Canonical URL: https://giftcard.news/research-trends/latam-digital-gift-card-markets/ --- description: A detailed Latin America and Caribbean gift-card study: 33 countries, interactive maps, Statista statistics, forecasts, digital programmes, local laws and data. title: LATAM Digital Gift Cards: 33-Country Research Atlas image: https://giftcard.news/images/social/v1/digital-gift-cards-latin-america-caribbean-33-country-research-atlas-615c93f4ad21e2def71cc822f0b1e550.jpg --- 1. [Home](https://giftcard.news/) 2. [Research & Trends](https://giftcard.news/research-trends/) # Digital Gift Cards in Latin America and the Caribbean: A 33-Country Research Atlas 33 national profiles, two interactive maps, six Statista datasets, programme terms and local regulation. By [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 18, 2026 99 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Flatam-digital-gift-card-markets%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Digital%20Gift%20Cards%20in%20Latin%20America%20and%20the%20Caribbean%3A%20A%2033-Country%20Research%20Atlas "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Flatam-digital-gift-card-markets%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Digital%20Gift%20Cards%20in%20Latin%20America%20and%20the%20Caribbean%3A%20A%2033-Country%20Research%20Atlas%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Flatam-digital-gift-card-markets%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") Explore 33 countries ## F01\. National gift-card market estimates for 2025 Explore all 33 countries. Five verified PayNXT360 Q1 2026 estimates cover total gift cards, including physical and digital formats. Missing values are unavailable, not zero. Select a country for sources and its national profile. Research as of September 19, 2026 Hover to preview a country. Click, tap or use the selector to keep its details open. Press Escape or choose the empty option to resume hover previews. \# Everything here is public domain. \[Full terms of service »\](http://www.naturalearthdata.com/about/terms-of-use/) All versions of Natural Earth raster + vector map data found on this website are in the public domain. You may use the maps in any manner, including modifying the content and design, electronic dissemination, and offset printing. 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The author’s used river and lake data (for Europe only) from the European Commission, Joint Research Centre, Institute for Environment and Sustainability, here is their release: Natural Earth is hereby granted a non-exclusive license to use the data being provided by European Commission, Joint Research Centre, Institute for Environment and Sustainability (JRC IES) for the sole purpose of creating a world base map. The EC JRC IES makes no claims as to the completeness, accuracy or content of the data, and makes no representation of any kind, including, but not limited to, any warranty as to the accuracy or fitness of the data for a particular use (nor shall the act of distribution constitute any such warranty). No responsibility is assumed by EC JRC IES for any claims arising out of Natural Earth’s use of the data. The author’s used road transportation data (for North America only) from XNR Productions, here is their release: Natural Earth is hereby granted a non-exclusive license to use the data being provided by XNR Productions for the sole purpose of creating a world base map. XNR makes no claims as to the completeness, accuracy or content of the data, and makes no representation of any kind, including, but not limited to, any warranty as to the accuracy or fitness of the data for a particular use (nor shall the act of distribution constitute any such warranty). No responsibility is assumed by XNR for any claims arising out of Natural Earth’s use of the data. Happy mapping! [ Antigua and Barbuda: No comparable public 2025 national gift-card market estimate verified. ](#article-section-antigua-and-barbuda-locally-redeemable-email-gift-cards-verified-at-sunseakers-and-gingerl)[ Argentina: 2025: USD 1,170 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. ](#article-section-argentina-separate-digital-delivery-from-the-right-to-spend-online)[ Bahamas: No comparable public 2025 national gift-card market estimate verified. ](#article-section-the-bahamas-atlantis-offers-electronic-gift-cards-for-specified-local-resort-spending)[ Barbados: No comparable public 2025 national gift-card market estimate verified. ](#article-section-barbados-local-digital-cards-verified-in-hospitality-and-online-wine-retail)[ Belize: No comparable public 2025 national gift-card market estimate verified. ](#article-section-belize-local-egift-evidence-without-a-defensible-national-market-total)[ Bolivia: No comparable public 2025 national gift-card market estimate verified. ](#article-section-bolivia-local-digital-distribution-exists-but-catalogue-breadth-is-not-market-size)[ Brazil: 2025: USD 8,110 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. ](#article-section-brazil-the-largest-measured-south-american-market-in-this-source-set)[ Chile: 2025: USD 1,260 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. ](#article-section-chile-mature-programme-documentation-forecast-revisions-and-employee-taxation)[ Colombia: 2025: USD 1,090 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. ](#article-section-colombia-competing-market-estimates-and-a-specific-voucher-rule-verification-boundary)[ Costa Rica: No comparable public 2025 national gift-card market estimate verified. ](#article-section-costa-rica-digital-delivery-alongside-a-documented-corporate-retail-card-channel)[ Cuba: No comparable public 2025 national gift-card market estimate verified. ](#article-section-cuba-mixmarket-documents-digital-gift-cards-redeemable-within-its-cuban-retail-network)[ Dominica: No comparable public 2025 national gift-card market estimate verified. ](#article-section-dominica-local-certificates-and-a-physical-travel-gift-card-program-verified-digital-deliv)[ Dominican Republic: No comparable public 2025 national gift-card market estimate verified. ](#article-section-dominican-republic-lineup-documents-local-digital-gift-cards-with-website-specific-redempt)[ Ecuador: No comparable public 2025 national gift-card market estimate verified. ](#article-section-ecuador-digital-supermarket-gifting-with-product-specific-restrictions)[ El Salvador: No comparable public 2025 national gift-card market estimate verified. ](#article-section-el-salvador-digital-vouchers-require-attention-to-single-use-redemption)[ Grenada: No comparable public 2025 national gift-card market estimate verified. ](#article-section-grenada-rubis-fuel-gift-cards-verified-electronic-issuance-not-documented)[ Guatemala: No comparable public 2025 national gift-card market estimate verified. ](#article-section-guatemala-local-egift-issuance-and-a-separate-international-distribution-channel)[ Guyana: No comparable public 2025 national gift-card market estimate verified. ](#article-section-guyana-e-gift-cards-with-recipients-outside-the-issuer-s-account-base)[ Haiti: No comparable public 2025 national gift-card market estimate verified. ](#article-section-haiti-foreign-brand-digital-code-distribution-verified-domestic-merchant-acceptance-not-es)[ Honduras: No comparable public 2025 national gift-card market estimate verified. ](#article-section-honduras-a-local-digital-gift-can-be-redeemable-at-a-physical-counter)[ Jamaica: No comparable public 2025 national gift-card market estimate verified. ](#article-section-jamaica-giftme-documents-a-local-egift-platform-and-material-corporate-and-grocery-use)[ Mexico: 2025: USD 4,180 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. ](#article-section-mexico-a-measurable-national-market-with-distinct-retail-and-digital-products)[ Nicaragua: No comparable public 2025 national gift-card market estimate verified. ](#article-section-nicaragua-distinguish-domestic-redemption-from-the-distributor-s-selling-currency)[ Panama: No comparable public 2025 national gift-card market estimate verified. ](#article-section-panama-issuer-expiry-policies-differ-within-the-same-market)[ Paraguay: No comparable public 2025 national gift-card market estimate verified. ](#article-section-paraguay-local-emailed-cards-and-the-limits-of-online-acceptance)[ Peru: No comparable public 2025 national gift-card market estimate verified. ](#article-section-peru-distinguish-a-choice-voucher-from-the-merchant-card-it-buys)[ Saint Kitts and Nevis: No comparable public 2025 national gift-card market estimate verified. ](#article-section-saint-kitts-and-nevis-national-bank-gift-prepaid-cards-verified-electronic-delivery-unconf)[ Saint Lucia: No comparable public 2025 national gift-card market estimate verified. ](#article-section-saint-lucia-rubis-local-fuel-gift-cards-verified-digital-fulfilment-not-documented)[ Saint Vincent and the Grenadines: No comparable public 2025 national gift-card market estimate verified. ](#article-section-saint-vincent-and-the-grenadines-a-physical-travel-gift-card-program-is-verified-local-dig)[ Suriname: No comparable public 2025 national gift-card market estimate verified. ](#article-section-suriname-do-not-transfer-a-physical-network-s-reach-to-its-digital-card)[ Trinidad and Tobago: No comparable public 2025 national gift-card market estimate verified. ](#article-section-trinidad-and-tobago-local-email-vouchers-and-physical-supermarket-gift-cards-documented)[ Uruguay: No comparable public 2025 national gift-card market estimate verified. ](#article-section-uruguay-an-expiry-label-does-not-settle-the-fate-of-prepaid-value)[ Venezuela: No comparable public 2025 national gift-card market estimate verified. ](#article-section-venezuela-domestic-merchant-cards-and-foreign-codes-are-different-markets) The 13 sovereign Caribbean countries appear in an enlarged inset. Two-letter labels select all 33 countries. Dependent territories are outside this dataset. Boundaries do not express a position on sovereignty. Find a country Choose a country Antigua and BarbudaArgentinaBahamasBarbadosBelizeBoliviaBrazilChileColombiaCosta RicaCubaDominicaDominican RepublicEcuadorEl SalvadorGrenadaGuatemalaGuyanaHaitiHondurasJamaicaMexicoNicaraguaPanamaParaguayPeruSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSurinameTrinidad and TobagoUruguayVenezuela 33 ### Explore the country-by-country evidence. Select a country to read its classification, details and underlying sources. Each country links to its full analysis below. ### Antigua and Barbuda No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Antigua and Barbuda analysis ](#article-section-antigua-and-barbuda-locally-redeemable-email-gift-cards-verified-at-sunseakers-and-gingerl) ### Argentina USD 1bn to below USD 3bn 2025: USD 1,170 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. PayNXT360 Q1 2026 estimate for total gift-card industry, not digital-only. Public summary does not provide independent validation. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. **Read the sources** * [\[S04\] PayNXT360 Q1 2026 country report (opens in a new tab)](https://www.researchandmarkets.com/reports/6219814/argentina-gift-card-business-investment?utm%5Fsource=giftcard.news) [Full Argentina analysis ](#article-section-argentina-separate-digital-delivery-from-the-right-to-spend-online) ### Bahamas No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Bahamas analysis ](#article-section-the-bahamas-atlantis-offers-electronic-gift-cards-for-specified-local-resort-spending) ### Barbados No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Barbados analysis ](#article-section-barbados-local-digital-cards-verified-in-hospitality-and-online-wine-retail) ### Belize No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No verifiable comparable national gift-card market estimate found. Local programme evidence must not be converted into a national value. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Belize analysis ](#article-section-belize-local-egift-evidence-without-a-defensible-national-market-total) ### Bolivia No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable verified 2025 national gift-card estimate found. Catalogue size is not a sales measure. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Bolivia analysis ](#article-section-bolivia-local-digital-distribution-exists-but-catalogue-breadth-is-not-market-size) ### Brazil USD 3 billion or more 2025: USD 8,110 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. PayNXT360 Q1 2026 total gift-card estimate. USD amount covers all formats; no verified digital-only market value. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. **Read the sources** * [\[S01\] PayNXT360 Q1 2026 country report (opens in a new tab)](https://www.globenewswire.com/news-release/2026/03/03/3248673/0/en/brazil-gift-card-business-databook-report-2026-market-to-grow-by-over-5-5-billion-by-2030-with-distribution-concentrating-around-large-retail-chains-marketplaces-and-digital-platfo.html?utm%5Fsource=giftcard.news) [Full Brazil analysis ](#article-section-brazil-the-largest-measured-south-american-market-in-this-source-set) ### Chile USD 1bn to below USD 3bn 2025: USD 1,260 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. PayNXT360 Q1 2026 total-market estimate; older Q1 2025 forecast was USD 1.29bn. Difference is a vintage revision, not proven decline. