locations including the USA, Colombia, and Cameroon. Established firms like Netspend and newer entrants like Bestcash illustrate how this ecosystem responds to market needs. These companies cater to personal and business users, offering prepaid debit cards, financial management tools, payment processing, and more. From founding years ranging from 1950 to 2021, they aim to bridge gaps in financial access, demonstrating agility and innovation in a developing market.

Read on to discover top prepaid card service companies.

Top 22 Prepaid Card Services Companies

1. Netspend

• Website: netspend.com
• Ownership type: Corporate
• Headquarters: Austin, Texas, United States (USA)
• Employee distribution: United States (USA) 92%, India 6%, Other 2%
• Latest funding: $1.0B, August 2022
• Founded year: 1999
• Headcount: 201-500
• LinkedIn: netspend

Netspend, headquartered in Austin, Texas, is a financial services company that specializes in prepaid debit and savings accounts. Established in 1999, the company has carved out a niche in the prepaid card market, offering services that include direct deposit, overdraft protection, and rewards programs. These services are designed to meet the needs of individuals who prefer banking solutions that bypass traditional banking hurdles. Netspend operates primarily through its user-friendly online platform and mobile app, enabling customers to manage their finances with ease. The company has processed over one trillion dollars in transactions and boasts more than 200 million registered accounts, highlighting its significant presence in the industry. In 2022, Netspend secured $1 billion in funding, which positions it well for future growth and innovation in the prepaid card space.

2. Payomatic

• Website: payomatic.com
• Ownership type: Private Equity
• Headquarters: Syosset, New York, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: January 2008
• Founded year: 1950
• Headcount: 1001-5000
• LinkedIn: payomatic

Payomatic, founded in 1950 and based in Syosset, New York, is a financial services provider that specializes in check cashing, money transfers, and prepaid card services. The company operates more than 148 locations throughout the New York metropolitan area, making it a prominent player in the local financial services market. Payomatic caters to both individual consumers and businesses, offering essential services that provide immediate access to cash. Their flagship product, the inPOWER Prepaid Mastercard, allows users to manage their finances conveniently, with features such as direct deposit and a mobile app for real-time account management. Payomatic is licensed as a money transmitter and has established partnerships with major financial institutions, ensuring compliance and security in their operations.

3. Bestcash

• Website: bestcash.me
• Ownership type: Private
• Headquarters: Dibamba, Région Du Littoral, Cameroon
• Employee distribution: Benin 100%
• Founded year: 2021
• Headcount: 201-500
• LinkedIn: bestcash

Bestcash, founded in 2021 and based in Dibamba, Cameroon, is a private financial services company that specializes in offering prepaid Visa cards to both individuals and businesses. The company aims to provide a secure and accessible means for customers to manage their finances and make payments without the necessity of a traditional bank account. Bestcash operates through various channels, including mobile money services and online payment solutions, making it a versatile player in the financial services sector. The prepaid cards offered by Bestcash are designed to cater to a wide range of users, with different tiers available to accommodate various financial needs. The company has established a network of points of sale and distributors across the region, enhancing its accessibility to customers. Bestcash is a product of the United Bank for Africa (UBA), which adds a layer of credibility and support to its operations.

4. Peoplepass S.A.S.

• Website: peoplepass.com.co
• Ownership type: Private
• Headquarters: Bogota, Bogota, Colombia
• Employee distribution: Colombia 100%
• Founded year: 2008
• Headcount: 51-200
• LinkedIn: peoplepass-sas

Peoplepass S.A.S., founded in 2008 and based in Bogotá, Colombia, is a private financial services company that specializes in prepaid card solutions. The company offers a variety of prepaid cards tailored for both personal and corporate use, including options for travel expenses, corporate spending, and everyday purchases. Their product lines include the Tarjeta Bienestar, Tarjeta Market, and several others designed to meet specific financial needs. Peoplepass aims to help customers manage their expenses efficiently while providing easy access to funds. The company operates entirely within Colombia and has a workforce of approximately 55 employees. Their prepaid cards are backed by Visa, ensuring broad acceptance across various merchants and e-commerce platforms. Peoplepass also emphasizes financial education through resources like their blog and financial education magazine, Revista Foco, which further positions them as a knowledgeable player in the financial services sector.

