Product Code: 28191
The Global Gift Card & Incentive Card Market was valued at USD 268.34 billion in 2024 and is projected to reach USD 402.01 billion by 2030, growing at a CAGR of 8.03% during the forecast period. The market is expanding rapidly, fueled by the rise of digital payments and growing e-commerce adoption. Gift cards have become a preferred, cashless alternative for consumers due to their convenience and flexibility. Businesses are increasingly utilizing incentive cards to reward employees and enhance customer engagement through loyalty programs. Seasonal gifting trends and the demand for personalized rewards continue to propel market growth. Additionally, advancements in mobile wallets and digital card formats are accelerating user adoption. Retailers and financial institutions are leveraging promotional strategies and partnerships to drive uptake. Emerging markets are seeing increased use of prepaid solutions, offering strong growth potential as digital infrastructure and consumer awareness continue to rise.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 268.34 Billion |
Market Size 2030 | USD 402.01 Billion |
CAGR 2025-2030 | 8.03% |
Fastest Growing Segment | Incentive Card |
Largest Market | North America |
Key Market Drivers
Rising Popularity of Digital Payments
The surge in digital payments is a major catalyst for the growth of the gift card and incentive card market. With India recording approximately 164 billion digital transactions in 2024, the shift to cashless economies is evident. As consumers and organizations move toward seamless, secure, and contactless payment solutions, digital gift cards have become increasingly favored for their ease of use and broad utility. Mobile wallets, contactless technology, and integrated e-commerce solutions have made digital gift cards more accessible than ever. In the corporate world, prepaid incentive cards are widely used for rewards and recognition, reinforcing employee engagement. Technological innovations such as blockchain and AI-driven fraud prevention tools further build consumer trust in these products. The COVID-19 pandemic also played a significant role in fast-tracking digital adoption. In developing regions, digital transformation initiatives continue to promote cashless transactions, creating fertile ground for growth in the prepaid card ecosystem.
Key Market Challenges
Regulatory & Compliance Issues
Regulatory complexities present a major challenge to the global gift card and incentive card market. Regulatory frameworks vary across countries, covering areas like taxation, expiry policies, KYC norms, and anti-money laundering measures. For companies operating internationally, staying compliant with these diverse standards is resource-intensive. Compliance with regulations such as GDPR, AML laws, and PCI DSS raises operational costs and requires regular system updates and monitoring. For example, certain jurisdictions enforce strict KYC protocols for high-value cards, affecting user anonymity and ease of distribution. Cross-border limitations and currency restrictions also hinder global incentive programs. Frequent policy changes further complicate compliance, placing administrative strain on businesses. To manage these requirements without compromising user experience, companies must invest in legal support, risk management technology, and compliance infrastructure-factors that increase market entry barriers and operational complexity.
Key Market Trends
Rising Trend of Buy Now & Redeem Later Model
The "Buy Now, Redeem Later" trend is gaining momentum across the gift card and incentive card market. This approach offers flexibility by allowing consumers to pre-purchase cards and use them at a later time, a feature particularly attractive during sales events or times of economic uncertainty. Sectors such as travel, hospitality, and entertainment are leveraging this model to retain customers and secure early revenue. Airlines and hotels, for example, offer prepaid vouchers that lock in prices and encourage future bookings. Similarly, restaurants and event venues promote preloaded gift cards for future use, helping them manage demand and improve customer retention. Digital gift cards have made this model more accessible, enabling consumers to store and redeem rewards effortlessly. Businesses also integrate this model into loyalty programs and employee incentives to boost brand interaction and repeat usage. As consumers prioritize flexibility and financial planning, the popularity of Buy Now, Redeem Later options is expected to continue rising.
Key Market Players
- Spendgo, Inc.
- Emburse, Inc.
- Fiserv, Inc.
- Visa
- Blackhawk Network Holdings, Inc.
- Interactive Communications International, Inc.
- Tango Card, Inc.
- DCRS Solutions
- Pine Labs
- GoGift
Report Scope:
In this report, the Global Gift Card & Incentive Card Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Gift Card & Incentive Card Market, By Type:
Gift Card & Incentive Card Market, By Purpose:
- Personal Use
- Business Use
- Others
Gift Card & Incentive Card Market, By Application:
- Retail
- Travel
- Food & Beverages
- Healthcare
- Education
- Others
Gift Card & Incentive Card Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- South America
- Argentina
- Colombia
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Gift Card & Incentive Card Market.