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. **Read the sources** * [\[S03\] PayNXT360 Q1 2026 country report (opens in a new tab)](https://www.researchandmarkets.com/reports/6219808/chile-gift-card-business-investment?utm%5Fsource=giftcard.news) [Full Chile analysis ](#article-section-chile-mature-programme-documentation-forecast-revisions-and-employee-taxation) ### Colombia USD 1bn to below USD 3bn 2025: USD 1,090 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. PayNXT360 Q1 2026 total-market estimate selected for common publisher/vintage. IMARC alternative USD 1258.9m is shown separately and not averaged. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. **Read the sources** * [\[S05\] PayNXT360 Q1 2026 country report (opens in a new tab)](https://www.researchandmarkets.com/reports/6219806/colombia-gift-card-business-investment?utm%5Fsource=giftcard.news) [Full Colombia analysis ](#article-section-colombia-competing-market-estimates-and-a-specific-voucher-rule-verification-boundary) ### Costa Rica No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable country-level gift-card market estimate verified; issuer denomination and order limits are not national sales. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Costa Rica analysis ](#article-section-costa-rica-digital-delivery-alongside-a-documented-corporate-retail-card-channel) ### Cuba No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Cuba analysis ](#article-section-cuba-mixmarket-documents-digital-gift-cards-redeemable-within-its-cuban-retail-network) ### Dominica No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Dominica analysis ](#article-section-dominica-local-certificates-and-a-physical-travel-gift-card-program-verified-digital-deliv) ### Dominican Republic No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Dominican Republic analysis ](#article-section-dominican-republic-lineup-documents-local-digital-gift-cards-with-website-specific-redempt) ### Ecuador No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No verified comparable national 2025 gift-card value. Product face values are not market-size observations. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Ecuador analysis ](#article-section-ecuador-digital-supermarket-gifting-with-product-specific-restrictions) ### El Salvador No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable national gift-card market value verified. Product denominations and voucher conditions do not measure market size. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full El Salvador analysis ](#article-section-el-salvador-digital-vouchers-require-attention-to-single-use-redemption) ### Grenada No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Grenada analysis ](#article-section-grenada-rubis-fuel-gift-cards-verified-electronic-issuance-not-documented) ### Guatemala No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable national gift-card sales estimate verified. Direct merchant products and cross-border distribution establish availability, not volume. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Guatemala analysis ](#article-section-guatemala-local-egift-issuance-and-a-separate-international-distribution-channel) ### Guyana No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No verified 2025 gift-card market value. Issuer terms and denominations are not volume estimates. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Guyana analysis ](#article-section-guyana-e-gift-cards-with-recipients-outside-the-issuer-s-account-base) ### Haiti No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Haiti analysis ](#article-section-haiti-foreign-brand-digital-code-distribution-verified-domestic-merchant-acceptance-not-es) ### Honduras No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable national gift-card market estimate verified. Merchant denomination menus do not establish spending volume. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Honduras analysis ](#article-section-honduras-a-local-digital-gift-can-be-redeemable-at-a-physical-counter) ### Jamaica No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Jamaica analysis ](#article-section-jamaica-giftme-documents-a-local-egift-platform-and-material-corporate-and-grocery-use) ### Mexico USD 3 billion or more 2025: USD 4,180 million. PayNXT360 estimate, Q1 2026 edition. Physical and digital gift cards combined. PayNXT360 January 2026 estimate of the total gift-card market, rounded USD 4.18 bn; covers formats and consumer segments. Not a digital-only figure or an audited national sales total. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. **Read the sources** * [\[S02\] PayNXT360 Q1 2026 country report (opens in a new tab)](https://www.researchandmarkets.com/reports/6219790/mexico-gift-card-business-investment?utm%5Fsource=giftcard.news) [Full Mexico analysis ](#article-section-mexico-a-measurable-national-market-with-distinct-retail-and-digital-products) ### Nicaragua No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable national gift-card market estimate verified. The NIO 500 product value is a denomination, not sales data. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Nicaragua analysis ](#article-section-nicaragua-distinguish-domestic-redemption-from-the-distributor-s-selling-currency) ### Panama No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable national gift-card market estimate verified. Programme count, software availability and face values are not market size. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Panama analysis ](#article-section-panama-issuer-expiry-policies-differ-within-the-same-market) ### Paraguay No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No verified comparable 2025 national gift-card market estimate. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Paraguay analysis ](#article-section-paraguay-local-emailed-cards-and-the-limits-of-online-acceptance) ### Peru No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No verified comparable national 2025 total. Search interest and catalogue availability are not sales. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Peru analysis ](#article-section-peru-distinguish-a-choice-voucher-from-the-merchant-card-it-buys) ### Saint Kitts and Nevis No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Saint Kitts and Nevis analysis ](#article-section-saint-kitts-and-nevis-national-bank-gift-prepaid-cards-verified-electronic-delivery-unconf) ### Saint Lucia No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Saint Lucia analysis ](#article-section-saint-lucia-rubis-local-fuel-gift-cards-verified-digital-fulfilment-not-documented) ### Saint Vincent and the Grenadines No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Saint Vincent and the Grenadines analysis ](#article-section-saint-vincent-and-the-grenadines-a-physical-travel-gift-card-program-is-verified-local-dig) ### Suriname No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No verified 2025 national market estimate. Network counts and product prices do not measure market value. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Suriname analysis ](#article-section-suriname-do-not-transfer-a-physical-network-s-reach-to-its-digital-card) ### Trinidad and Tobago No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No independently usable 2025 national gift-card market estimate was located in the reviewed sources. Product denominations and company transaction figures are not national market totals. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Trinidad and Tobago analysis ](#article-section-trinidad-and-tobago-local-email-vouchers-and-physical-supermarket-gift-cards-documented) ### Uruguay No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No verified 2025 national market value; programme evidence retained without extrapolation. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Uruguay analysis ](#article-section-uruguay-an-expiry-label-does-not-settle-the-fate-of-prepaid-value) ### Venezuela No verified comparable estimate No comparable public 2025 national gift-card market estimate verified. No comparable 2025 national gift-card market estimate verified; foreign-code sales cannot be substituted for local issuer value. Missing values are not imputed. No national virtual-only share is inferred. See the country profile for dated forecasts and programme evidence. [Full Venezuela analysis ](#article-section-venezuela-domestic-merchant-cards-and-foreign-codes-are-different-markets) * **USD 1bn to below USD 3bn** Attributed 2025 total-market estimate between USD 1 billion and USD 3 billion. 3 * **USD 3 billion or more** Attributed 2025 total-market estimate of at least USD 3 billion. 2 * **No verified comparable estimate** No usable public 2025 national gift-card value established. This does not mean no market exists. 28 Commercial estimates, not audited national sales. Regional source versions conflict and geographic definitions differ; no 33-country total or country market shares are calculated. The Caribbean uses a separate inset scale. Countries with no figure remain selectable. Geography: [Natural Earth, 1:50m](https://www.naturalearthdata.com/downloads/50m-cultural-vectors/50m-admin-0-countries-2/?utm%5Fsource=giftcard.news). [Public domain geometry](https://github.com/nvkelso/natural-earth-vector/blob/master/LICENSE.md?utm%5Fsource=giftcard.news). **In this report** 1. [How to read the evidence](#article-section-how-to-read-the-evidence) 2. [National market estimates and their limits](#article-section-national-market-estimates-and-their-limits) 3. [Statista: gift preferences and seasonal search interest](#article-section-statista-gift-preferences-and-seasonal-search-interest) 4. [Where local digital gift programmes are documented](#article-section-where-local-digital-gift-programmes-are-documented) 5. [Why the published regional totals do not reconcile](#article-section-why-the-published-regional-totals-do-not-reconcile) 6. [Cross-border distribution and the local redemption question](#article-section-cross-border-distribution-and-the-local-redemption-question) 7. [Mexico and Central America: country profiles](#article-section-mexico-and-central-america-country-profiles) 8. [Belize: local eGift evidence without a defensible national market total](#article-section-belize-local-egift-evidence-without-a-defensible-national-market-total) 9. [Costa Rica: digital delivery alongside a documented corporate retail-card channel](#article-section-costa-rica-digital-delivery-alongside-a-documented-corporate-retail-card-channel) 10. [El Salvador: digital vouchers require attention to single-use redemption](#article-section-el-salvador-digital-vouchers-require-attention-to-single-use-redemption) 11. [Guatemala: local eGift issuance and a separate international distribution channel](#article-section-guatemala-local-egift-issuance-and-a-separate-international-distribution-channel) 12. [Honduras: a local digital gift can be redeemable at a physical counter](#article-section-honduras-a-local-digital-gift-can-be-redeemable-at-a-physical-counter) 13. [Mexico: a measurable national market with distinct retail and digital products](#article-section-mexico-a-measurable-national-market-with-distinct-retail-and-digital-products) 14. [Nicaragua: distinguish domestic redemption from the distributor's selling currency](#article-section-nicaragua-distinguish-domestic-redemption-from-the-distributor-s-selling-currency) 15. [Panama: issuer expiry policies differ within the same market](#article-section-panama-issuer-expiry-policies-differ-within-the-same-market) 16. [South America: country profiles](#article-section-south-america-country-profiles) 17. [Argentina: separate digital delivery from the right to spend online](#article-section-argentina-separate-digital-delivery-from-the-right-to-spend-online) 18. [Bolivia: local digital distribution exists, but catalogue breadth is not market size](#article-section-bolivia-local-digital-distribution-exists-but-catalogue-breadth-is-not-market-size) 19. [Brazil: the largest measured South American market in this source set](#article-section-brazil-the-largest-measured-south-american-market-in-this-source-set) 20. [Chile: mature programme documentation, forecast revisions and employee taxation](#article-section-chile-mature-programme-documentation-forecast-revisions-and-employee-taxation) 21. [Colombia: competing market estimates and a specific voucher-rule verification boundary](#article-section-colombia-competing-market-estimates-and-a-specific-voucher-rule-verification-boundary) 22. [Ecuador: digital supermarket gifting with product-specific restrictions](#article-section-ecuador-digital-supermarket-gifting-with-product-specific-restrictions) 23. [Guyana: e-gift cards with recipients outside the issuer's account base](#article-section-guyana-e-gift-cards-with-recipients-outside-the-issuer-s-account-base) 24. [Paraguay: local emailed cards and the limits of online acceptance](#article-section-paraguay-local-emailed-cards-and-the-limits-of-online-acceptance) 25. [Peru: distinguish a choice voucher from the merchant card it buys](#article-section-peru-distinguish-a-choice-voucher-from-the-merchant-card-it-buys) 26. [Suriname: do not transfer a physical network's reach to its digital card](#article-section-suriname-do-not-transfer-a-physical-network-s-reach-to-its-digital-card) 27. [Uruguay: an expiry label does not settle the fate of prepaid value](#article-section-uruguay-an-expiry-label-does-not-settle-the-fate-of-prepaid-value) 28. [Venezuela: domestic merchant cards and foreign codes are different markets](#article-section-venezuela-domestic-merchant-cards-and-foreign-codes-are-different-markets) 29. [The Caribbean: country profiles](#article-section-the-caribbean-country-profiles) 30. [Antigua and Barbuda: