WHAT IS A GIFT CARD?
According to MarketWatch, The global gift certificate market was worth $295.2 billion in 2020.
A gift card is a prepaid debit card with a certain amount of money loaded onto it in a set quantity that can be used for a range of purchases.
Gift cards are helpful while purchasing in-person or online. You can buy Gift Cards as gifts for loved ones. It’s also possible to get gift cards as payment for doing business with a retailer or earn gift cards as a bonus when making purchases. To avoid charges and expiration, it’s crucial to understand how gift cards operate.
Gift Cards In Nigeria
The Nigerian gift card industry has historically had stable growth, with a CAGR of 22.0% from 2015 to 2019. But according to the Q2 2020 Global Gift Card Survey, the interruption brought on by the Covid-19 outbreak is anticipated to impact Nigeria’s gift card market across the retail and corporate segments.
Throughout the research period, the Nigerian gift card industry grew strongly. The nation’s economic boom aided gift card sales and the development of the entire financial sector. Additionally, customers’ views of the electronic payment system have evolved recently.
MINTYN GIFT CARDS
Mintyn gift card is an alternative payment method that customers can use at restaurants, fuel stations, retail stores, and other establishments. You add funds to the gift card, which you or the receiver can use to purchase items at places that accept them.
Moreso, due to the restriction on the naira debit card, which amounts to not being able to pay or make purchases in foreign currencies, Mintyn gift cards are the perfect solution to Naira debit card restriction.
Also, the Mintyn gift card is a convenient and valuable digital substitute for cash when you need to make purchases or want to gift anyone. The Mintyn gift cards are digital cards designed for online use.
HOW MINTYN GIFT CARD WORKS
MIntyn offers closed-loop and open-loop cards.
Mintyn has an open-loop card that anyone can use in any retail store or retailer on SUREGIFT NIGERIA. It is not bound to a particular retailer. You can use it anywhere Suregift cards are accepted.
The Close-loop card (Global Card) is bound to the merchant. You can only make use of it at specific merchants. For instance, if you buy a gift card from Amazon or eBay, you can only use it to purchase at amazon or eBay.
HOW TO PURCHASE MINTYN GIFT CARD
You don’t need a special tutorial to be able to purchase gift cards on the Mintyn app. follow these steps:
- Download the Mintyn App from Appstore or Playstore
- Create a Mintyn account if you don’t have one
- Sign up or Log in
- Click on the Products icon and select gift card
- Select the category of card you want, either GLOBAL OR NIGERIA
- If you select Global;
- select the Country and merchant you want to purchase from
- Fill in the amount you wish to buy; there is always a range(minimum-maximum)
- Fill in the beneficiary details, i.e., Name, Phone number, and email.
- Enter your transaction pin to complete the payment process
Viola! After completing these steps, the beneficiary will receive the gift card pin or voucher in their email or SMS.
Benefits of Mintyn Gift Card
- Mintyn gift cards are a suitable replacement for cash or credit card.
- Mintyn Gift cards help control spending
- Mintyn Gift card is convenient to use
- Mintyn Gift card can serve as a gift on a special occasion.