Available Customizations:
Global Gift Card & Incentive Card Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Introduction
- 1.1. Product Overview
- 1.2. Key Highlights of the Report
- 1.3. Market Coverage
- 1.4. Market Segments Covered
- 1.5. Research Tenure Considered
2. Research Methodology
- 2.1. Methodology Landscape
- 2.2. Objective of the Study
- 2.3. Baseline Methodology
- 2.4. Formulation of the Scope
- 2.5. Assumptions and Limitations
- 2.6. Sources of Research
- 2.7. Approach for the Market Study
- 2.8. Methodology Followed for Calculation of Market Size & Market Shares
- 2.9. Forecasting Methodology
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer Analysis
- 4.1. Brand Awareness
- 4.2. Factor Influencing Purchasing Decision
5. Global Gift Card & Incentive Card Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Gift Card, Incentive Card)
- 5.2.2. By Purpose (Personal Use, Business Use, Others)
- 5.2.3. By Application (Retail, Travel, Food & Beverages, Healthcare, Education, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America Gift Card & Incentive Card Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Purpose
- 6.2.3. By Application
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Gift Card & Incentive Card Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Purpose
- 6.3.1.2.3. By Application
- 6.3.2. Canada Gift Card & Incentive Card Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Purpose
- 6.3.2.2.3. By Application
- 6.3.3. Mexico Gift Card & Incentive Card Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Purpose
- 6.3.3.2.3. By Application
7. Europe Gift Card & Incentive Card Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Purpose
- 7.2.3. By Application
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. France Gift Card & Incentive Card Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Purpose
- 7.3.1.2.3. By Application
- 7.3.2. Germany Gift Card & Incentive Card Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Purpose
- 7.3.2.2.3. By Application
- 7.3.3. Spain Gift Card & Incentive Card Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Purpose
- 7.3.3.2.3. By Application
- 7.3.4. Italy Gift Card & Incentive Card Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Purpose
- 7.3.4.2.3. By Application
- 7.3.5. United Kingdom Gift Card & Incentive Card Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Purpose
- 7.3.5.2.3. By Application
8. Asia-Pacific Gift Card & Incentive Card Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Purpose
- 8.2.3. By Application
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Gift Card & Incentive Card Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Purpose
- 8.3.1.2.3. By Application
- 8.3.2. Japan Gift Card & Incentive Card Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Purpose
- 8.3.2.2.3. By Application
- 8.3.3. India Gift Card & Incentive Card Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Purpose
- 8.3.3.2.3. By Application
- 8.3.4. Australia Gift Card & Incentive Card Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Purpose
- 8.3.4.2.3. By Application
- 8.3.5. South Korea Gift Card & Incentive Card Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Purpose
- 8.3.5.2.3. By Application
9. Middle East & Africa Gift Card & Incentive Card Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Purpose
- 9.2.3. By Application
- 9.2.4. By Country
- 9.3. MEA: Country Analysis
- 9.3.1. South Africa Gift Card & Incentive Card Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Purpose
- 9.3.1.2.3. By Application
- 9.3.2. Saudi Arabia Gift Card & Incentive Card Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Purpose
- 9.3.2.2.3. By Application
- 9.3.3. UAE Gift Card & Incentive Card Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Purpose
- 9.3.3.2.3. By Application
- 9.3.4. Turkey Gift Card & Incentive Card Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Type
- 9.3.4.2.2. By Purpose
- 9.3.4.2.3. By Application
10. South America Gift Card & Incentive Card Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Purpose
- 10.2.3. By Application
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Gift Card & Incentive Card Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Purpose
- 10.3.1.2.3. By Application
- 10.3.2. Argentina Gift Card & Incentive Card Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Purpose
- 10.3.2.2.3. By Application
- 10.3.3. Colombia Gift Card & Incentive Card Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Purpose
- 10.3.3.2.3. By Application
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Porters Five Forces Analysis
- 13.1. Competition in the Industry
- 13.2. Potential of New Entrants
- 13.3. Power of Suppliers
- 13.4. Power of Customers
- 13.5. Threat of Substitute Products
14. Competitive Landscape
- 14.1. Company Profiles
- 14.1.1. Spendgo, Inc.
- 14.1.1.1. Business Overview
- 14.1.1.2. Company Snapshot
- 14.1.1.3. Products & Services
- 14.1.1.4. Financials (As Per Availability)
- 14.1.1.5. Key Market Focus & Geographical Presence
- 14.1.1.6. Recent Developments
- 14.1.1.7. Key Management Personnel
- 14.1.2. Emburse, Inc.
- 14.1.3. Fiserv, Inc.
- 14.1.4. Visa
- 14.1.5. Blackhawk Network Holdings, Inc.,
- 14.1.6. Interactive Communications International, Inc.
- 14.1.7. Tango Card, Inc.,
- 14.1.8. DCRS Solutions
- 14.1.9. Pine Labs
- 14.1.10. GoGift
15. Strategic Recommendations
16. About Us & Disclaimer