Locally redeemable email gift cards verified at Sunseakers and Gingerlily](#article-section-antigua-and-barbuda-locally-redeemable-email-gift-cards-verified-at-sunseakers-and-gingerl) 31. [Barbados: Local digital cards verified in hospitality and online wine retail](#article-section-barbados-local-digital-cards-verified-in-hospitality-and-online-wine-retail) 32. [Cuba: MixMarket documents digital gift cards redeemable within its Cuban retail network](#article-section-cuba-mixmarket-documents-digital-gift-cards-redeemable-within-its-cuban-retail-network) 33. [Dominica: Local certificates and a physical travel gift-card program verified; digital delivery unconfirmed](#article-section-dominica-local-certificates-and-a-physical-travel-gift-card-program-verified-digital-deliv) 34. [Dominican Republic: LineUp documents local digital gift cards with website-specific redemption](#article-section-dominican-republic-lineup-documents-local-digital-gift-cards-with-website-specific-redempt) 35. [Grenada: RUBIS fuel gift cards verified; electronic issuance not documented](#article-section-grenada-rubis-fuel-gift-cards-verified-electronic-issuance-not-documented) 36. [Haiti: Foreign-brand digital-code distribution verified; domestic merchant acceptance not established](#article-section-haiti-foreign-brand-digital-code-distribution-verified-domestic-merchant-acceptance-not-es) 37. [Jamaica: Giftme documents a local eGift platform and material corporate and grocery use](#article-section-jamaica-giftme-documents-a-local-egift-platform-and-material-corporate-and-grocery-use) 38. [Saint Kitts and Nevis: National Bank gift prepaid cards verified; electronic delivery unconfirmed](#article-section-saint-kitts-and-nevis-national-bank-gift-prepaid-cards-verified-electronic-delivery-unconf) 39. [Saint Lucia: RUBIS local fuel gift cards verified; digital fulfilment not documented](#article-section-saint-lucia-rubis-local-fuel-gift-cards-verified-digital-fulfilment-not-documented) 40. [Saint Vincent and the Grenadines: A physical travel gift-card program is verified; local digital delivery remains unconfirmed](#article-section-saint-vincent-and-the-grenadines-a-physical-travel-gift-card-program-is-verified-local-dig) 41. [The Bahamas: Atlantis offers electronic gift cards for specified local resort spending](#article-section-the-bahamas-atlantis-offers-electronic-gift-cards-for-specified-local-resort-spending) 42. [Trinidad and Tobago: Local email vouchers and physical supermarket gift cards documented](#article-section-trinidad-and-tobago-local-email-vouchers-and-physical-supermarket-gift-cards-documented) 43. [What the atlas means for programme design](#article-section-what-the-atlas-means-for-programme-design) 44. [Reading the legal evidence correctly](#article-section-reading-the-legal-evidence-correctly) 45. [Methodology, data access and update priorities](#article-section-methodology-data-access-and-update-priorities) 46. [Sources and research record](#article-section-sources-and-research-record) 4 figures * [F01\. National gift-card market estimates for 2025](#article-figure-f01) * [F02\. Statista: vouchers and gift cards as desired Christmas gifts](#article-figure-f02) * [F03\. Statista / Picodi: Christmas gift-card search increases](#article-figure-f03) * [F04\. Documented local digital gift programmes and other evidence](#article-figure-f04) 44 tables * [T01\. Evidence categories used throughout the atlas](#article-table-t01) * [T02\. National gift-card estimates for 2025](#article-table-t02) * [T03\. Statista consumer preferences: original survey definitions](#article-table-t03) * [T04\. Statista and Picodi: reported gift-card search increases](#article-table-t04) * [T05\. Programme evidence across all 33 countries](#article-table-t05) * [T06\. Regional estimates: definitions and publication conflicts](#article-table-t06) * [T07\. Belize: product and regulatory evidence](#article-table-t07) * [T08\. Costa Rica: verified programme conditions](#article-table-t08) * [T09\. El Salvador: digital and balance-based offers](#article-table-t09) * [T10\. Guatemala: product, distributor and legal evidence](#article-table-t10) * [T11\. Honduras: delivery format is not the redemption channel](#article-table-t11) * [T12\. Mexico: market estimates and forecasts by publication vintage](#article-table-t12) * [T13\. Mexico: verified issuer terms, accessed 19 September 2026](#article-table-t13) * [T14\. Nicaragua: value, redemption and regulatory scope](#article-table-t14) * [T15\. Panama: comparable product conditions](#article-table-t15) * [T16\. Argentina: dated market estimates and programme observations](#article-table-t16) * [T17\. Bolivia: verified programme design](#article-table-t17) * [T18\. Brazil: total gift-card market series](#article-table-t18) * [T19\. Brazil: virtual-card and legal comparison](#article-table-t19) * [T20\. Chile: distinguish report vintages](#article-table-t20) * [T21\. Chile: programme controls and employer obligations](#article-table-t21) * [T22\. Colombia: alternative estimates, not an average](#article-table-t22) * [T23\. Colombia: product evidence and legal verification](#article-table-t23) * [T24\. Ecuador: local programme evidence](#article-table-t24) * [T25\. Guyana: e-gift cards and store-card benchmark](#article-table-t25) * [T26\. Paraguay: denominations and channel restrictions](#article-table-t26) * [T27\. Peru: digital programme conditions](#article-table-t27) * [T28\. Suriname: format, currency and acceptance boundaries](#article-table-t28) * [T29\. Uruguay: product conditions versus official expiry guidance](#article-table-t29) * [T30\. Venezuela: distinguish domestic value from foreign codes](#article-table-t30) * [T31\. Antigua and Barbuda: observed merchant parameters](#article-table-t31) * [T32\. Barbados: digital programs with different acceptance rules](#article-table-t32) * [T33\. Cuba: MixMarket digital gift-card evidence](#article-table-t33) * [T34\. Dominica: documented products and remaining format gaps](#article-table-t34) * [T35\. Dominican Republic: disclosed LineUp gift-card conditions](#article-table-t35) * [T36\. Grenada: fuel gifting evidence](#article-table-t36) * [T37\. Haiti: distribution is not domestic acceptance](#article-table-t37) * [T38\. Jamaica: Giftme product limits and company-reported observations](#article-table-t38) * [T39\. Saint Kitts and Nevis: bank gift prepaid card](#article-table-t39) * [T40\. Saint Lucia: product and statutory dates](#article-table-t40) * [T41\. Saint Vincent and the Grenadines: verified travel-gifting evidence](#article-table-t41) * [T42\. The Bahamas: Atlantis product structure](#article-table-t42) * [T43\. Trinidad and Tobago: contrasting digital and physical products](#article-table-t43) * [T44\. Programme assessment: the questions behind the country tables](#article-table-t44) [Download data (CSV)](https://giftcard.news/research-trends/latam-digital-gift-card-markets/data.csv) Chart values, table cells, source references and the report revision date. Latin America and the Caribbean cannot be understood through a single gift-card growth forecast. An emailed retail voucher in Brazil, a merchant-network reward in Jamaica and a gift purchased overseas for redemption in Cuba may all be digital gifts, but they create different obligations, reach different recipients and move through different commercial systems. The practical question for an issuer, distributor or corporate buyer is where the value can actually be spent, under which terms, and with what evidence of demand. This research atlas examines all 33 sovereign countries in Latin America and the Caribbean. It combines attributed market estimates, six [Statista](https://giftcard.news/company/statista/) datasets, original programme documentation and local regulatory material. Its emphasis is virtual gift cards: value delivered through email, messages, apps, digital codes or QR credentials. Physical products appear where they explain the local market or provide the only programme evidence found. Each country has its own analysis and selectable map panel, including countries for which no reliable national market value was established. The research date is 19 September 2026\. Figures retain their original observation years. A report published in 2026 can describe a 2025 estimate or a 2030 forecast; neither becomes an observed 2026 sale. Historical consumer and search studies are included because they address gift cards directly, with the original limitations attached. The study does not use general wallet penetration, card ownership, remittance volumes or e-commerce turnover as substitutes for gift-card measurements. ## How to read the evidence The atlas separates three questions. First, how much gift-card value does a commercial research publisher estimate for a national market? Second, what do consumers say or search about gift cards? Third, what can a recipient buy and redeem from a documented programme today? These are complementary questions, but their answers should not be merged into one adoption score. A large national estimate does not reveal how much is virtual. A functioning digital product does not demonstrate widespread demand. A search increase says nothing about the monetary value of eventual purchases. The evidence tables retain the original currency for product terms. Local denominations are not converted into a common US-dollar price because exchange rates would add another observation date and could obscure domestic purchasing limits. Market estimates already expressed in US dollars retain their publisher's conversion basis, which is not independently reconstructed here. Corporate-only figures, retailer-specific sales and outstanding balances remain distinct from total-market spending. ### T01\. Evidence categories used throughout the atlas Scroll left or right to see all columns __T01\. Evidence categories used throughout the atlas__ | Evidence | What it establishes | What it does not establish | | --------------------------------- | ------------------------------------------------------------------------- | ------------------------------------------------------------------------------- | | Commercial national estimate | A named publisher's model for a defined market and year | Audited sales, digital-only spending or a common methodology across publishers | | Statista consumer survey | Responses to a specific question among the stated population | Completed purchases, payment transaction share or coverage of offline consumers | | Gift-card search indicator | Relative interest in a gift-card search category during the stated period | Number of buyers, value sold, redemption rate or national adoption | | Issuer terms and product page | Advertised denominations, delivery, acceptance and restrictions | Successful fulfilment, national prevalence or regulatory approval | | Regulator or legislation | The wording and scope of an official rule or interpretation | Automatic application to every product marketed as a gift card | | Company-reported programme result | Activity within the named company, period and measurement | A national market total or an independently audited result unless stated | The two maps answer different questions. The market map groups verified 2025 estimates by value, with the publisher identified in every populated panel. The programme map classifies the best documented local route: electronic gift delivery, foreign-code distribution, physical-only evidence or insufficient evidence. Neither map is a ranking of the attractiveness of a country. Every classification links to the country discussion, where format, legal and geographic restrictions receive more space. ## National market estimates and their limits The estimates below use the Q1 2026 [PayNXT360](https://giftcard.news/company/paynxt360/) country-report vintage where a clearly identified 2025 gift-card total was verified. They include physical and digital formats. Other publishers' estimates and earlier forecast vintages are discussed in the relevant country sections rather than silently substituted into a continuous series. Public report descriptions generally provide less methodological detail than a full paid databook, so these numbers remain attributed estimates. ### T02\. National gift-card estimates for 2025 Scroll left or right to see all columns __T02\. National gift-card estimates for 2025__ | Country | 2025 value (USD million) | Measure and edition | Source | | --------- | ------------------------ | --------------------------------------------------------- | ------------------------------------------- | | Brazil | 8,110 | Total gift cards, physical and digital; PayNXT360 Q1 2026 | Country report [\[S01\]](#article-source-1) | | Mexico | 4,180 | Total gift cards, physical and digital; PayNXT360 Q1 2026 | Country report [\[S02\]](#article-source-2) | | Chile | 1,260 | Total gift cards, physical and digital; PayNXT360 Q1 2026 | Country report [\[S03\]](#article-source-3) | | Argentina | 1,170 | Total gift cards, physical and digital; PayNXT360 Q1 2026 | Country report [\[S04\]](#article-source-4) | | Colombia | 1,090 | Total gift cards, physical and digital; PayNXT360 Q1 2026 | Country report [\[S05\]](#article-source-5) | ## Statista: gift preferences and seasonal search interest Two Consumer Insights surveys ask which Christmas gifts respondents would personally be happy to receive. In Brazil, 19% selected vouchers or gift cards in the October 2023 survey. In Mexico, 15% selected that category in the late-October and early-November 2025 survey. Both permitted multiple answers and covered the residential online