Press release content from Business Wire. The AP news staff was not involved in its creation.
Philippines Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 - ResearchAndMarkets.com
March 4, 2021 GMT
DUBLIN--(BUSINESS WIRE)--Mar 4, 2021--
ADVERTISEMENT
The gift card industry in Philippines has done well to withstand the impact of economic slowdown along with negative business and consumer sentiment due to disruption caused by the COVID-19 outbreak.
Philippines has recorded a steady growth with a CAGR of 12.7% during 2016-2020. According to the publisher’s Q4 2020 Global Gift Card Survey, gift card industry in the country is expected to grow by 15.4% on annual basis to reach US$ 523.6 million in 2021.