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  The  global gift cards market  size is estimated to be valued at  $1,396.0 billion by 2028 , surging from  $437.78 billion in 2020 , at a  CAGR of 15.4% . COVID-19 Impact on the Gift Cards Market During the COVID-19 pandemic, the global gift cards market experienced a significant impact. Various retail corporates in emerging countries like India and Japan have closed due to a drop-in instore consumer due to the pandemic. The gift cards market share has risen dramatically in recent years, but it is likely to face a modest fall in 2021 as a result of the COVID-19 pandemic. As a result, digital cards (e-gifting), often known as e-cards, have been the focus of technological innovation. Physical gift card sales were affected by store closures across the country owing to the COVID-19 pandemic. Get in touch with Expert Analyst for more Insights of Post COVID-19 Impacted Gift Cards Market@  https://www.researchdive.com/connect-to-analyst/8492 Global Gift Cards Market Insight Consistent consu

  Gift cards are prepaid debit cards filled with cashless money that can be used to purchase any item linked with the company or brand providing the card. They can be loaded with funds for future use within a stipulated time before its expiry. This form of payment is usually done to purchase items at retail stores, restaurants, gas station, wholesale stores, and many more. It is often used as a marketing strategy by companies to maintain or generate customer engagement and increase brand awareness. Forecast Analysis of the Global Gift Cards Market The global gift cards market is anticipated to experience an exponential growth during the forecast period (2021-2028), owing to the increased use of smart phones among people coupled with efficiency in payment options concerned with the gift cards. In addition, rising internet penetration around the globe and surging demand for enhanced transactional services are further expected to drive the growth of the market during the forecast period.

  Gift cards are prepaid debit cards filled with cashless money that can be used to purchase any item linked with the company or brand providing the card. They can be loaded with funds for future use within a stipulated time before its expiry. This form of payment is usually done to purchase items at retail stores, restaurants, gas station, wholesale stores, and many more. It is often used as a marketing strategy by companies to maintain or generate customer engagement and increase brand awareness. Forecast Analysis of the Global Gift Cards Market The global gift cards market is anticipated to experience an exponential growth during the forecast period (2021-2028), owing to the increased use of smart phones among people coupled with efficiency in payment options concerned with the gift cards. In addition, rising internet penetration around the globe and surging demand for enhanced transactional services are further expected to drive the growth of the market during the forecast period.