population. These are separate observations with different years and age ranges, not a simultaneous comparison of national purchasing behaviour. [\[S06\]](#article-source-6) [\[S07\]](#article-source-7) ### T03\. Statista consumer preferences: original survey definitions Scroll left or right to see all columns __T03\. Statista consumer preferences: original survey definitions__ | Country | Vouchers / gift cards | Fieldwork | Respondents | Ages | Population and question | | ------- | --------------------- | -------------------------- | ----------- | ----- | --------------------------------------------------------------------------------------------------------------- | | Brazil | 19% | 19–27 October 2023 | 1,040 | 18–64 | Residential online population; desired personal Christmas gifts; multiple answers. [\[S06\]](#article-source-6) | | Mexico | 15% | 28 October–7 November 2025 | 1,045 | 18–77 | Residential online population; desired personal Christmas gifts; multiple answers. [\[S07\]](#article-source-7) | The data behind the story ### F02\. Statista: vouchers and gift cards as desired Christmas gifts Separate Consumer Insights observations; different years and age ranges. % of respondents % of respondents Tap or hover for details. All values are also available in the data table. **Sources:** [\[S06\]](#article-source-6) Statista: Brazil; [\[S07\]](#article-source-7) Statista: Mexico Brazil: 19%, n=1,040, ages 18–64, 19–27 October 2023\. Mexico: 15%, n=1,045, ages 18–77, 28 October–7 November 2025\. Residential online population, multiple answers. Preference, not purchases or digital share. The two surveys do not establish a country ranking or trend. Explore the data table Scroll left or right to see all columns __F02\. Statista: vouchers and gift cards as desired Christmas gifts (% of respondents)__ | Category | % of respondents | | ------------- | ------------------- | | Brazil (2023) | 19 % of respondents | | Mexico (2025) | 15 % of respondents | Four further Statista series reproduce [Picodi](https://giftcard.news/company/picodi/) analyses of [Google Trends](https://giftcard.news/company/google/) around Christmas 2022\. They report increases in the gift-card search category for Argentina, Chile, Colombia and Peru. The December comparison is historical and refers to the earlier months of the same year. The numbers are retained as published; the underlying raw counts, query normalization and complete search-term specification were not obtained. They are useful indicators of seasonal research interest, with those limitations. ### T04\. Statista and Picodi: reported gift-card search increases Scroll left or right to see all columns __T04\. Statista and Picodi: reported gift-card search increases__ | Country | Reported increase | Observation period | Data producer | Interpretation | | --------- | ----------------- | ----------------------------------------------- | ---------------------- | ------------------------------------------------------------------- | | Argentina | 72% | December 2022 versus preceding-month reference | Picodi / Google Trends | Gift-card search interest, not sales. [\[S08\]](#article-source-8) | | Chile | 189% | December 2022 versus January–November reference | Picodi / Google Trends | Gift-card search interest, not sales. [\[S09\]](#article-source-9) | | Colombia | 112% | December 2022 versus the rest-of-year reference | Picodi / Google Trends | Gift-card search interest, not sales. [\[S10\]](#article-source-10) | | Peru | 201% | December 2022 versus January–November reference | Picodi / Google Trends | Gift-card search interest, not sales. [\[S11\]](#article-source-11) | The data behind the story ### F03\. Statista / Picodi: Christmas gift-card search increases Reported December 2022 uplift against the preceding-month reference in each country; underlying source released December 2023. % increase % increase Tap or hover for details. All values are also available in the data table. **Sources:** [\[S08\]](#article-source-8) Statista: Argentina; [\[S09\]](#article-source-9) Statista: Chile; [\[S10\]](#article-source-10) Statista: Colombia; [\[S11\]](#article-source-11) Statista: Peru Google Trends analysis reproduced by Statista. Country-specific baselines; raw counts, complete term specification and normalization were not obtained. Not sales, adoption, transaction share or digital-only demand. Do not compare search volumes from these percentages. Explore the data table Scroll left or right to see all columns __F03\. Statista / Picodi: Christmas gift-card search increases (% increase)__ | Category | % increase | | ---------------- | -------------- | | Argentina (2022) | 72 % increase | | Chile (2022) | 189 % increase | | Colombia (2022) | 112 % increase | | Peru (2022) | 201 % increase | All four observations were released by the underlying source in December 2023\. The percentage increase is relative to each country's own search reference, not a share of all searches or a count comparable across countries. A larger percentage can reflect a lower baseline. The charts therefore cannot establish that Peru sold more gift cards than Chile, or that Argentina had less digital gifting demand. Their practical use is narrower: they support examining gift-card discovery and merchandising around the Christmas period, while conversion and redemption require separate evidence. ## Where local digital gift programmes are documented The second map follows programme evidence country by country. A local digital classification requires documentation of a gift instrument delivered electronically for identified local acceptance. A foreign marketplace's country landing page alone is insufficient. An electronic receipt for a physical card also does not establish virtual issuance. Where a programme has several formats, the discussion explains which route is supported by the reviewed source. Explore 33 countries ## F04\. Documented local digital gift programmes and other evidence Compare programme evidence for every country, with issuer terms and source links. Digital means documented electronic delivery of locally redeemable gift value. A listing does not establish fulfilled purchases, national adoption or regulatory approval. Research as of September 19, 2026 Hover to preview a country. Click, tap or use the selector to keep its details open. Press Escape or choose the empty option to resume hover previews. \# Everything here is public domain. \[Full terms of service »\](http://www.naturalearthdata.com/about/terms-of-use/) All versions of Natural Earth raster + vector map data found on this website are in the public domain. You may use the maps in any manner, including modifying the content and design, electronic dissemination, and offset printing. 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The author’s used river and lake data (for Europe only) from the European Commission, Joint Research Centre, Institute for Environment and Sustainability, here is their release: Natural Earth is hereby granted a non-exclusive license to use the data being provided by European Commission, Joint Research Centre, Institute for Environment and Sustainability (JRC IES) for the sole purpose of creating a world base map. The EC JRC IES makes no claims as to the completeness, accuracy or content of the data, and makes no representation of any kind, including, but not limited to, any warranty as to the accuracy or fitness of the data for a particular use (nor shall the act of distribution constitute any such warranty). No responsibility is assumed by EC JRC IES for any claims arising out of Natural Earth’s use of the data. The author’s used road transportation data (for North America only) from XNR Productions, here is their release: Natural Earth is hereby granted a non-exclusive license to use the data being provided by XNR Productions for the sole purpose of creating a world base map. XNR makes no claims as to the completeness, accuracy or content of the data, and makes no representation of any kind, including, but not limited to, any warranty as to the accuracy or fitness of the data for a particular use (nor shall the act of distribution constitute any such warranty). No responsibility is assumed by XNR for any claims arising out of Natural Earth’s use of the data. Happy mapping! [ Antigua and Barbuda: Locally redeemable email gift cards verified at Sunseakers and Gingerlily. ](#article-section-antigua-and-barbuda-locally-redeemable-email-gift-cards-verified-at-sunseakers-and-gingerl)[ Argentina: Local virtual issuance is verified through Justa Osadia's emailed voucher. Its redemption channel is participating physical stores, not the website. ](#article-section-argentina-separate-digital-delivery-from-the-right-to-spend-online)[ Bahamas: Atlantis offers electronic gift cards for specified local resort spending. ](#article-section-the-bahamas-atlantis-offers-electronic-gift-cards-for-specified-local-resort-spending)[ Barbados: Local digital cards verified in hospitality and online wine retail. ](#article-section-barbados-local-digital-cards-verified-in-hospitality-and-online-wine-retail)[ Belize: MayaBags offers a Belize-dollar eGift card through its own storefront. ](#article-section-belize-local-egift-evidence-without-a-defensible-national-market-total)[ Bolivia: Giftealo's Bolivia portal confirms emailed gift cards for local brands. ](#article-section-bolivia-local-digital-distribution-exists-but-catalogue-breadth-is-not-market-size)[ Brazil: Renner provides a domestic virtual gift card with electronic delivery and eligible store and web redemption. ](#article-section-brazil-the-largest-measured-south-american-market-in-this-source-set)[ Chile: Cencosud confirms local digital barcode gift cards with specified participating retailers and online channels. ](#article-section-chile-mature-programme-documentation-forecast-revisions-and-employee-taxation)[ Colombia: BOSI confirms emailed local gift codes redeemable through its eligible Colombian stores and website. ](#article-section-colombia-competing-market-estimates-and-a-specific-voucher-rule-verification-boundary)[ Costa Rica: Intelec and Nitecore Costa Rica document local digital gift cards; Walmart separately describes physical and institutional cards. ](#article-section-costa-rica-digital-delivery-alongside-a-documented-corporate-retail-card-channel)[ Cuba: MixMarket documents digital gift cards redeemable within its Cuban retail network. ](#article-section-cuba-mixmarket-documents-digital-gift-cards-redeemable-within-its-cuban-retail-network)[ Dominica: Local certificates and a physical travel gift-card program verified; digital delivery unconfirmed. ](#article-section-dominica-local-certificates-and-a-physical-travel-gift-card-program-verified-digital-deliv)[ Dominican Republic: LineUp documents local digital gift cards with website-specific redemption. ](#article-section-dominican-republic-lineup-documents-local-digital-gift-cards-with-website-specific-redempt)[ Ecuador: Pichincha Miles offers a digitally delivered Supermaxi gift card for local physical-store use. ](#article-section-ecuador-digital-supermarket-gifting-with-product-specific-restrictions)[ El Salvador: n1co Cupones documents local merchant gift cards delivered digitally in El Salvador. ](#article-section-el-salvador-digital-vouchers-require-attention-to-single-use-redemption)[ Grenada: RUBIS fuel gift cards verified; electronic issuance not documented. ](#article-section-grenada-rubis-fuel-gift-cards-verified-electronic-issuance-not-documented)[ Guatemala: G.Store offers emailed quetzal gift cards. uLink separately distributes digitally delivered cards for Guatemalan merchants. ](#article-section-guatemala-local-egift-issuance-and-a-separate-international-distribution-channel)[ Guyana: MMG confirms local e-gift cards delivered by email or SMS, including to recipients without an MMG account. ](#article-section-guyana-e-gift-cards-with-recipients-outside-the-issuer-s-account-base)[ Haiti: Foreign-brand digital-code distribution verified; domestic merchant acceptance not established. ](#article-section-haiti-foreign-brand-digital-code-distribution-verified-domestic-merchant-acceptance-not-es)[ Honduras: Cafetano documents email-delivered digital gifts redeemable at participating Honduran branches. ](#article-section-honduras-a-local-digital-gift-can-be-redeemable-at-a-physical-counter)[ Jamaica: Giftme documents a local eGift platform and material corporate and grocery use. ](#article-section-jamaica-giftme-documents-a-local-egift-platform-and-material-corporate-and-grocery-use)[ Mexico: OXXOGAS documents an app-based gift-card programme with local fuel redemption. Walmart and Sam's separately document physical retail cards. ](#article-section-mexico-a-measurable-national-market-with-distinct-retail-and-digital-products)[ Nicaragua: TuNicaragua lists a La Colonia eGift for local supermarket redemption, with beneficiary email information. ](#article-section-nicaragua-distinguish-domestic-redemption-from-the-distributor-s-selling-currency)[ Panama: U.S. Polo Assn. Panama explicitly sells online-only digital cards. Line Up terms also address website-restricted digital gifts. ](#article-section-panama-issuer-expiry-policies-differ-within-the-same-market)[ Paraguay: Divana offers emailed codes for domestic online purchases. Unicentro separately documents digital vouchers restricted to physical stores. ](#article-section-paraguay-local-emailed-cards-and-the-limits-of-online-acceptance)[ Peru: Local digital evidence includes Giftealo merchant-card distribution and Drop The Label's emailed