5. Pockit

• Website: pockit.com
• Ownership type: Private Equity
• Headquarters: Cardiff, Wales, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 100%
• Latest funding: $10.0M, August 2023
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: pockit

Pockit is a financial services company based in Cardiff, Wales, established in 2014. It specializes in offering prepaid accounts and cards, cash advances, and credit building services. Pockit primarily targets individuals who may have low credit scores or lack a credit history, providing them with accessible financial solutions to manage their finances effectively. The company has gained traction in the industry, serving over 900,000 customers who appreciate its straightforward approach to banking. Pockit allows users to receive their salaries or benefits a day early, and it offers cashback rewards from various retailers. In August 2023, Pockit secured £10 million in funding, reflecting its growth potential and commitment to enhancing its services. The prepaid Mastercard® issued by Pockit is not a bank account, but it provides essential features that help users manage their money securely and efficiently.

6. PLS Financial Services, Inc.

• Website: pls247.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1997
• Headcount: 1001-5000
• LinkedIn: pls-financial-services

PLS Financial Services, Inc., founded in 1997 and based in Chicago, Illinois, is a financial services provider that specializes in check cashing and prepaid card services. The company primarily targets consumers who need immediate access to cash and financial solutions, particularly those who may not have access to traditional banking services. PLS operates in multiple states, tailoring its offerings to comply with local laws and regulations. With a workforce of over 2,100 employees, PLS has established a significant presence in the financial services industry, focusing on providing accessible financial solutions to underserved communities. Their prepaid card services are designed to meet the needs of customers looking for convenient and reliable financial tools.

7. Serve an American Express Company

• Website: serve.com
• Ownership type: Private
• Headquarters: Salt Lake City, Utah, United States (USA)
• Employee distribution: United States (USA) 50%, Mexico 50%
• Founded year: 2005
• Headcount: 51-200
• LinkedIn: serve-an-american-express-company

Serve an American Express Company, founded in 2005 and based in Salt Lake City, Utah, is a financial services provider specializing in prepaid debit card solutions and money transfer services. The company targets consumers seeking accessible financial options, eliminating the need for credit checks or minimum balances. Serve operates primarily through its online platform, which offers a range of financial management tools designed to simplify money handling for users. With a workforce split between the United States and Mexico, Serve has positioned itself to cater to a broad audience. Their prepaid card services are designed to meet the needs of individuals looking for straightforward and flexible financial solutions, making them a relevant player in the prepaid card industry.

8. Transcash S.A

• Website: transcash.com
• Ownership type: Private
• Headquarters: Los Angeles, California, United States (USA)
• Employee distribution: Ecuador 100%
• Founded year: 2002
• Headcount: 51-200
• LinkedIn: transcash-s-a

Transcash S.A, established in 2002 and headquartered in Los Angeles, California, is a financial services company that specializes in prepaid debit cards. The company offers a range of products, including the Dual Pack Money Sharing Card, General Purpose Reloadable Card, Payroll Card, and Travel Card. These products are designed to cater primarily to consumers who seek convenient and cost-effective financial solutions, particularly targeting unbanked and underbanked individuals. Transcash has developed a patented program that allows for the issuance of two prepaid cards in one pack, facilitating easier money sharing and remittances. With a focus on customer service and accessibility, Transcash aims to provide essential financial products that replace traditional check-cashing services and money orders. The company operates globally, although its employee base is concentrated in Ecuador, and it has not reported any recent funding activities.

9. Recharge

• Website: company.recharge.com
• Ownership type: Venture Capital
• Headquarters: Amsterdam, North Holland, Netherlands
• Employee distribution: Netherlands 98%, Other 2%
• Latest funding: Other (Debt), $46.3M, January 2025
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: recharge-by-cg

Recharge, founded in 2015 and based in Amsterdam, is a fintech company that specializes in prepaid payments. The company connects businesses and consumers through platforms designed to simplify the purchase and use of prepaid products, including digital gift cards and prepaid phone cards. With a global reach, Recharge operates in over 180 countries and offers a wide assortment of prepaid products from more than 900 brands. The company has experienced significant growth, marked by multiple funding rounds, including a recent debt funding of approximately €46 million in January 2025. This funding supports their mission to enhance financial management and customer engagement through prepaid solutions. Recharge's innovative approach has positioned it as a notable player in the prepaid payments industry, making it easier for consumers to manage their finances while providing businesses with tools to engage their customers effectively.

