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Stock impact report

Philippines Gift Card and Incentive Card Intelligence Report 2024: Market to Grow by 10.8% to Reach $700 Million this Year, Driven by Government Disbursement Programs to Aid Growth [Yahoo!...

PLDT Inc. Sponsored ADR (PHI) 
US:NYSE Investor Relations: pldt.com/investor-relations
Company Research Source: Yahoo! Finance
Market Intelligence and Future Growth Dynamics (Databook) - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering. Gift card industry in Philippines is expected to grow by 10.8% on annual basis to reach US$0.7 billion in 2024. The market will continue to grow over the forecast period and is expected to record a CAGR of 9.0% during 2024-2028. The market will increase from US$0.7 billion in 2023 to reach US$1.0 billion by 2028. The gift card industry is poised to record strong growth over the medium term in the Philippines. The thriving e-commerce market, coupled with enhanced digital payment infrastructure and smartphone penetration, are among the factors aiding the adoption of digital gift cards. This trend is projected to continue further in the Philippines in 2024, thereby supporting market growth over the medium term. Several new businesses, across industry verticals, are expected to launch innovative gift card programs amid rising adoption of the payment Show less Read more
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