card. ](#article-section-peru-distinguish-a-choice-voucher-from-the-merchant-card-it-buys)[ Saint Kitts and Nevis: National Bank gift prepaid cards verified; electronic delivery unconfirmed. ](#article-section-saint-kitts-and-nevis-national-bank-gift-prepaid-cards-verified-electronic-delivery-unconf)[ Saint Lucia: RUBIS local fuel gift cards verified; digital fulfilment not documented. ](#article-section-saint-lucia-rubis-local-fuel-gift-cards-verified-digital-fulfilment-not-documented)[ Saint Vincent and the Grenadines: A physical travel gift-card program is verified; local digital delivery remains unconfirmed. ](#article-section-saint-vincent-and-the-grenadines-a-physical-travel-gift-card-program-is-verified-local-dig)[ Suriname: Dapper and Tulip document local digital cards. Tulip's digital acceptance is narrower than its overall programme network. ](#article-section-suriname-do-not-transfer-a-physical-network-s-reach-to-its-digital-card)[ Trinidad and Tobago: Local email vouchers and physical supermarket gift cards documented. ](#article-section-trinidad-and-tobago-local-email-vouchers-and-physical-supermarket-gift-cards-documented)[ Uruguay: Delishop and Montevideo Portal offer local gift codes by email. ](#article-section-uruguay-an-expiry-label-does-not-settle-the-fate-of-prepaid-value)[ Venezuela: Eva Store verifies a locally redeemable emailed gift card. Venegift separately distributes foreign digital codes. ](#article-section-venezuela-domestic-merchant-cards-and-foreign-codes-are-different-markets) The 13 sovereign Caribbean countries appear in an enlarged inset. Two-letter labels select all 33 countries. Dependent territories are outside this dataset. Boundaries do not express a position on sovereignty. Find a country Choose a country Antigua and BarbudaArgentinaBahamasBarbadosBelizeBoliviaBrazilChileColombiaCosta RicaCubaDominicaDominican RepublicEcuadorEl SalvadorGrenadaGuatemalaGuyanaHaitiHondurasJamaicaMexicoNicaraguaPanamaParaguayPeruSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSurinameTrinidad and TobagoUruguayVenezuela 33 ### Explore the country-by-country evidence. Select a country to read its classification, details and underlying sources. Each country links to its full analysis below. ### Antigua and Barbuda Local digital programme Locally redeemable email gift cards verified at Sunseakers and Gingerlily. USD-selected options US$25,50,100,200 plus custom amount. Instant email delivery stated. Non-refundable purchase term; expiry and partial-spend details not located. Single-merchant evidence, not nationwide adoption. **Read the sources** * [\[S12\] Buy a Gift Card (opens in a new tab)](https://www.sunseakers.com/buy-gift-card/?utm%5Fsource=giftcard.news) * [\[S99\] Consumer Protection Act 2025, No. 7 (opens in a new tab)](https://laws.gov.ag/wp-content/uploads/2025/11/No.-7-of-2025-Consumer-Protection-Act-2025.pdf?utm%5Fsource=giftcard.news) [Full Antigua and Barbuda analysis ](#article-section-antigua-and-barbuda-locally-redeemable-email-gift-cards-verified-at-sunseakers-and-gingerl) ### Argentina Local digital programme Local virtual issuance is verified through Justa Osadia's emailed voucher. Its redemption channel is participating physical stores, not the website. Example: ARS 200,000; 180 days; one transaction; top-up permitted. Product terms are not national expiry legislation. **Read the sources** * [\[S13\] Justa Osadia (opens in a new tab)](https://www.provinciacompras.com.ar/justa-osadia---gift-card-virtual---200-000-183283/p?utm%5Fsource=giftcard.news) [Full Argentina analysis ](#article-section-argentina-separate-digital-delivery-from-the-right-to-spend-online) ### Bahamas Local digital programme Atlantis offers electronic gift cards for specified local resort spending. No expiry; non-reloadable; physical shipping charges can apply. Published exclusions include casino, flights, security deposits and online reservations. CARD2104, Inc. is the named issuer/obligor. Corporate bulk orders available. **Read the sources** * [\[S40\] Atlantis Gift Cards (opens in a new tab)](https://www.atlantisbahamas.com/gift-cards?utm%5Fsource=giftcard.news) * [\[S115\] Consumer Protection Act, Chapter 337C (opens in a new tab)](https://laws.bahamas.gov.bs/cms/images/LEGISLATION/PRINCIPAL/2007/2007-0007/2007-0007.pdf?utm%5Fsource=giftcard.news) [Full Bahamas analysis ](#article-section-the-bahamas-atlantis-offers-electronic-gift-cards-for-specified-local-resort-spending) ### Barbados Local digital programme Local digital cards verified in hospitality and online wine retail. Fish Pot: US$75,125,175,250,325 emailed cards for three named Barbados venues. Platinum Wines: email delivery, website redemption, 12-month validity. Payment-services framework exists but does not itself classify these closed-loop programs. **Read the sources** * [\[S14\] Purchase a Digital Gift Card (opens in a new tab)](https://www.giftcards.fishpotbarbados.com/product-category/gift-cards/?utm%5Fsource=giftcard.news) * [\[S100\] Platinum Wines E-Gift Cards (opens in a new tab)](https://www.platinumwinesbarbados.com/collections/platinum-wines-e-gift-cards?utm%5Fsource=giftcard.news) * [\[S101\] Oversight: Legal and Regulatory Framework (opens in a new tab)](https://www.centralbank.org.bb/news/oversight?utm%5Fsource=giftcard.news) [Full Barbados analysis ](#article-section-barbados-local-digital-cards-verified-in-hospitality-and-online-wine-retail) ### Belize Local digital programme MayaBags offers a Belize-dollar eGift card through its own storefront. Displayed denominations BZD 100,150,200,250,300\. Expiry, fees and partial redemption are not stated in the accessed listing. Caribbean Shrimp's separate unavailable product is not used as evidence of current availability. **Read the sources** * [\[S15\] MayaBags eGift (opens in a new tab)](https://www.mayabags.org/gift-card?utm%5Fsource=giftcard.news) [Full Belize analysis ](#article-section-belize-local-egift-evidence-without-a-defensible-national-market-total) ### Bolivia Local digital programme Giftealo's Bolivia portal confirms emailed gift cards for local brands. A Giftealo choice voucher is exchanged for merchant cards. Check each merchant's conditions. Zedani's separate physical programme has a one-year, single-transaction term. **Read the sources** * [\[S16\] Giftealo Bolivia (opens in a new tab)](https://empresas.giftealo.com/bo/?utm%5Fsource=giftcard.news) [Full Bolivia analysis ](#article-section-bolivia-local-digital-distribution-exists-but-catalogue-breadth-is-not-market-size) ### Brazil Local digital programme Renner provides a domestic virtual gift card with electronic delivery and eligible store and web redemption. BRL 15-1,000; 12 months; nonreloadable. Password required for online spending. Conditions are issuer-specific. **Read the sources** * [\[S17\] Renner (opens in a new tab)](https://www.lojasrenner.com.br/cartao-presente/crie-o-seu?utm%5Fsource=giftcard.news) [Full Brazil analysis ](#article-section-brazil-the-largest-measured-south-american-market-in-this-source-set) ### Chile Local digital programme Cencosud confirms local digital barcode gift cards with specified participating retailers and online channels. Default one year may be shortened by corporate configuration. Partial spending and transfer eligibility depend on product conditions. **Read the sources** * [\[S18\] Cencosud terms (opens in a new tab)](https://www.giftcard.cl/terminos-y-condiciones?utm%5Fsource=giftcard.news) * [\[S79\] FAQ (opens in a new tab)](https://www.giftcard.cl/preguntas-frecuentes?utm%5Fsource=giftcard.news) [Full Chile analysis ](#article-section-chile-mature-programme-documentation-forecast-revisions-and-employee-taxation) ### Colombia Local digital programme BOSI confirms emailed local gift codes redeemable through its eligible Colombian stores and website. BOSI: one year, partial use, nonreloadable; partner exclusions apply. SIC section 2.18, read in the official MINTIC compilation, sets a one-year minimum for covered instruments; partial spending does not automatically renew validity. **Read the sources** * [\[S19\] BOSI (opens in a new tab)](https://www.bosi.com.co/bonos?utm%5Fsource=giftcard.news) * [\[S82\] SIC rules via MINTIC (opens in a new tab)](https://normograma.mintic.gov.co/mintic/compilacion/docs/circular%5Fsuperindustria%5Funica.htm?utm%5Fsource=giftcard.news) [Full Colombia analysis ](#article-section-colombia-competing-market-estimates-and-a-specific-voucher-rule-verification-boundary) ### Costa Rica Local digital programme Intelec and Nitecore Costa Rica document local digital gift cards; Walmart separately describes physical and institutional cards. Intelec uses emailed codes and account credit after sales verification. Nitecore lists USD 10–250 options, online-only redemption and one-year validity. Walmart's physical programme has different load and institutional-order limits. **Read the sources** * [\[S20\] Intelec (opens in a new tab)](https://www.intelec.co.cr/tarjeta/?utm%5Fsource=giftcard.news) * [\[S51\] Nitecore Costa Rica (opens in a new tab)](https://nitecore.cr/products/tarjeta-de-regalo?utm%5Fsource=giftcard.news) * [\[S52\] Walmart Costa Rica (opens in a new tab)](https://www.walmart.co.cr/tarjeta-de-regalo?utm%5Fsource=giftcard.news) [Full Costa Rica analysis ](#article-section-costa-rica-digital-delivery-alongside-a-documented-corporate-retail-card-channel) ### Cuba Local digital programme MixMarket documents digital gift cards redeemable within its Cuban retail network. US$25–400; purchaser receives email credentials for forwarding. Named beneficiary needs matching identification. Terms dated 11 August 2026\. Future openings not counted. No national sales estimate or independently verified gift-card-specific legal minimum. **Read the sources** * [\[S21\] Quiénes somos (opens in a new tab)](https://mixmarket.market/quienes-somos?utm%5Fsource=giftcard.news) * [\[S102\] Términos y condiciones, version 2 (opens in a new tab)](https://mixmarket.market/terminos-y-condiciones?utm%5Fsource=giftcard.news) [Full Cuba analysis ](#article-section-cuba-mixmarket-documents-digital-gift-cards-redeemable-within-its-cuban-retail-network) ### Dominica Physical-only evidence Local certificates and a physical travel gift-card program verified; digital delivery unconfirmed. Soft Life Spa lists XCD50,100,200 and higher certificates, including online purchase, but delivery format is unstated. Going Places Travel documents a physical program. Country classification describes verified evidence, not absence of digital products. **Read the sources** * [\[S22\] The Soft Life Spa booking and gift certificate information (opens in a new tab)](https://softlifespa767.setmore.com/?utm%5Fsource=giftcard.news) * [\[S38\] Gift Cards (opens in a new tab)](https://www.goingplacestravel.com/about-us/gift-cards.html?utm%5Fsource=giftcard.news) * [\[S103\] OECS and Fair Trading Organisation Examine Draft Consumer Protection Bill (opens in a new tab)](https://news.gov.dm/news/news-items/oecs-and-fair-trading-organisation-examine-draft-consumer-protection-bill?utm%5Fsource=giftcard.news) [Full Dominica analysis ](#article-section-dominica-local-certificates-and-a-physical-travel-gift-card-program-verified-digital-deliv) ### Dominican Republic Local digital programme LineUp documents local digital gift cards with website-specific redemption. 12-month validity; digitally purchased cards usable on the same website. No cash conversion and no replacement for lost/stolen/damaged cards stated. Gift-card purchase and redemption excluded from cashback. These are product terms, not national expiry requirements. **Read the sources** * [\[S23\] Términos y condiciones: Gift Cards and LineUp Rewards (opens in a new tab)](https://rd.lineuprewards.com/about/?utm%5Fsource=giftcard.news) * [\[S104\] Ley General de Protección de los Derechos del Consumidor o Usuario No. 358-05 (opens in a new tab)](https://www.proconsumidor.gob.do/files/Ley%5FGeneral%5Fde%5FProteccin%5Fde%5Flos%5FDerechos%5Fdel%5FConsumidor%5Fo%5FUsuario%5FNo%5F%5F358-05.pdf?utm%5Fsource=giftcard.news) [Full Dominican Republic analysis ](#article-section-dominican-republic-lineup-documents-local-digital-gift-cards-with-website-specific-redempt) ### Ecuador Local digital programme Pichincha Miles offers a digitally delivered Supermaxi gift card for local physical-store use. 12 months; named holder; narrow physical Supermaxi scope retained because listing contains conflicting broader acceptance wording. Processing-time language is inconsistent. **Read the sources** * [\[S24\] Pichincha Miles (opens in a new tab)](https://www.pichinchamiles.com/productos/gift-card-supermaxi-74783?utm%5Fsource=giftcard.news) [Full Ecuador analysis ](#article-section-ecuador-digital-supermarket-gifting-with-product-specific-restrictions) ### El Salvador Local digital programme n1co Cupones documents local merchant gift cards delivered digitally in El Salvador. Merchant-dependent denominations and expiry. n1co's FAQ says one-time redemption and no preservation of unused value. Siman's separate Grupo Piramide gift-card terms allow partial use; programme rules should not be combined. **Read the sources** * [\[S25\] n1co gift-card FAQ (opens in a new tab)](https://n1cocupones.com/preguntas-frecuentes/gift-cards?utm%5Fsource=giftcard.news) * [\[S55\] Siman supplier terms (opens in a new tab)](https://sv.siman.com/terminos-condiciones-marketplace?utm%5Fsource=giftcard.news) [Full El Salvador analysis ](#article-section-el-salvador-digital-vouchers-require-attention-to-single-use-redemption) ### Grenada Physical-only evidence RUBIS fuel gift cards verified; electronic issuance not documented. RUBIS