Gift card news and archive

Global spending on gift cards rises this holiday season

Data from Square’s latest Holiday Retail Report shows shoppers are excited to return to physical stores but are turning to gift cards as stock items remain in flux. Consumer gift card purchases are forecast to increase 43 percent, with physical gift cards up 46 percent and e-gift cards seeing a 29 percent increase in purchases. Retailers are...

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Prezzee expands into the UK to disrupt gift economy

Australian-born digital gift card company Prezzee, recently valued at more than 1 billion Australian dollars, is rolling out in the UK ahead of the peak gifting season to disrupt the 7 billion pound gift economy before a planned expansion into Europe. Founded in 2014, Prezzee is the market-leading digital gift card in Australia, where this year...

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Can gift cards help attract shoppers back to the high street post-Covid?

As the UK high street prepares to reopen, new research suggests that gift cards could be the key to encouraging anxious shoppers back to stores and boost sales. The ‘State of the Nation 2021’ research, carried out by the Gift Card and Voucher Association (GCVA), found that almost two-thirds (65 percent) of shoppers have been introduced to a new...

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Consumers spend billions on gift cards

British consumers love a gift card. New research shows UK's shoppers will spend two billion pounds on gift cards and vouchers this Christmas. The survey was conducted by UKGCVA, the UK's Gift Card & Voucher Association. According to figure nearly 50 percent of the population are likely to give a gift card. The body noted the survey of over 2,000...