10. Creacard

• Website: creacard.net
• Ownership type: Private
• Headquarters: Paris, Île-De-France, France
• Employee distribution: France 95%, United States (USA) 5%
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: creacard

Creacard SAS, based in Paris, Île-De-France, France, is a financial services company founded in 2010. It specializes in prepaid payment cards, marketed under the brand PCS. The company aims to provide accessible financial solutions for individuals, allowing them to manage their money without the constraints of a traditional bank account. Customers can purchase and reload cards, as well as manage their finances through a user-friendly mobile application. Creacard's prepaid cards are designed to be accessible to all, with no income requirements, and they offer features such as contactless payments and a personalized French bank account number (RIB) for transactions. The company operates primarily in France, with a small presence in the United States, and has established a network of points of sale for card purchases and recharges. Creacard has not reported any funding, indicating a self-sustained operational model.

11. PFS Card Services Ireland Limited (PCSIL)

• Website: prepaidfinancialservices.com
• Ownership type: Corporate
• Headquarters: Ireland
• Latest funding: November 2019
• Founded year: 2008
• Headcount: 51-200
• LinkedIn: prepaid-financial-services

PFS Card Services Ireland Limited (PCSIL) is a financial services company based in Ireland, specializing in prepaid payment solutions. Founded in 2008, the company has carved out a niche in providing prepaid and virtual cards, along with comprehensive account management tools and payment processing services. Their clientele includes individuals, businesses, and various organizations that require efficient and secure payment management. PCSIL operates under the regulations of the Financial Conduct Authority, ensuring compliance and security in their offerings. The company has issued over 5.6 million cards to date and processes approximately 19.7 million transactions annually, amounting to £2.2 billion processed in 2023. Their services are tailored to meet the needs of local authorities, businesses, and individual users, highlighting their adaptability in the payment solutions market.

12. Hello Network Inc.

• Website: hellonetwork.ca
• Ownership type: Private
• Headquarters: Montreal, Quebec, Canada
• Employee distribution: Canada 100%
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: hello-network-inc

Hello Network Inc., based in Montreal, Quebec, is a private financial services company founded in 2015. The firm specializes in offering prepaid Visa cards, providing a practical payment solution for consumers who wish to manage their finances independently of traditional banking systems. With a focus on accessibility and user-friendliness, Hello Network aims to simplify personal financial management for its customers. The company operates entirely within Canada, serving a niche market that values the flexibility and control that prepaid cards offer. Despite not having reported any funding, Hello Network continues to maintain its relevance in the prepaid card industry by catering to the needs of individuals looking for straightforward financial solutions.

13. Pago24

• Website: pago24.com.ar
• Ownership type: Private
• Headquarters: Lomas Del Mirador, Buenos Aires, Argentina
• Employee distribution: Argentina 100%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: pago24

Pago24, founded in 2014 and based in Lomas Del Mirador, Buenos Aires, Argentina, is a private financial services company specializing in payment solutions. They provide a range of services including prepaid cards, virtual wallets, bill payments, mobile top-ups, and cash withdrawals. Catering to both individual consumers and businesses, Pago24 aims to enhance financial accessibility without the need for traditional banking. Their Mastercard prepaid card allows users to manage their finances easily and securely. The company also emphasizes its commitment to social impact and environmental sustainability, operating under a model that seeks to reduce its carbon footprint while promoting financial inclusion. With a workforce of around 57 employees, Pago24 is focused on expanding its reach and services within Argentina, ensuring that they remain relevant in the prepaid card sector.

14. Cartão Elo

• Website: elo.com.br
• Ownership type: Private
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Employee distribution: Brazil 100%
• Founded year: 2011
• Headcount: 501-1000
• LinkedIn: cart%c3%a3o-elo

Cartão Elo, officially known as Elo Serviços S.A., is a Brazilian payment processing company founded in 2011 and headquartered in São Paulo. With a workforce of approximately 843 employees, Elo specializes in offering a range of financial products, including credit, debit, and prepaid cards. The company is recognized for its robust card issuance and payment processing capabilities, both domestically and internationally. Elo's prepaid card services are complemented by their Elo Flex program, which allows users to customize benefits according to their preferences. This flexibility is particularly appealing to consumers looking for tailored financial solutions. Elo has positioned itself as a significant player in the Brazilian payment industry, focusing on secure payment solutions and innovative offerings that cater to the needs of both individual users and businesses.