lists 25,50,100,500 dollar values and purchase at its Grenada terminal, with fuel-only use. Source does not explicitly label currency ISO. Expiry, fees and digital delivery remain unverified. **Read the sources** * [\[S26\] RUBIS Gift Card (opens in a new tab)](https://www.rubis-caribbean.com/gift-card/?utm%5Fsource=giftcard.news) * [\[S105\] Consumer Protection Act, Act 2 of 2018 (opens in a new tab)](https://grenadaparliament.gd/wp-content/uploads/2021/08/Act-2-of-2018-Consumer-Protection-Act.pdf?utm%5Fsource=giftcard.news) [Full Grenada analysis ](#article-section-grenada-rubis-fuel-gift-cards-verified-electronic-issuance-not-documented) ### Guatemala Local digital programme G.Store offers emailed quetzal gift cards. uLink separately distributes digitally delivered cards for Guatemalan merchants. G.Store denominations GTQ 200/500/1000/1500, with recipient email and an optional sending date. Gift-specific expiry and partial use were not disclosed. uLink's dated fee promotion and currency-conversion caveat must remain separate from merchant redemption terms. **Read the sources** * [\[S27\] G.Store Guatemala (opens in a new tab)](https://gstoregt.com/products/tarjetas-de-regalo-1?utm%5Fsource=giftcard.news) * [\[S58\] uLink Guatemala (opens in a new tab)](https://ulink.com/es/guatemala-giftcards/?utm%5Fsource=giftcard.news) [Full Guatemala analysis ](#article-section-guatemala-local-egift-issuance-and-a-separate-international-distribution-channel) ### Guyana Local digital programme MMG confirms local e-gift cards delivered by email or SMS, including to recipients without an MMG account. Issuer says no expiry. Merchant choice depends on the selected programme. Massy's separate card page has contradictory expiry wording. **Read the sources** * [\[S28\] MMG (opens in a new tab)](https://mmg.gy/e-giftcards/?utm%5Fsource=giftcard.news) [Full Guyana analysis ](#article-section-guyana-e-gift-cards-with-recipients-outside-the-issuer-s-account-base) ### Haiti Foreign-code distribution Foreign-brand digital-code distribution verified; domestic merchant acceptance not established. IJustPayOne and TUPI document foreign digital products. Region/account compatibility and delivered-code restrictions apply. BRH Circular 121 is relevant payment-framework context but does not itself classify these sellers or establish a gift-card exemption. **Read the sources** * [\[S29\] Termes et conditions (opens in a new tab)](https://ijustpay.one/termes-conditions/?utm%5Fsource=giftcard.news) * [\[S106\] TUPI Haiti digital products marketplace (opens in a new tab)](https://www.tupi-ht.com/?utm%5Fsource=giftcard.news) * [\[S107\] Circulaire No. 121 aux fournisseurs de services de paiement électronique (opens in a new tab)](https://www.brh.ht/wp-content/uploads/Circulaire-121-FSP.pdf?utm%5Fsource=giftcard.news) * [\[S108\] Circular 121: extracted document text (opens in a new tab)](https://www.haitidocs.org/doc/brh-circulaires-121?utm%5Fsource=giftcard.news) [Full Haiti analysis ](#article-section-haiti-foreign-brand-digital-code-distribution-verified-domestic-merchant-acceptance-not-es) ### Honduras Local digital programme Cafetano documents email-delivered digital gifts redeemable at participating Honduran branches. Cafetano offers HNL 200–1000 denominations and states no expiry. Partial redemption was not specified. Lady Lee separately lists a digital, online-only Pink Card; its live stock status needs confirmation. **Read the sources** * [\[S30\] Cafetano digital gift card (opens in a new tab)](https://www.es.cafetano.com/products/cafetano-gift-card?utm%5Fsource=giftcard.news) * [\[S60\] Lady Lee Pink Card (opens in a new tab)](https://ladylee.net/products/pink-card-lady-lee?utm%5Fsource=giftcard.news) [Full Honduras analysis ](#article-section-honduras-a-local-digital-gift-can-be-redeemable-at-a-physical-counter) ### Jamaica Local digital programme Giftme documents a local eGift platform and material corporate and grocery use. Current terms: JMD 500–50,000/card; JMD 300,000/month retail cap. Dormancy: 25% after 12 months, then 5% monthly; below JMD 100 forfeited. Merchant expiry also applies. July 2026 company reporting puts Progressive cumulative Giftme GMV above JMD 500m; not a national market estimate. **Read the sources** * [\[S31\] Giftme Jamaica (opens in a new tab)](https://shopgiftme.com/?utm%5Fsource=giftcard.news) * [\[S110\] Terms of Sale, version 3 (opens in a new tab)](https://shopgiftme.com/sale?utm%5Fsource=giftcard.news) * [\[S109\] Half a billion in grocery gift cards (opens in a new tab)](https://www.jamaicaobserver.com/2026/07/01/half-billion-grocery-gift-cards/?utm%5Fsource=giftcard.news) * [\[S111\] Consumer Laws (opens in a new tab)](https://cac.gov.jm/portal/index.php/consumer-laws?utm%5Fsource=giftcard.news) [Full Jamaica analysis ](#article-section-jamaica-giftme-documents-a-local-egift-platform-and-material-corporate-and-grocery-use) ### Mexico Local digital programme OXXOGAS documents an app-based gift-card programme with local fuel redemption. Walmart and Sam's separately document physical retail cards. OXXOGAS: MXN 250/500/1000 presets or custom up toMXN 2000; six-month validity and partial use. Remaining value returns to the buyer's app balance after expiry. Terms belong to this issuer, not to all Mexican gift cards. **Read the sources** * [\[S32\] OXXOGAS digital terms (opens in a new tab)](https://oxxogas.com/privacidad/TC%20Tarjetas%20de%20Regalo%20vf.pdf?utm%5Fsource=giftcard.news) * [\[S64\] Walmart and Sam's terms (opens in a new tab)](https://i5.walmartimages.com/dfw/fc2bdac6-1e3f/k2-%5Fa6d74dd5-1abb-45fd-a39f-3a5da235770c.v1.pdf?utm%5Fsource=giftcard.news) [Full Mexico analysis ](#article-section-mexico-a-measurable-national-market-with-distinct-retail-and-digital-products) ### Nicaragua Local digital programme TuNicaragua lists a La Colonia eGift for local supermarket redemption, with beneficiary email information. NIO 500 face value; supermarket goods in Nicaragua, no cash. Expiry interval and partial use were not disclosed. **Read the sources** * [\[S33\] La Colonia eGift distributor terms (opens in a new tab)](https://tunicaragua.com/index.php/es/hogar?view=productdetails&virtuemart%5Fcategory%5Fid=778&virtuemart%5Fproduct%5Fid=2975&utm%5Fsource=giftcard.news) * [\[S67\] Siman online redemption (opens in a new tab)](https://ni.siman.com/terminos-legales?utm%5Fsource=giftcard.news) [Full Nicaragua analysis ](#article-section-nicaragua-distinguish-domestic-redemption-from-the-distributor-s-selling-currency) ### Panama Local digital programme U.S. Polo Assn. Panama explicitly sells online-only digital cards. Line Up terms also address website-restricted digital gifts. U.S. Polo Assn.: USD 25/50/75/100, online-only. Line Up gift cards:12-month validity. ArticoliPTY separately states no expiry and no reloading; it is not used to establish electronic delivery. **Read the sources** * [\[S34\] U.S. Polo Assn. Panama (opens in a new tab)](https://www.uspoloassn.pa/products/tarjetas-de-regalo?utm%5Fsource=giftcard.news) * [\[S69\] Line Up gift-card terms (opens in a new tab)](https://pa.lineuprewards.com/about/?utm%5Fsource=giftcard.news) * [\[S70\] ArticoliPTY (opens in a new tab)](https://articolipty.com/products/articolipty-gift-card?utm%5Fsource=giftcard.news) [Full Panama analysis ](#article-section-panama-issuer-expiry-policies-differ-within-the-same-market) ### Paraguay Local digital programme Divana offers emailed codes for domestic online purchases. Unicentro separately documents digital vouchers restricted to physical stores. Divana lists PYG 250,000-2,000,000; expiry and partial use were not verified. Unicentro's online exclusion is programme-specific. **Read the sources** * [\[S35\] Divana (opens in a new tab)](https://divanaparaguay.com/products/birthday-gift-card?utm%5Fsource=giftcard.news) * [\[S87\] Unicentro (opens in a new tab)](https://tienda.unicentro.com.py/bases-y-condiciones?utm%5Fsource=giftcard.news) [Full Paraguay analysis ](#article-section-paraguay-local-emailed-cards-and-the-limits-of-online-acceptance) ### Peru Local digital programme Local digital evidence includes Giftealo merchant-card distribution and Drop The Label's emailed card. Drop The Label: PEN 50-300, one year, online, partial use. Giftealo exchange-voucher conditions differ from merchant-card conditions. **Read the sources** * [\[S36\] Giftealo (opens in a new tab)](https://www.giftealo.com/GiftealoWeb/preguntas-frecuentes?utm%5Fsource=giftcard.news) * [\[S89\] Drop The Label (opens in a new tab)](https://dropthelabel.pe/products/gift-card?utm%5Fsource=giftcard.news) [Full Peru analysis ](#article-section-peru-distinguish-a-choice-voucher-from-the-merchant-card-it-buys) ### Saint Kitts and Nevis Physical-only evidence National Bank gift prepaid cards verified; electronic delivery unconfirmed. EC$ 50–1,000 load; branch purchase; no bank account needed. Mastercard acceptance and online balance enquiry described. Full fees, expiry and virtual issuance not established. Product limits are not national statutory limits. **Read the sources** * [\[S37\] Mastercard Gift Prepaid Card (opens in a new tab)](https://www.sknanb.com/debit-credit-cards/mastercard-gift-prepaid-card/?utm%5Fsource=giftcard.news) * [\[S112\] Consumer Protection Act2023, No.21 (opens in a new tab)](https://faolex.fao.org/docs/pdf/stk225843.pdf?utm%5Fsource=giftcard.news) [Full Saint Kitts and Nevis analysis ](#article-section-saint-kitts-and-nevis-national-bank-gift-prepaid-cards-verified-electronic-delivery-unconf) ### Saint Lucia Physical-only evidence RUBIS local fuel gift cards verified; digital fulfilment not documented. Four face values published with dollar notation; terminal and selected-station distribution. No verified email issuance. Consumer Protection Act commencement confirmed 1 January 2022; no universal gift-card expiry rule established in this review. **Read the sources** * [\[S26\] RUBIS Gift Card (opens in a new tab)](https://www.rubis-caribbean.com/gift-card/?utm%5Fsource=giftcard.news) * [\[S113\] Consumer Protection Act: Revised Laws of Saint Lucia2023 (opens in a new tab)](https://attorneygeneralchambers.com/laws-of-saint-lucia/consumer-protection-act/act?utm%5Fsource=giftcard.news) [Full Saint Lucia analysis ](#article-section-saint-lucia-rubis-local-fuel-gift-cards-verified-digital-fulfilment-not-documented) ### Saint Vincent and the Grenadines Physical-only evidence A physical travel gift-card program is verified; local digital delivery remains unconfirmed. Going Places Travel lists four dollar-denominated face values without explicit currency ISO and describes physical presentation. Government identifies Consumer Protection Act 2020; no gift-card-specific expiry or cash-out rule verified. National 2025 market total unavailable. **Read the sources** * [\[S38\] Gift Cards (opens in a new tab)](https://www.goingplacestravel.com/about-us/gift-cards.html?utm%5Fsource=giftcard.news) * [\[S114\] Consumer Protection Act of2020 Explained at Town Hall Meeting in Biabou (opens in a new tab)](https://www.gov.vc/index.php/media-center/3071-consumer-protection-act-of-2020-explained-at-town-hall-meeting-in-biabou?utm%5Fsource=giftcard.news) [Full Saint Vincent and the Grenadines analysis ](#article-section-saint-vincent-and-the-grenadines-a-physical-travel-gift-card-program-is-verified-local-dig) ### Suriname Local digital programme Dapper and Tulip document local digital cards. Tulip's digital acceptance is narrower than its overall programme network. Dapper: EUR 50, 30 days. Tulip digital terms restrict redemption to Tulip Supermarket; do not assign the 175+ overall network count to digital cards. **Read the sources** * [\[S39\] Dapper (opens in a new tab)](https://dappergiftcards.com/products/dappermarkt-giftcard-coupon?utm%5Fsource=giftcard.news) * [\[S91\] Tulip2025 (opens in a new tab)](https://www.tulipgiftcards.com/brochure/TGC%20-%20Company%20Profile%202025.pdf?utm%5Fsource=giftcard.news) [Full Suriname analysis ](#article-section-suriname-do-not-transfer-a-physical-network-s-reach-to-its-digital-card) ### Trinidad and Tobago Local digital programme Local email vouchers and physical supermarket gift cards documented. Trini Necessities: TTD 150–2,000, one-year validity, email after recipient confirmation; stock uncertain. Massy: TTD 50 minimum, multiple spends,15-month term with earlier balance-termination conditions. No national digital share or 2025 market total verified. **Read the sources** * [\[S41\] Trini Necessities Digital Gift Voucher (opens in a new tab)](https://trininecessities.com/products/gift-cards?utm%5Fsource=giftcard.news) * [\[S116\] Massy Gift Cards (opens in a new tab)](https://massystorestt.com/massy-gift-cards/?utm%5Fsource=giftcard.news) * [\[S117\] E-money Frequently Asked Questions (opens in a new tab)](https://fiu.gov.tt/wp-content/uploads/30%5FSept%5F2020%5FE-money-FAQ-33x7-1.pdf?utm%5Fsource=giftcard.news) [Full Trinidad and Tobago analysis ](#article-section-trinidad-and-tobago-local-email-vouchers-and-physical-supermarket-gift-cards-documented) ### Uruguay Local digital programme Delishop and Montevideo Portal offer local gift codes by email. Delishop states one year. MEF guidance says expiry does not allow merchant forfeiture: the original purchaser may renew the card or withdraw credited funds. This does not establish an unconditional cash-out right for every bearer. **Read the sources** * [\[S42\] Delishop (opens in a new tab)](https://www.delishop.com.uy/producto/gift-card/?utm%5Fsource=giftcard.news) * [\[S93\] MEF guidance (opens in a new tab)](https://www.gub.uy/ministerio-economia-finanzas/comunicacion/comunicados/caducidad-gift-card?utm%5Fsource=giftcard.news) [Full Uruguay analysis ](#article-section-uruguay-an-expiry-label-does-not-settle-the-fate-of-prepaid-value) ### Venezuela Local digital programme Eva Store verifies a locally redeemable emailed gift card. Venegift separately distributes foreign digital codes. Eva: USD 25, 50, 100; expiry and partial use not documented. Roselab's USD 1 fee belongs to its separate card programme, with no verified virtual delivery. **Read the sources** * [\[S43\] Eva Store (opens in a new tab)](https://myevastore.com/products/tarjeta-de-regalo?utm%5Fsource=giftcard.news) * [\[S96\] Venegift (opens in a new tab)](https://venegift.com/terminos-y-condiciones/?utm%5Fsource=giftcard.news) [Full Venezuela analysis ](#article-section-venezuela-domestic-merchant-cards-and-foreign-codes-are-different-markets) * **Local digital programme** Issuer or merchant material supports electronically delivered gift value with identified local acceptance. 