Digital Gift Card Wallet

A digital gift card for Wallet is an innovative solution that allows users to store gift cards in digital form directly on their smartphones. This modern type of gift card offers numerous advantages over traditional physical gift cards. By storing them in a digital wallet, users always have their gift cards readily available without having to carry extra cards. Digital gift cards can be easily purchased online and immediately transferred to the wallet, significantly simplifying the purchasing process. Many retailers offer the option to personalize digital gift cards, allowing users to add custom messages or designs. This makes the gift cards a unique and personal gift idea. Another advantage of digital gift cards for Wallet is the ability to receive real-time updates. Users are informed about their current balance, upcoming expirations, or special offers, which greatly simplifies the management of gift cards.

Digital

The term "digital" is on everyone's lips and in countless media, but is still a big unknown for many companies. Digital means, that data of all kinds is presented in the form of a combination of numbers. The opposite of digital would be analog. Although analog data is generally more stable, digital data is easier to share and access and can theoretically be passed on indefinitely without generation loss, provided that it is migrated into new, stable formats as required. For this reason, it is a preferred method of information retention for many companies around the world. The more frequent use of the term digitization comes about in connection with the digital revolution and Industry 4.0. Digitization generally refers to the changes in processes, objects and events that occur as a result of the increasing use of digital devices. Meanwhile practically all industries profit through digitization.

Gift Card

A gift card is used as a substitute for conventional paper vouchers. It usually has the shape of a credit card and can therefore be stowed in any wallet. Such gift cards are not tied to a specific person, but have a unique number that can be scanned with the help of a barcode, magnetic strip or RFID chip. Each gift card is assigned to one account. If changes are made to the card's account balance made at the sales location, this will be passed on to the server. The value of a gift card can be specified when purchasing the gift card. Now the recipient can use this particular voucher value when shopping in the corresponding store. Depending on the gift card, this can be redeemed in a single store or, as in the case of a shopping arcade, in several stores. Gift cards can be personalized and therefore adapted to the corporate identity of the company. Digital gift cards represent a further development in terms of gift cards. Customers can save these on their mobile devices in the respective app. As a result, more space is available in the wallet and the cards do not get lost so easily.

Wallet

Apple Wallet & Google Wallet

A Wallet App can be found on both iOS and Android devices. These digital Wallets can store means of payment such as credit cards or digital cards such as customer cards, admission tickets, boarding cards and coupons. Due to the large number of possible card types, the possible uses of the Wallet seem endless. For example, a digital customer card can be used to implement a digital customer loyalty program. The end customer can be notified via push notifications using the card stored in the Wallet and benefit from dynamic real-time updates of the customer account. The Wallet offers companies a high level of transparency about the behavior of their customers and the possibility of persuading them to make a purchase by means of individual offers.