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IJMIEApril 2015Volume 5, Issue 4ISSN: 22490558___ Gift Card BusinessA Gifted Opportunity Understanding the corporate retailers Gift Card business facets and future with special reference to corporate
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The gift cards market is anticipated to grow significantly, driven by increasing consumer preference for digital and contactless payments, along with the rise in gifting culture.
Businesses that issue gift cards or vouchers, including retailers and service providers, are typically required to report on the gift cards market.
To fill out the gift cards market anticipated, businesses should gather data on their gift card sales, redemption rates, and outstanding balances before completing the required forms or reports.
The purpose of reporting on the gift cards market is to provide transparency, track industry trends, and comply with regulatory requirements.
Entities must report information such as total sales of gift cards, redemption rates, and any unredeemed balances.
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