27 * **Foreign-code distribution** Foreign codes are marketed to the country; domestic issuance and local merchant acceptance are not established. 1 * **Physical-only evidence** The reviewed evidence establishes physical cards or vouchers, without verified virtual issuance. 5 * **Insufficient evidence** Insufficient programme evidence in the reviewed sources. A research gap, not proof of absence. 0 Non-exhaustive programme register as of 19 September 2026\. Physical-only evidence does not mean no digital programme exists. Online ordering, app assistance and electronic delivery are distinct features. Product terms are not legal conclusions. Foreign codes remain subject to issuer and account-region restrictions. Geography: [Natural Earth, 1:50m](https://www.naturalearthdata.com/downloads/50m-cultural-vectors/50m-admin-0-countries-2/?utm%5Fsource=giftcard.news). [Public domain geometry](https://github.com/nvkelso/natural-earth-vector/blob/master/LICENSE.md?utm%5Fsource=giftcard.news). ### T05\. Programme evidence across all 33 countries Scroll left or right to see all columns __T05\. Programme evidence across all 33 countries__ | Country | Evidence category | Selected programme source | | -------------------------------- | ------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- | | Antigua and Barbuda | Local digital programme | Buy a Gift Card [\[S12\]](#article-source-12) | | Argentina | Local digital programme | [Justa Osadia](https://giftcard.news/company/justa-osadia/) [\[S13\]](#article-source-13) | | Barbados | Local digital programme | Purchase a Digital Gift Card [\[S14\]](#article-source-14) | | Belize | Local digital programme | [MayaBags](https://giftcard.news/company/mayabags/) eGift [\[S15\]](#article-source-15) | | Bolivia | Local digital programme | [Giftealo](https://giftcard.news/company/giftealo/) Bolivia [\[S16\]](#article-source-16) | | Brazil | Local digital programme | Renner [\[S17\]](#article-source-17) | | Chile | Local digital programme | [Cencosud](https://giftcard.news/company/cencosud/) terms [\[S18\]](#article-source-18) | | Colombia | Local digital programme | [BOSI](https://giftcard.news/company/bosi/) [\[S19\]](#article-source-19) | | Costa Rica | Local digital programme | [Intelec](https://giftcard.news/company/intelec/) [\[S20\]](#article-source-20) | | Cuba | Local digital programme | Quiénes somos [\[S21\]](#article-source-21) | | Dominica | Physical-only evidence | [The Soft Life Spa](https://giftcard.news/company/the-soft-life-spa/) booking and gift certificate information [\[S22\]](#article-source-22) | | Dominican Republic | Local digital programme | Términos y condiciones: Gift Cards and [LineUp Rewards](https://giftcard.news/company/line-up-rewards/) [\[S23\]](#article-source-23) | | Ecuador | Local digital programme | [Pichincha Miles](https://giftcard.news/company/pichincha-miles/) [\[S24\]](#article-source-24) | | El Salvador | Local digital programme | [n1co](https://giftcard.news/company/n1co/) gift-card FAQ [\[S25\]](#article-source-25) | | Grenada | Physical-only evidence | RUBIS Gift Card [\[S26\]](#article-source-26) | | Guatemala | Local digital programme | [G.Store Guatemala](https://giftcard.news/company/g-store-guatemala/) [\[S27\]](#article-source-27) | | Guyana | Local digital programme | [MMG](https://giftcard.news/company/mmg/) [\[S28\]](#article-source-28) | | Haiti | Foreign-code distribution | Termes et conditions [\[S29\]](#article-source-29) | | Honduras | Local digital programme | [Cafetano](https://giftcard.news/company/cafetano/) digital gift card [\[S30\]](#article-source-30) | | Jamaica | Local digital programme | [Giftme](https://giftcard.news/company/giftme/) Jamaica [\[S31\]](#article-source-31) | | Mexico | Local digital programme | [OXXOGAS](https://giftcard.news/company/oxxogas/) digital terms [\[S32\]](#article-source-32) | | Nicaragua | Local digital programme | [La Colonia](https://giftcard.news/company/la-colonia-nicaragua/) eGift distributor terms [\[S33\]](#article-source-33) | | Panama | Local digital programme | [U.S. Polo Assn.](https://giftcard.news/company/u-s-polo-assn/) Panama [\[S34\]](#article-source-34) | | Paraguay | Local digital programme | [Divana](https://giftcard.news/company/divana/) [\[S35\]](#article-source-35) | | Peru | Local digital programme | Giftealo [\[S36\]](#article-source-36) | | Saint Kitts and Nevis | Physical-only evidence | [Mastercard](https://giftcard.news/company/mastercard/) Gift Prepaid Card [\[S37\]](#article-source-37) | | Saint Lucia | Physical-only evidence | RUBIS Gift Card [\[S26\]](#article-source-26) | | Saint Vincent and the Grenadines | Physical-only evidence | Gift Cards [\[S38\]](#article-source-38) | | Suriname | Local digital programme | [Dapper](https://giftcard.news/company/dapper/) [\[S39\]](#article-source-39) | | The Bahamas | Local digital programme | Atlantis Gift Cards [\[S40\]](#article-source-40) | | Trinidad and Tobago | Local digital programme | [Trini Necessities](https://giftcard.news/company/trini-necessities/) Digital Gift Voucher [\[S41\]](#article-source-41) | | Uruguay | Local digital programme | [Delishop](https://giftcard.news/company/delishop/) [\[S42\]](#article-source-42) | | Venezuela | Local digital programme | [Eva Store](https://giftcard.news/company/eva-store/) [\[S43\]](#article-source-43) | The national profiles below bring together market figures, practical product conditions and legal context. They are grouped into Mexico and Central America, South America, and the Caribbean. Within each group, countries are presented alphabetically. Numeric product limits are issuer conditions unless explicitly identified as a legal requirement. Availability means a documented offering, not a completed purchase or an endorsement of the provider. ## Why the published regional totals do not reconcile Regional market estimates are useful only when the covered countries, products and valuation basis are sufficiently clear. The public sources reviewed here do not support one reconciled total for this atlas's exact 33-country footprint. Two publishers offer materially different 2025 estimates, and one publisher's own regional landing page contains figures inconsistent with its country reports. Publishing the differences is more informative than concealing them behind a single headline. ### T06\. Regional estimates: definitions and publication conflicts Scroll left or right to see all columns __T06\. Regional estimates: definitions and publication conflicts__ | Publisher and publication | 2025 estimate | Forecast | Editorial treatment | | ----------------------------------------------------------------------------------------------------------- | ------------------------------ | --------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | PayNXT360, distributor release dated 20 February 2026 | USD 15.8 billion | USD 17.5 billion in 2026; USD 25.7 billion in 2030; reported 2026–2030 CAGR 10.0% | Attributed regional estimate for physical and digital gift cards; exact alignment with all 33 countries is not established. [\[S44\]](#article-source-44) | | [Informes de Expertos](https://giftcard.news/company/informes-de-expertos/), page updated 15 September 2026 | USD 12.41 billion | USD 28.58 billion in 2035; reported 2026–2035 CAGR 8.70% | Separate model; do not average with PayNXT360 or use either forecast to fill missing country values. [\[S45\]](#article-source-45) | | PayNXT360, direct regional landing page accessed 19 September 2026 | USD 222.3 million as displayed | USD 242.4 million in 2026; USD 354.7 million in 2030 | Excluded from quantitative synthesis: the displayed regional scale is inconsistent with this publisher's larger national estimates. No correction has been assumed. [\[S46\]](#article-source-46) | These are comparisons of published claims, not independently audited market accounts. The first two rows describe broad gift-card markets rather than virtual-only revenue. Their forecast horizons also differ. A ten-year endpoint cannot be substituted for a four-year endpoint, and a growth rate should retain the interval for which the publisher reports it. The third row illustrates why an apparently authoritative source still requires internal consistency review. The atlas preserves the conflicting observation in its research record while excluding it from the maps. ## Cross-border distribution and the local redemption question Regional distribution can expand much faster than a comparable public evidence base. In a historical expansion announcement, [Virtual Incentives](https://giftcard.news/company/virtual-incentives/) described adding more than 100 branded e-gift cards, following its Brazil launch, and listed Argentina, Chile, Colombia, Peru and Uruguay. The announcement supports a documented distribution footprint at that time. It does not establish the company's current catalogue size, transaction volumes or coverage of every country in this atlas. [\[S47\]](#article-source-47) For a corporate buyer, the relevant unit is the offer available to a particular recipient under a particular contract. A card sold in US dollars may redeem only at a local retailer, only online, only in a named country or only against an eligible account. A digital delivery channel makes fulfilment easier to document, but it does not remove those boundaries. The country profiles identify the issuing or selling programme and the redemption conditions rather than treating the appearance of a country flag on a reseller website as proof of local acceptance. ## Mexico and Central America: country profiles ## Belize: local eGift evidence without a defensible national market total Belize should appear as an evidenced local digital market on the programme map, even though no comparable national gift-card sales estimate was verified. MayaBags' issuer-owned storefront explicitly offers an eGift card in Belize dollars. Its denomination menu provides a direct, checkable example of local branded gifting, rather than a reseller listing for a foreign gaming or entertainment code. The five displayed choices span BZD 100 to BZD 300\. This establishes product availability in the documented catalogue, not the number of customers or cards sold. [\[S15\]](#article-source-15). The distinction matters in a smaller market because a few visible products can otherwise create a misleading impression of national scale. A merchant eGift programme can be useful for a targeted audience while remaining unsuitable for an incentive requiring broad retail choice. The public MayaBags listing does not establish an expiry interval, fees, cash redemption or partial-use policy. Those fields remain unresolved instead of inheriting generic conditions from the storefront software or from unrelated cards sold elsewhere. A separate [Caribbean Shrimp](https://giftcard.news/company/caribbean-shrimp/) product page illustrates another local model but was marked unavailable when reviewed. Its historical gift-card terms specify separate card-processing and administration charges and say that no change is provided after use. The seller's dollar amounts did not identify currency clearly enough for this atlas to standardise them. The programme is retained as a dated terms comparison, not counted as confirmation of current stock. No transaction or checkout was attempted. [\[S48\]](#article-source-48). For buyers, the contrast is about usable value. An eGift face value and the purchaser's all-in expense are different measurements; a one-use certificate also behaves differently from a balance that survives several purchases. Neither can be compared responsibly by denomination alone. A corporate buyer considering Belize would need confirmation of the intended recipient's redemption channel, any residual-balance treatment, and who resolves a failed code. These are analytical implications of the documented product structures, not measured consumer preferences. The [Central Bank of Belize](https://giftcard.news/organization/central-bank-of-belize/) identifies the National Payment System Act, enacted on 3 February 2017, as the basis for oversight of payment instruments, systems and providers. Its 2024 regulations distinguish regulated service classes, including e-money. A future multimerchant or cash-redeemable product therefore requires its actual functions to be assessed against that framework. A single-merchant gift listing is insufficient evidence either of a licensing obligation or an exemption. No gift-card-specific statutory minimum validity or universal cash-out threshold was verified. [\[S49\]](#article-source-49); [\[S50\]](#article-source-50). ### T07\. Belize: product and regulatory