High Demand Rate Of Gift Card In Nigeria
The high demand for gift cards in Nigeria is
also increasing in line with the demand for cryptocurrencies. The Nigerian gift
card market has recorded robust growth during the review period.
The country’s economic expansion supported
the gift card market and the overall financial sector’s growth. Moreover,
consumers’ perception of the electronic payment system has been changing in
recent years.
A gift card most of the time is given out as a present; but let’s be honest,
sometimes that gift card misses the mark and people really can’t do much with
it, especially in Nigeria. Apparently, gift
cards are everywhere now and they are largely issued at grocery stores,
Supermarkets, electronic stores, bookstores, websites and malls. Usage of gift
cards now is on the rise because these brands use these cards to encourage
loyalty and retain new customers. One of the most popular ones is the iTunes
gift card. If you happen to have any of these cards or in need of these cards,
here’s what you can do.
In Nigeria it’s easy to sell unwanted gift
cards but just be careful so you don’t fall victim to online gift card
scammers. This has happened to a lot of Nigerians and this article is here to
save you from such experiences.
The trend of converting gift cards into bitcoins and then into cash is gaining
popularity among the Nigerians. Cryptocurrencies and gift cards are driving the
remittance market in Africa, and more specifically in Nigeria. Key players such
as Paxful and localbitcion allows Nigerians to trade gift cards offered by
domestic players such as Konga or Blessing Computer for bitcoins. Other notable
player offering this service in the country is Wiselevis
The constantly
evolving nature of cryptocurrency has truly changed the world. People who
previously did not have access to financial services are now part of a new
system that allows them to control their finances. Consumers are widely
accepting alternative payment options such as mobile wallets and electronic
money transfer, instead of cash. The presence of the international brands in
the Nigerian mobile payment system such as Visa with mVisa platform makes the mobile
payment system more competitive. Moreover, it is expected that the global
economic slowdown is unlikely to affect Nigeria’s economy and the gift card
market in the coming years. Here is a list of the popular gift-cards in Nigeria
currently trending in the market; iTunes, Steamwallet, Nordstorm, Amex, Nike,
Macys, Ebay, Amazon, Googleplay, Visa, Mastercard, Vanilla, Sephora,
Footlocker, Offgamers, Playstation, Wal-mart, SAKS, Bestbuy, Target, Applestore
and a few to be mentioned.