Digital gift cards – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Mon, 22 Dec 2025 16:38:50 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Digital gift cards – Tech | Business | Economy https://techeconomy.ng 32 32 TikTok Shop Launches Digital Gift Cards as U.S. Sales Surge https://techeconomy.ng/tiktok-shop-digital-gift-cards-us-sales/ https://techeconomy.ng/tiktok-shop-digital-gift-cards-us-sales/#respond Mon, 22 Dec 2025 16:32:14 +0000 https://techeconomy.ng/?p=173080 TikTok has launched digital gift cards on TikTok Shop in the United States, expanding its e-commerce focus during the peak holiday shopping period.

The feature allows users to buy digital gift cards valued between $10 and $500, giving recipients a simple way to shop from the app’s growing catalogue. 

Cards are sent by email and can only be redeemed by users with a TikTok account. Once claimed, the value is added straight to the recipient’s TikTok balance, ready to spend.

TikTok Shop is working to prove it can move beyond impulse buys and creator-led sales into mainstream online retail. In adding gift cards, it is stepping directly into territory long dominated by Amazon and eBay, where gifting is a huge driver of repeat spending.

What stands out is how social the process is designed to be. Buyers can choose from animated designs built for birthdays, weddings, thank-you messages and other occasions. Recipients can reply with a note of thanks or send a gift card back. TikTok says this is only the start.

A spokesperson said future updates will enhance personalisation, including the option to attach recorded or uploaded video messages. The company also pointed to an “interactive unboxing that captures their reaction in real-time,” though details were not disclosed.

For now, the TikTok Shop digital gift cards are only available for purchase in the U.S., with no timeline announced for other markets.

The rollout follows a strong showing during the 2025 Black Friday and Cyber Monday period, when TikTok Shop recorded more than $500 million in U.S. sales over four days. 

That figure represents almost 50% growth compared with the same period in 2024. Brands such as Disney and Samsung took part in the holiday push, a sign that TikTok Shop is attracting more established retailers, not just small merchants and influencers.

At the same time, the platform is widening its product mix. Alongside everyday goods, TikTok Shop has moved into luxury fashion and resale items, a clear attempt to increase average order values and appeal to older, wealthier shoppers.

Yet all of this growth sits under a cloud of uncertainty. TikTok’s U.S. operations are being restructured into a new entity, TikTok USDS Joint Venture LLC, which will be majority owned by American investors including Oracle, Silver Lake and UAE-based MGX. 

ByteDance is expected to retain roughly 20% ownership, while U.S. partners take control of data security and oversight of the algorithm.

The deal must close by January 22, 2026, to comply with U.S. law. If it fails, TikTok faces a nationwide ban, a scenario that would put TikTok Shop’s U.S. vision at risk just as they begin to gain traction.

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The Essence of Digital Gift Cards https://techeconomy.ng/the-essence-of-digital-gift-cards/ https://techeconomy.ng/the-essence-of-digital-gift-cards/#respond Sat, 12 Feb 2022 16:46:31 +0000 https://techeconomy.ng/?p=67893 The growth at which digital gifting has evolved over the years is truly commendable. In my opinion, Technology and education on digital gift cards certainly take all credit for this.

The individuals, who thought of easier ways to make purchases, and show loved ones that you care for them, and also people who decided to put real money into a digital asset, are responsible for where these gift cards are now. That leap of faith over the years has significantly done a great deal for us all today.

To make sure you are following, let me take it from the top.

What is a Digital Gift Card?

Digital gift cards also known as electronic gift cards, serve as alternative payment methods at specific brands, that can be used to make purchases at such places. “How is this different from regular physical gift cards?” You may ask.

The digital gift card like the name implies comes in electronic form. The process of purchasing and redeeming can be done completely online. Once purchased, these gift cards are sent directly to your Email.

Certain online brands predominantly operate with these gift cards and focus less on physical gift cards. For example; brands like Steam and Razer Gold, are online Gaming platforms where various PC games can be created, designed, and downloaded. Their major type of gift card is electronic ones.

Benefits of Owning a Digital Gift Card

Now that you know what a digital gift is, it is only right to have proper knowledge of the things you can do with this asset.

  1. Makes Shopping Convenient: Redeeming electronic gift cards is super comfortable and straightforward. For introverts, or people who just prefer to get things done quicker, this form of gift card is ideal. You can purchase, and redeem your gift card from the comfort of your home or office.
  2. Perfect present for loved ones: This is a safe, yet thoughtful gift to give to a loved one on their special occasion. You don’t need to risk it all by tying down funds to a specific item/s that they may not necessarily like or have outgrown when you can gift them a nicely funded digital card. Sent directly to their mail, from their favorite restaurant, brand, clothing store, etc.

As a parent, uncle/aunt, or cousin, you can agree that you might not have an exact knowledge of what your loved one would want at that specific time. An electronic gift card is a perfect present for such an occurrence.

  1. Serves as a Medium of Exchange: Why stop at just cryptocurrencies? especially in a country like Nigeria, You can safely and easily accept gift cards as a method of payment for a service from a partner or client, especially international ones.
  2. Could Be Resold: Another great thing about the electronic gift card is the ability to resell them for cash, here in Nigeria. On the right platform, you get amazing resale rates. This provides extra incentive because now you know that owning this gift card does not necessarily have to be a permanent thing.

Best Place to Resell Digital Gift Cards in Nigeria

What makes digital gift cards a perfect medium of exchange is the ability to convert them from their present form to physical cash. Only one platform in Nigeria does this perfectly. This platform is known as ”Cardtonic”

Cardtonic is a modern gift card exchange platform, that creates an avenue to sell major brand gift cards for cash within minutes. You would be offered the best rates in the market, a smooth trading experience, and the fastest payouts.

To begin, all you need to do is download the application from your Google or IOS play store, register, and you can start trading immediately. You can also send a message to the support team if you have more inquiries.

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