It’s never too early
to show your love
Send a Gift Card
Instant, thoughtful & perfect
for Raksha Bandhan
Learn about gift cards
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.

Gift Cards' Popularity Across Different Indian Demographics

Last updated :
June 5, 2024

minutes read

Gift cards are swiftly becoming a popular choice among consumers in India, serving as a versatile gifting solution for various occasions. This article delves into the reasons behind their rising appeal across different demographics, backed by the latest market research.

Fashion Tour of India: Click & Discover!
Dive into India's colorful wardrobe with our easy-to-use map! Just click on a state and see what people wear, from timeless classics to trendy outfits. Plus, check out the cool brands they love. It's fun, fast, and full of surprises!

Why Are Gift Cards Gaining Popularity?

Changing Consumer Preferences 

Gift cards resonate well with younger generations, such as Millennials and Gen Z, who prefer digital and cashless payment methods. According to a report by Mordor Intelligence, the Indian gift card market is anticipated to expand significantly, reaching USD 26.81 billion by 2029, growing at a CAGR of 17.67% from 2024.

Economic Impact 

Gift cards are not just popular gifting options; they also stimulate economic activity by preloading currency that ensures future sales for businesses. This economic injection is crucial for the retail sector, especially during off-peak seasons.

What Are the Demographic Preferences for Gift Cards?

Age-wise Preferences 

Different age groups show varied preferences for gift cards. Young adults and tech-savvy consumers are leading the charge, viewing gift cards as a practical and appealing choice due to their ease of use and flexibility. The Mordor Intelligence data suggests a robust engagement from these groups, which is propelling the market forward.

Regional Trends 

There are significant regional variations in the usage of gift cards in India. Urban areas, with their higher penetration of technology and greater disposable income, exhibit a stronger preference for gift cards compared to rural areas. This trend is highlighted by the diverse economic backgrounds and accessibility to digital payment platforms across regions.

How Can Businesses Leverage These Insights?

Marketing Strategies 

Retail businesses can capitalize on these insights by tailoring their marketing strategies to target specific age groups and regions more effectively. For instance, digital marketing campaigns focused on urban young adults can drive more engagement and gift card sales.

Customer Loyalty and Retention 

Implementing gift card programs can also aid in building customer loyalty. Offering personalized gift card options and promotions can enhance customer retention and encourage repeat business.

😎 Top selling gift cards now

What Innovations Are Shaping Gift Card Programs?

Technology Integration 

The integration of technology in gift cards, such as the ability to add funds via mobile apps, check balances online, and integrate with digital wallets, makes them more attractive to tech-savvy consumers. This adaptation is crucial for keeping up with consumer demands in the digital age.

Customization and Personalization 

The trend towards personalized and customizable gift cards is growing. Consumers appreciate the ability to tailor gift cards to the tastes and preferences of the recipients, adding a personal touch to a convenient gift option.

FAQs on Gift Cards

What are the most popular types of gift cards among millennials in India?

Millennials in India prefer gift cards from ecommerce platforms, tech gadgets, and lifestyle brands. The flexibility and wide range of choices available make these gift cards particularly appealing to this demographic.

How do seasonal trends affect gift card sales?

Seasonal trends significantly influence gift card sales, with spikes during festivals, holidays, and special events like Diwali, Christmas, and New Year. Retailers can leverage these peaks by introducing special editions and limited-time offers to boost sales.


Understanding the demographic preferences for gift cards is crucial for businesses aiming to optimize their marketing strategies and enhance customer engagement. With the Indian economy continuing to digitalize, gift cards are poised to play a pivotal role in the retail landscape.

😎 Top selling gift cards now
😎 Top selling gift cards now
More in this series

Claim This Offer
Only on Hubble Money

Claim This Offer
Only on Hubble Money

More like this

No items found.
Get rewarded every time you shop.
Up to 10% discount on 300+ brands