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What is a gift card?
Also known as brand vouchers, gift vouchers and brand cards, gift cards are a digital mode of payment which carries a amount along with a pin / card no. You can buy these gift cards and use them to pay on 300+ brand online and offline as well.
Why should I use a gift card?
Gift cards help you get great value on your purchase with a brand. They simplify giving, help with budgeting, and are easily sent across distances, ensuring your thoughtful gesture brings joy and value.
How to use a gift card?
To use a gift card, simply present it at the time of purchase in-store or enter the card’s unique code at checkout when shopping online. The amount of your purchase will be deducted from the card's balance.

Enhancing Customer Loyalty with Gift Cards Data from India

Last updated :
June 5, 2024

minutes read

Gift cards are not just a convenient gift option but a strategic tool for enhancing customer loyalty, especially in India's burgeoning market. This article delves into how Indian businesses can leverage gift cards effectively.

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How Do Gift Cards Enhance Customer Loyalty?

Gift cards tap into the consumer's desire for choice and flexibility, providing a sense of ownership and value. In India, where personalized experiences are highly valued, gift cards serve as a perfect tool for businesses to increase both customer satisfaction and retention.

Current Trends in Gift Card Usage in India 

The Indian market has seen a significant rise in the adoption of gift cards. According to a report by Future Market Insights, the Indian loyalty program market is expected to reach US$ 14,502.6 million by 2033, growing at a CAGR of approximately 15.7% from 2023. This growth is supported by an increase in digital solutions and a growing middle class that enjoys the flexibility and personalization that gift cards offer.

Key Benefits of Implementing a Gift Card Program 

Gift cards encourage repeat business and can increase the average transaction size. A study from Credence Research indicates that the Indian gift card market, valued at USD 18,650.42 million in 2023, is set to triple by 2032, reaching an impressive USD 59,983.14 million. These numbers highlight the potential for gift cards to boost customer spending and frequency of visits.

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Case Study: Success Stories from India 

Many Indian companies have successfully integrated gift cards into their marketing strategies. For example, companies like EbixCash and QwikCilver are leading the way, demonstrating robust growth in the gift card segment. Their success can be attributed to strategic partnerships and innovative distribution strategies.

Common Challenges and Solutions 

While the potential is high, businesses face challenges such as technological integration and customer education. Solutions include investing in user-friendly technology and conducting targeted marketing campaigns to educate customers about the benefits of gift cards.

FAQs on Gift Cards in Loyalty Programs 

Q: What are the initial costs associated with setting up a gift card program in India? 

A: Setup costs vary but investing in a solid technological foundation is essential for tracking and managing the cards effectively.

Q: How can businesses ensure the security of their gift card programs? 

A: Implementing robust encryption and security measures is crucial to protect against fraud and ensure customer trust.


Gift cards are a powerful tool for enhancing customer loyalty. With the right approach, Indian businesses can significantly benefit from integrating gift cards into their loyalty programs. Embracing this trend not only meets customer expectations but also drives substantial business growth.

😎 Top selling gift cards now
😎 Top selling gift cards now
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