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CBD-infused Products Market Worth $216 81 Billion by 2028, Growing at a CAGR of 45 6% from 2021 -- Exclusive Report by Meticulous Research
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Research and Markets: Belgium Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025
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Research and Markets: Colombia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025
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Egypt Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 - ResearchAndMarkets com
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Chinese gift card market outperformed global peers, recording the strongest growth in 2020. The Chinese economy bounced back sharply with 4.9% growth between July and September 2020, outperforming global markets. Consequently, both retail and corporate consumer sentiment has turned positive, and in turn expected to drive growth of gift card in 2021.
Being the global leader in the e-commerce segment, the increasing number of internet users is driving the strong growth in China. With more than 900 million internet users, adoption of digital gift cards (e-gift cards) in China is faster than other comparable markets.
Increasingly, gift cards are being integrated into smartphone devices to enable mobile payment. Open loop gift cards and gift cards from leading online retailers are outperforming rest of the market, a trend expected to continue over the forecast period.