15. Broxel

• Website: broxel.com
• Ownership type: Private
• Headquarters: Mexico City, Mexico City, Mexico
• Employee distribution: Mexico 95%, United States (USA) 5%
• Founded year: 2010
• Headcount: 501-1000
• LinkedIn: broxel

Broxel, founded in 2010 and based in Mexico City, is a private financial services company that specializes in providing a range of financial products. Their offerings include prepaid cards, virtual vaults, and credit lines, catering to both individual consumers and businesses. The company operates primarily through a digital platform, allowing users to manage their finances conveniently via a mobile app. Broxel's prepaid cards are designed to facilitate payments and financial management, making them a practical choice for users looking for flexible spending options. The company has a strong focus on customer service, offering features such as the ability to receive money from the United States and a family plan for managing children's spending. With a workforce of over 800 employees, Broxel is well-positioned in the financial services sector, particularly in the prepaid card market.

16. Prepaid Ventures, LTD.

• Website: ppvglobal.com
• Ownership type: Private
• Headquarters: New Hyde Park, New York, United States (USA)
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: prepaid-ventures-ltd

Prepaid Ventures, LTD., which has rebranded as Expanse Financial Technologies, is a financial services firm based in New Hyde Park, New York. Founded in 2007, the company specializes in program management and prepaid card solutions. It aims to provide a wide array of financial services that cater to both individual consumers and businesses, helping them navigate their financial needs effectively. With a workforce of around 44 employees, Expanse Financial Technologies is positioned to stimulate growth for its clients through accessible financial solutions. The company has not reported any recent funding, indicating a stable operational model focused on its core services.

17. Koho

• Website: koho.ca
• Ownership type: Venture Capital
• Headquarters: Vancouver, British Columbia, Canada
• Employee distribution: Canada 97%, Other 3%
• Latest funding: Other (Debt), $111.2M, October 2024
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: koho

Koho Financial Inc., founded in 2014 and based in Vancouver, British Columbia, is a fintech company that specializes in digital banking services through a prepaid Mastercard. The company aims to empower users to manage their finances with features such as cash back rewards, interest-earning accounts, and tools for credit building. Koho primarily targets individual consumers who seek a more effective way to handle their money. With a user base exceeding one million, Koho has established itself as a notable player in the Canadian financial technology space. The company has received significant venture capital funding, with its latest round totaling approximately $111 million in October 2024, which underscores its growth trajectory and commitment to enhancing its offerings. Koho's innovative approach includes a mobile app that provides budgeting insights and spending analytics, making it a compelling option for those interested in prepaid card services.

18. Skylight Financial

• Website: skylightfinancial.com
• Ownership type: Private
• Headquarters: Atlanta, Georgia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: skylight-financial

Skylight Financial, founded in 1998 and based in Atlanta, Georgia, operates primarily through its Netspend brand. The company specializes in providing prepaid debit cards and high-yield savings accounts, focusing on accessible banking solutions for consumers who may not qualify for traditional banking services. Skylight Financial has established a robust presence in the prepaid card market, with over 200 million registered accounts and partnerships with various organizations, including sports teams for branded prepaid cards. Their offerings include features like direct deposit, which allows customers to receive their funds up to two days earlier, and a rewards program that incentivizes spending. The company is committed to serving its customers with innovative financial products that meet their needs.

19. Prepago Los Héroes

• Website: prepagolosheroes.cl
• Ownership type: Private
• Headquarters: Providencia, Santiago, Chile
• Employee distribution: Chile 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: prepago-los-h%c3%a9roes

Prepago Los Héroes is a private financial services company based in Providencia, Santiago, Chile, established in 2018. The company provides prepaid payment solutions and expense management services, catering to both businesses and individuals. With a workforce of 11 to 50 employees, it focuses on streamlining financial transactions through its prepaid cards and a user-friendly mobile application. The platform allows users to manage their expenses, make transfers, and conduct purchases both locally and internationally. Prepago Los Héroes emphasizes security and ease of use, offering features such as online account management and customer support. The company operates entirely within Chile, positioning itself as a relevant player in the prepaid card industry.

20. Unidos Financial Services INC

• Website: unidosfinancial.com
• Ownership type: Private
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: unidos-financial-services-inc

Unidos Financial Services INC, founded in 2007 and based in New York, is a private financial services company dedicated to providing alternative financial solutions to under-banked and unbanked consumers. The company specializes in cash remittances, bill payments, mobile top-ups, and prepaid debit cards, facilitating accessible financial transactions for its customers. Unidos operates through a network of over 2,000 independent agents across the United States, which allows them to reach a broad audience. Their proprietary technology platform supports all financial products, ensuring efficient service delivery. Unidos is licensed in 34 states, demonstrating compliance with regulatory standards in the money services industry. The company aims to address the limitations of existing financial solutions, offering competitive pricing and a user-friendly experience for its clientele.

