Dublin, Oct. 02, 2020 (GLOBE NEWSWIRE) — The “Indonesia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – Covid-19 Update Q2 2020” report has been added to ResearchAndMarkets.com’s offering.
Covid-19 outbreak is expected to impact growth of gift card industry in Indonesia though it remains one of the least affected sectors. In recent years, growth in the gift card industry in Indonesia can be primarily attributed to the e-commerce market growth, rising adoption of gift cards by the corporate houses, and increasing smartphone penetration in the country.
According to the Global Gift Card Q2 2020 Survey, adoption of open loop gift cards and digital gift cards (e-gift cards) is expected to drive growth in near term as more consumers adopt gift card for self-use and gifting.
In value terms, the gift card market in Indonesia has recorded a CAGR of