The U.S prepaid payroll card market has been growing significantly over the past few years and should continue this trajectory, despite short term gating factors such as regulation and compliance rulings, public relations issues and complex state wage and hour laws.

A new report from Aite Group titled “U.S. Payroll Card Overview — The State of Pay” forecasts that the number of active payroll cards will increase from 5.9 million in 2017 to 8.4 million in 2022. Correspondingly, the value loaded to these cards will jump from $42 billion to $60 billion over the same timeframe.

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