21. CardLab, Inc.

• Website: giftcardmall.com
• Ownership type: Private
• Headquarters: Addison, Texas, United States (USA)
• Employee distribution: United States (USA) 50%, Vietnam 50%
• Founded year: 2004
• Headcount: 51-200
• LinkedIn: cardlab-inc.

CardLab, Inc., based in Addison, Texas, is a private company founded in 2004. It specializes in the retail of prepaid gift cards through its platform, giftcardmall.com. The company collaborates with a variety of merchants, offering gift cards that cater to both individual consumers and businesses. Consumers can purchase these cards for personal use or as gifts, while businesses can utilize them for promotional purposes. CardLab's operations are supported by a network of partners, enhancing their reach in the gift card market. The company employs a small team, with a notable distribution of employees in both the United States and Vietnam, indicating a potential for operational efficiency and cost management. CardLab's gift card offerings are issued by Pathward, National Association, ensuring a level of financial backing and regulatory compliance.

22. Epipoli S.p.A.

• Website: epipoli.com
• Ownership type: Private Equity
• Headquarters: Milan, Lombardy, Italy
• Employee distribution: Italy 100%
• Latest funding: January 2025
• Founded year: 2000
• Headcount: 51-200
• LinkedIn: epipoli-spa

Epipoli S.p.A., based in Milan, Italy, is a private equity-owned company that specializes in payment solutions and customer engagement. Founded in 2000, Epipoli has carved out a niche in the prepaid card market, offering a variety of products including prepaid Mastercards and gift cards. Their services are designed to simplify payment processes for consumers and enhance customer loyalty strategies for businesses. With a workforce of around 77 employees, the company operates entirely within Italy and has established a robust presence in the retail sector, with their products available in over 70,000 retail locations. Epipoli's commitment to innovation is evident in their recent initiatives, such as the launch of digital gift cards and collaborations with major retailers to enhance loyalty programs. They have sold millions of cards annually, indicating a strong market demand for their offerings.

Prepaid Card Services Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
Netspend	Austin, Texas, United States (USA)	201-500	1999	Corporate
Payomatic	Syosset, New York, United States (USA)	1001-5000	1950	Private Equity
Bestcash	Dibamba, Région Du Littoral, Cameroon	201-500	2021	Private
Peoplepass S.A.S.	Bogota, Bogota, Colombia	51-200	2008	Private
Pockit	Cardiff, Wales, United Kingdom (UK)	51-200	2014	Private Equity
PLS Financial Services, Inc.	Chicago, Illinois, United States (USA)	1001-5000	1997	Private
Serve an American Express Company	Salt Lake City, Utah, United States (USA)	51-200	2005	Private
Transcash S.A	Los Angeles, California, United States (USA)	51-200	2002	Private
Recharge	Amsterdam, North Holland, Netherlands	51-200	2015	Venture Capital
Creacard	Paris, Île-De-France, France	51-200	2010	Private
PFS Card Services Ireland Limited (PCSIL)	Ireland	51-200	2008	Corporate
Hello Network Inc.	Montreal, Quebec, Canada	11-50	2015	Private
Pago24	Lomas Del Mirador, Buenos Aires, Argentina	11-50	2014	Private
Cartão Elo	Sao Paulo, Sao Paulo, Brazil	501-1000	2011	Private
Broxel	Mexico City, Mexico City, Mexico	501-1000	2010	Private
Prepaid Ventures, LTD.	New Hyde Park, New York, United States (USA)	51-200	2007	Private
Koho	Vancouver, British Columbia, Canada	201-500	2014	Venture Capital
Skylight Financial	Atlanta, Georgia, United States (USA)	51-200	1998	Private
Prepago Los Héroes	Providencia, Santiago, Chile	11-50	2018	Private
Unidos Financial Services INC	New York, New York, United States (USA)	51-200	2007	Private
CardLab, Inc.	Addison, Texas, United States (USA)	51-200	2004	Private
Epipoli S.p.A.	Milan, Lombardy, Italy	51-200	2000	Private Equity

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