Self-Use, Millennials And Gen Z Consumers Will Drive Prepaid Gift Cards To 9.2% CAGR Growth From 2020-2024; GD Entertainment and Technology Sets Relaunch Of Reimagined Prepaid ‘Dream Card’

 In NASDAQ: PYPL, NYSE: AXP, NYSE: GDOT, NYSE: HRB, NYSE: JPM, OTC: GDET

A new study by ResearchAndMarkets projects that self-use, millennials and Gen Z consumers will be key factors in the 9.2% CAGR growth of the prepaid gift cards industry from 2020-2024. Younger consumers like to use digital cards, not cash, and see self-use of the cards rather than actually ‘gifting’ the prepaid cards to others. What makes the reimagined ‘Dream Card by GD Entertainment and Technology (OTC: GDET) special is that it offers consumers the status of an all metal prepaid card than can be customized by logos and photos of family, pets, friends or celebrities.

stockmarketpress.com features specialized coverage of the prepaid card market such as GD Entertainment and Technology (OTC: GDET), American Express (NYSE: AXP), JP Morgan Chase & Co. (NYSE: JPM), PayPal Holdings, Inc. (NASDAQ: PYPL), H&R Block, Inc. (NYSE: HRB) and Green Dot Corporation (NYSE: GDOT).

Self-Use, Millennials And Gen Z Consumers Will Drive Prepaid Gift Cards To 9.2% CAGR Growth From 2020-2024; GD Entertainment and Technology (OTC: GDET) Sets Relaunch Of Reimagined Prepaid ‘Dream Card’

Younger consumers like spending on prepaid cards rather than cash, and see prepaid cards as self-use vehicles for transactions rather than actually ‘gifting’ them to others. A new Q2 2020 study by ResearchAndMarkets finds that COVID-19 may for the short term negatively impact growth, but it will regain its growth mode and prepaid gift cards will continue as a ‘bright spot’ in the U.S. economy. The study, ‘The United States Gift Card And Incentive Card Market Intelligence And Future Growth Dynamics,’ also explores how payment of freelancers by corporations through gift cards will also drive the market.

The GD Entertainment and Technology (OTC: GDET) owned website Dream Card enterprise details how the personalization works for owners of the credit/debit card. A YouTube video on the site describes how this card is unique for owners. GD Entertainment and Technology (OTC: GDET) sees a significant opportunity in this market. Self-Use, Millennials And Gen Z Consumers Will Drive Prepaid Gift Cards To 9.2% CAGR Growth From 2020-2024; GD Entertainment and Technology (OTC: GDET) Sets Relaunch Of Reimagined Prepaid ‘Dream Card’.

ResearchAndMarkets Report Also Analyzes The Role Of Holidays In The Prepaid Card Market

The research report also analyzes the positive role of holidays — everything from Christmas and New Year’s to birthdays and anniversaries — on the prepaid gift card market. GD Entertainment and Technology (OTC: GDET) plans to tap into that market by offering $25 and $50 denominations in a specialty gift card market and plans to offer and design gift cards tailored to any conceivable gift occasion, such as Mother’s Day, Father’s Day, birthdays, etc. GDET will offer prepaid cards themed model. The company plans more announcements and details as this new model progresses.

A personalized, metallic ‘Dream Card’ represents a unique product for this market. It represents an essential banking substitute to cater to the financial transaction needs to the under-banked or unbanked. But it also offers, this report finds, a digital card alternative for self-use to millennials and Gen Z consumers.  Self-Use, Millennials And Gen Z Consumers Will Drive Prepaid Gift Cards To 9.2% CAGR Growth From 2020-2024; GD Entertainment and Technology (OTC: GDET) Sets Relaunch Of Reimagined Prepaid ‘Dream Card’.

Financial Giants Pursue Share In The Prepaid Card Market.

Active in this prepaid card market are financial giants such as American Express (NYSE: AXP), JP Morgan Chase & Co. (NYSE: JPM), PayPal Holdings, Inc. (NASDAQ: PYPL), H&R Block, Inc. (NYSE: HRB) and Green Dot Corporation (NYSE: GDOT). GD Entertainment and Technology’s (OTC: GDET) relaunch of its ‘Dream Card’ entrant into this financially-expanding segment offers a unique and personalized alternative..

‘Dream Card’ Relaunch Targeted For End Of This Month

Anil Idnani, CEO of GDET, said, “We are extremely excited about the changes being put in place, and we are targeting a full revamped launch by the end of this month.”  Self-Use, Millennials And Gen Z Consumers Will Drive Prepaid Gift Cards To 9.2% CAGR Growth From 2020-2024; GD Entertainment and Technology (OTC: GDET) Sets Relaunch Of Reimagined Prepaid ‘Dream Card’.

GDET sees its redesigned ‘Dream Card’ entry making the prepaid gift card market a ‘user friendly’ experience, allowing card owners to personalize their individual cards. This represents a new experience in the prepaid gift card marketplace — enabling consumers to make their cards their own with specialized logos, images of special people, pets or celebrities in their ives. Their ‘Dream Card’ is their own.

Source: Stock Market Press

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