Benefits Of Gift Cards In Nigeria September 17, 2020 News No Comments In Nigeria, many banks have reduced the dollar spending limit as forex scarcity rises, so it is now difficult for people to purchase things outside the country. It was said that the reduction of Foreign currency by banks for customers is as a result of the drop in crude oil prices and also the COVID-19 pandemic. Nigerians are now finding it difficult to purchases things or get things for themselves but with Gift cards, it is easy for them to purchase and get themselves things outside the country. In my last post, we talked about the Giftcard payment solution in Nigeria In today’s post, we will be talking about the benefits of Gift Cards for Nigerians First off, there are as many types of gift cards as there are the merchants selling them. If my records serve me correctly, we have more than 100 active gift cards out there. Amazon, Walmart, and Target gift cards are in the top 3. We have others like eBay, Apple, Mcdonalds Gamestop gift cars. Now, why opting for gift cards? are they really worth it? Gift cards reduce fraud: The use of an electronic gift card allows for partial redemption, leaving the rest of the balance stored on the gift card and eliminating cash backs. The company that owns the trademark for the gift card can create more brand awareness by selling her gift, cards. A gift card can be cheaper than paying directly. This, in turn, can attract new customers for the company. Perceived value is greater with gift cards compared to coupons. I mean for example if you buy a 400usd worth of gift card and you only need a 100usd worth of the item, you are bound to revisit that particular store to exhaust your card balance. It is easily sharable and distributed. By far more convenient; Once you have loaded enough gift cards into your account, you do not need an OTP, or a token as you would when making the payment with your credit card. It is non-returnable and non-refundable once purchased redeemed. More secure. This needs no further explanations. It helps you to generate revenue in advance of sales: You will not pay until the card is redeemed. Sign Up To Giftoga to enjoy all these benefits of Gift Cards Paul Fakayejo gift cards, nigeria Request a free consultation We provide end to end payment solutions. Contact Us More from our blog See all posts Top 10 Acquisitions in Tech History The tech world is still grappling with this week’s announcement of Twitter’s… Continue reading 5 Laws regulating FinTechs in Nigeria The industry is growing at such a rapid pace that the laws… Continue reading 5 Women Making great Impact in Africa’s Fintech Industry Female 'techpreneurs' are taking their place in Africa's male-dominated fintech boom, but… Continue reading South Africa, Nigeria and Kenya have the most developed fintech ecosystems In Africa In Africa, South Africa, Nigeria and Kenya have the three most developed… Continue reading Nigeria ranked 3rd in Africa in 2021 Global Fintech Rankings The Giant of Africa isn’t giant when it come to Fintech in… Continue reading CBN Governor Godwin Emefiele Joins Presidential Race, Picks Nomination Form The central bank governor, Godwin Emefiele, has just picked up the 2023… Continue reading How To Register Fintech Company In Nigeria Financial technology also referred to as FinTech, is the new technology and… Continue reading Photos: Top 5 Fintech Companies In Nigeria And Their CEOs Financial service delivery in Nigeria is seeing a burst in growth as… Continue reading Prev. Post All Posts Next Post Total: 0 0 0 0 0 0 No Comments Recent Posts Top 10 Acquisitions in Tech History September 2, 2022 5 Laws regulating FinTechs in Nigeria August 26, 2022 5 Women Making great Impact in Africa’s Fintech Industry June 20, 2022 All Website TagsAccess bank agency banking algorithms anchor text art back-links bill paymet bitcoin branding cashless cashless policy cbn Central Bank of Nigeria Chris Ife content coronavirus corporate corporate messaging credibility dream-theme eNaira fast track banking Fintech flat Giftcard gift cards Giftoga globasure globasure smart roaming GlosoftPOS Godwin Emefiele GROAM gtbank ingenico nibss nigeria payalat roaming SIM seo strategy ServPoint stamp duty themeforest VAT VAT Increase wordpress Leave a Comment cancel Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.