The global digital gift card market is projected to reach $1.2 trillion in 2032, up from $310.1 billion in 2022, according to a report from market research firm Custom Market Insights. In 2023, CMI projects sales of digital gift cards will total $399 billion, a more than 28% year over …
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Blackhawk Teams With Fashion Merchant H&M for B2B Gift Cards
Fashion retailer H&M Hennes & Mauritz LP has partnered with the payments platform Blackhawk Network to offer business-to-business gift cards. H&M is expected to use the cards as employee and consumer incentives. “As our gift card program has continued to evolve, it has become a significant driver of sales for …
Read More »Square’s BNPL Service Expands; Gift Cards High on Holiday Lists Already; Dutchie POS Launches
Gift Cards Will Be High on Gift Lists This Holiday Season, A Fiserv Study Says
Gift cards are expected to be popular presents this holiday season as 60% of consumers say they will buy the cards to fill a void in product availability created by disruptions to product supply chains, says Fiserv Inc.’s Q3 2022 Gift Card Gauge. Discount stores and big-box retailers will be …
Read More »Crypto, Gift Cards, And Even BNPL Come to Unattended Payments Via PayRange
Transactions on gift cards and cryptocurrency—and even buy now, pay later capability—are coming to commercial washers, dryers, and vending machines with an announcement Monday by PayRange Inc. that it will support the new payment methods. The Portland, Ore.-based company, which says it processes for more than half a million commercial …
Read More »Panini Secures FBI Fingerprint OK; 58% Plan To Buy More Gift Cards; Payfare Lines up Visa Direct
Olo Pay’s New Take on Restaurant Orders; 73% Purchased Gift Cards; Tipalti Volume Tops $36 Billion
For Many Consumers Gift Cards Remain Their Preferred Gift, a Fiserv Survey Says
Sales of gift cards in the United States remained steady in 2021, with 73% of consumers purchasing the same number of cards, or more, compared to a year earlier, says a report from Fiserv Inc. Online merchants were the biggest beneficiaries, with 53% of respondents saying they purchased a gift …
Read More »Eye on Prepaid: Consumers Lean to Gift Cards to Avoid Delays; EML Launches a Virtual Gift Card
Despite consumers’ intentions to spend more on gifts this holiday season than in 2020, concerns about ongoing shipping delays and low product inventories are making gift cards a more attractive gift option. Indeed, 33% of consumers say they would purchase a gift card if they were unable to get a …
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