Gift Cards

With the right strategy, gift cards can help you control expenses and even reduce your tax outgo.

Evolution of gift cards in India’s digital economy

Gift cards have evolved from simple gifts to versatile digital financial tools, driven by India’s digital revolution. They’re now used for personal gifting, corporate rewards, and marketing. With increased adoption, India’s gift card market is set to reach $15.7 billion by 2028.

MC Explains: What happens to your expired bank-issued gift cards? Here’s the answer

According to RBI data, 11.6 million bank-Issued gift cards worth Rs 85.25 crore expired as of December 31, 2022.

Former Microsoft employee exploited a glitch to make $2 million in cryptocurrency

Kvashuk, a former employee for Microsoft managed to steal more than two million in crypto before he was caught

Social gifting: the new buzzword in e-commerce

Last year, the buzzword in e-commerce was Groupon Inc and its myriad of competitors that offered daily online coupons to entice shoppers in a down economy. Now, the latest fashion in retail is social gifting, where people get together on Facebook to buy each other gifts.

Proposals, raised spending to mark Valentine's Day

Consumers will be digging deeper into their pockets to buy flowers, gift cards and chocolates on Valentine's Day with average spending expected to rise eight percent over last year to nearly USD 200.