Why The Rush To Prepaid Debit Cards? Why Not?

In 2009, consumers loaded roughly $29 Billion on pre-paid cards, which are especially popular with young adults and those considered underbanked — meaning they have little access to mainstream financial institutions like banks. But by 2013, that amount is expected to reach over $200 Billion, according to an estimate cited in a report from an arm of the Pew Charitable Trusts.

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