Asia Pacific Digital Gift Card Market Size- By Functional Attribute, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Asia Pacific Digital Gift Card Market Size- By Functional Attribute, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Asia Pacific Digital Gift Card Market Introduction and Overview

According to SPER market research, ‘Asia Pacific Digital Gift Card Market Size-By Functional Attribute, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Asia Pacific Digital Gift Card Market is predicted to reach USD XX Billion by 2033 with a CAGR of 15.5%.

A prepaid digital wallet, such as a digital gift card, includes a fixed amount of money that can be used to make transactions. The minimum and maximum loading limits for digital gift cards are $10 and $500, respectively. To balance the cost of a purchase, digital gift cards are used to cover a portion of it using mobile banking, debit, or credit. Many digital gift cards are registered online as a precautionary measure to limit the risk of loss; this allows the remaining balance to be tracked and frozen in the event that a card is lost.

The COVID-19 epidemic has pushed the use of digital gift cards across Asia Pacific. Lockdown measures and social distance limits have changed consumer preferences towards online buying and contactless transactions, resulting in increased demand for digital gifting options. Businesses are increasingly using digital gift cards as staff incentives, customer rewards, and promotional initiatives to respond to changing consumer behaviours.

Scope of the Report:

Report Metric Details

Market size available for years 2020-2033

Base year considered 2023

Forecast period 2024-2033

Segments covered By Functional Attribute, By Application, By End User

Regions covered China, India, Japan, Malaysia, Singapore, South Korea, Rest of Asia Pacific

Companies Covered

Amazon.com Inc, Apple Inc, Blackhawk Network Holdings, Inc, Fiserv, Inc, InComm Payments, Loop Commerce, Inc (Synchrony Financial), PayPal Holdings, Inc, Target Corporation (Target Brands, Inc), Walmart, Inc, Others

APAC Gift Card and Incentive Card Market Key Segments Covered

By Functional Attribute: Based on the Functional Attribute, Asia Pacific Digital Gift Card Market is segmented as; Closed-loop Card, Open-loop Card.

By Application:Based on the Application, Asia Pacific Digital Gift Card Market is segmented as; Consumer Goods, Health & Wellness, Media & Entertainment, Restaurants & Bars, Travel & Tourism, Others.

By End User:Based on the End User, Asia Pacific Digital Gift Card Market is segmented as; Corporate, Retail.