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This post on the ePaymentsnews Network mentions that because of the current economic situation across the US, consumers will spend less money (about USD 25 billion) on gift cards.
Instead, consumers will spend money on necessities such as gas, dining, and groceries. Restaurants and fast food chains are expected to sell the most gift cards this holiday season. Teenagers and post-college consumers are expected to give gift card purchases a boost since many gift card retailers offer coupons and discounts for the purchaser.
The study information is provided Archstone Consulting.
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As reported by the ePaymentsnews Network, there has been a record boost in the adoption of electronic payments in
An obvious reason for the growth spurt and increased reach is the ability of Nigerian nationals to access their accounts away from the bank locations via card services. Transactions are expected to grow even more as card payment services continue to progress in
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