Dublin, Oct. 07, 2020 (GLOBE NEWSWIRE) — The “Colombia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – Covid-19 Update Q2 2020” report has been added to ResearchAndMarkets.com’s offering.
Historically, the gift card market in Colombia has recorded a steady growth with a CAGR of 16.3% during 2015-2019. However, According to the Q2 2020 Global Gift Card Survey, gift card market in Colombia is expected to be impacted across retail and corporate segments due to disruption caused by Covid-19 outbreak.
This report details the impact of economic slowdown along with change in business and consumer sentiment due to disruption caused by Covid-19 outbreak on gift card industry in Colombia.
Though growth of gift card industry will be impacted due to pandemic, there are certain segments such as self-use which will gain significant market share. Adoption of e-Gift cards is also