evidence Scroll left or right to see all columns __T07\. Belize: product and regulatory evidence__ | Item | Verified detail | Meaning for the atlas | Source | | ----------------------------------- | -------------------------------------------------------- | ------------------------------------------------------------------------------- | -------------------------------------------------- | | MayaBags eGift | BZD 100,150,200,250,300 | Local digital product; expiry/partial use undisclosed | Issuer [\[S15\]](#article-source-15) | | Caribbean Shrimp charges | 4.5% processing plus separately stated 5% administration | Unavailable product; bases not reconciled, so not presented as one combined fee | Seller [\[S48\]](#article-source-48) | | Caribbean Shrimp use | One use, no change; seven-day error-reporting condition | Historical product terms, not Belize law | Seller [\[S48\]](#article-source-48) | | National Payment System Regulations | 2024; SI 29 | Payment-service framework, instrument-specific applicability | Official regulations [\[S50\]](#article-source-50) | ## Costa Rica: digital delivery alongside a documented corporate retail-card channel Costa Rica offers unusually useful product-level comparisons, even though a comparable national market value was not verified. Intelec describes an email gift-card workflow tied to its local online shop. A unique identifier is redeemed into the customer's account balance and applied at checkout after the sales team verifies the purchase. This is meaningful evidence of local digital delivery, but it is not an unconditional promise that every order arrives instantly. [\[S20\]](#article-source-20). [Nitecore Costa Rica](https://giftcard.news/company/nitecore-costa-rica/) supplies more explicit denomination and validity data. Its digital card is restricted to the website, has a one-year purchase-based validity period and lists no issuance or maintenance charge. The merchant also prohibits buying another gift card with it. These details define a fairly narrow retail entitlement: online delivery does not create acceptance at unrelated merchants or make the card equivalent to cash. The published dollar-denominated menu is recorded as USD, as the product page specifies. [\[S51\]](#article-source-51). [Walmart](https://giftcard.news/company/walmart/)'s Costa Rican programme gives a useful physical-card benchmark and an explicit corporate-order route. It supports reloading, partial spending and paying an excess with another method. The issuer distinguishes ordinary store purchases from larger institutional orders using both a card-count threshold and an aggregate purchase threshold. The one-year validity period restarts with the latest reload. These are product rules for the local programme, not thresholds imposed on every Costa Rican issuer. [\[S52\]](#article-source-52). The commercial implication is that corporate demand should not be measured solely through consumer eGift pages. A programme can support institutional distribution while using a physical card, and an online retailer can offer digital gifting without publishing a bulk-purchase service. For an employer, the operational questions differ: the former requires physical allocation and activation control; the latter requires recipient email accuracy and a workable support process. This distinction helps explain why a total-market forecast cannot be relabelled as digital revenue. The legal review identifies Law 7472, dated 20 December 1994, as the general consumer-protection framework. An archived statutory text available through the [Organization of American States](https://giftcard.news/organization/organization-of-american-states/) covers truthful promotions and unfair standard terms. The official legal registry was also consulted, but its complete current consolidation was not retrievable in this session. Accordingly, historical article numbering and warranty periods are not reproduced as current rules. No gift-card-specific legal minimum expiry, cash-out right or prepaid licensing exemption was verified. The issuer's one-year term remains a contractual observation, not a legal conclusion. [\[S53\]](#article-source-53); [\[S54\]](#article-source-54). ### T08\. Costa Rica: verified programme conditions Scroll left or right to see all columns __T08\. Costa Rica: verified programme conditions__ | Programme | Amounts and format | Validity, use or distribution | Source | | ------------------------ | ----------------------------------------------------------- | ------------------------------------------------------------------- | ----------------------------------------------- | | Intelec | Email code; account-balance redemption | Website only; sales verification precedes delivery | Issuer [\[S20\]](#article-source-20) | | Nitecore Costa Rica | Digital; USD 10,25,50,100,250 | One year; online only; no issuance/maintenance fee | Issuer [\[S51\]](#article-source-51) | | Walmart retail card | CRC 3000–990000 load/reload | One year after activation/latest reload; partial spending; no cash | Issuer [\[S52\]](#article-source-52) | | Walmart purchase channel | Up to 50 cards andUSD 3000 equivalent per store transaction | Larger orders use institutional sales | Issuer [\[S52\]](#article-source-52) | | Law 7472 | 20 December 1994 | General consumer framework; current gift-specific rule not verified | Official registry [\[S53\]](#article-source-53) | ## El Salvador: digital vouchers require attention to single-use redemption El Salvador has direct evidence of digital gifting through n1co Cupones. Its gift-card FAQ describes electronic delivery, scheduled greetings and purchasing for several recipients. Values depend on the selected merchant. These features establish an operational local distribution model; they do not reveal gift-card turnover, the digital share of national gifting or the proportion bought by employers. The atlas consequently marks local digital availability while leaving national market value undisclosed. [\[S25\]](#article-source-25). The most consequential condition is residual value. n1co says its gift cards are used in one redemption and that unused value is not retained. This changes the recipient's purchasing problem: the intended basket and the award denomination need to match reasonably well. It also changes how a buyer should interpret a low-priced voucher. A card with a smaller face value but unsuitable redemption restrictions can be less useful than a balance-based alternative. This is an assessment of programme design rather than a measured customer-satisfaction finding. [Siman](https://giftcard.news/company/siman/)'s Salvadoran marketplace terms document a different arrangement for [Grupo Piramide](https://giftcard.news/company/grupo-piramide/) restaurant gift cards. The programme allows partial use and states a 12-month term from activation, with activation within 24 hours. It is restricted to El Salvador, excludes tips and cash conversion, and permits another payment method for an excess. Those conditions belong to that marketplace supplier. The page does not establish email delivery, so this example is not used to classify the country's digital status. [\[S55\]](#article-source-55). For an incentive catalogue, the practical difference is whether an award is a stored balance or a one-use entitlement. A catalogue should expose that distinction alongside merchant, location and expiry. Activation timing also matters: procurement on a particular date does not necessarily mean the recipient can redeem at the same moment. The programme comparisons support an operational checklist, but they provide no basis for adding a national corporate-spend figure or assigning a share of the market to either operator. The consumer-law evidence is more specific than a generic assertion that online shopping is regulated. Article 15 of the Consumer Protection Law, in the authority's 2024 compilation, addresses suppliers using gifts, vouchers and similar devices in promotions: promised conditions must be honoured and restrictions made clear. It is not a universal minimum-validity rule for every purchased gift card. The Defensoria del Consumidor also publishes electronic-commerce disclosure obligations covering supplier identity, transaction conditions, prices, payment and refund information. These legal duties should be distinguished from the validity period selected by an issuer. [\[S56\]](#article-source-56); [\[S57\]](#article-source-57). ### T09\. El Salvador: digital and balance-based offers Scroll left or right to see all columns __T09\. El Salvador: digital and balance-based offers__ | Programme or rule | Verified numbers or conditions | Classification | Source | | ------------------------ | ------------------------------------------------------ | ---------------------------------------------------------------------------- | ----------------------------------------------- | | n1co Cupones | UsuallyUSD 5–250 depending on merchant; email delivery | Digital; one redemption, unused value not retained; merchant-specific expiry | FAQ [\[S25\]](#article-source-25) | | Grupo Piramide via Siman | 12 months from activation; activation within 24 hours | Partial use; country-only; no cash/tips; digital delivery unverified | Marketplace terms [\[S55\]](#article-source-55) | | Consumer Protection Law | Article 15; 2024 compilation | Promotional vouchers: honour promised terms and disclose restrictions | Defensoria [\[S56\]](#article-source-56) | | Electronic commerce | Supplier identity, costs and terms must be disclosed | Legal baseline; no universal expiry established here | Defensoria [\[S57\]](#article-source-57) | ## Guatemala: local eGift issuance and a separate international distribution channel Guatemala has a clear local eGift example in G.Store's gift-card product. The store presents quetzal-denominated options and accepts the recipient's email, with an optional sending date. Its instructions specify automatic email delivery. These details are stronger evidence of a digital programme than a gift-card image, an online balance-check page or a foreign reseller's country filter. They establish delivery and denomination, but do not publish aggregate issuance or prove that every merchant in the country supports the same functionality. [\[S27\]](#article-source-27). A second route is documented by [uLink](https://giftcard.news/company/ulink/)'s Guatemala gift-card service. It describes digital delivery to local merchants and both single-store and multibrand choices. The distinction matters commercially: a sender can fund an entitlement for a recipient in Guatemala without buying a code restricted to a foreign storefront. It also creates two contracts to understand, the distributor's purchase conditions and the merchant's redemption rules. Distribution across borders does not make the underlying gift a foreign-use code. [\[S58\]](#article-source-58). The uLink page advertises a zero-fee offer through 31 December 2026 for specified payment methods, while noting that UniTeller may receive foreign-exchange revenue. The advertised transaction fee should therefore not be confused with an assurance that currency conversion is free. Nor is the offer a permanent market-wide price. A country comparison should preserve its expiry date and qualifying funding methods rather than carry a promotional zero into a timeless fees table. These two routes serve different implementation needs. A merchant selling directly controls the gift experience and the recipient relationship, but its catalogue choice is narrow. A distributor can aggregate options, although the sender must understand which party handles delivery failures and which party handles redemption. Neither source supplies a representative survey, an issued-card count or a country-wide digital share. The atlas uses them to classify availability and describe commercial structures, not to estimate spending. Guatemala's consumer-protection baseline is Decree 06-2003, published by [DIACO](https://giftcard.news/organization/diaco/). Article 15 requires suppliers to provide basic information and relevant Spanish-language disclosures, issue the required invoice, honour contractual and advertised terms, and address complaints. Article 16 prohibits charging above the displayed price. Applied to gifting, these provisions make clear descriptions of value and use conditions significant, although this review did not establish a separate statutory gift-card expiry floor or automatic cash-out right. A merchant's undisclosed expiry must remain an unanswered contract question rather than being labelled unlimited. [\[S59\]](#article-source-59). ### T10\. Guatemala: product, distributor and legal evidence Scroll left or right to see all columns __T10\. Guatemala: product, distributor and legal evidence__ | Item | Verified detail | Boundary | Source | | ------------------- | -------------------------------------------------------------------------- | ------------------------------------------------------------------------ | ----------------------------------------- | | G.Store eGift | GTQ 200,500,1000,1500; automatic email; optional sending date | Expiry, cash-out and partial use not established | Issuer [\[S27\]](#article-source-27) | | uLink Guatemala | Digital single-store and multibrand options | Distribution of locally redeemable gifts; not measured national adoption | Distributor [\[S58\]](#article-source-58) | | uLink fee promotion | USD 0 advertised fee through 31 December 2026 for selected payment methods | Foreign-exchange revenue may apply; dated promotion | Distributor [\[S58\]](#article-source-58) | | Decree 06-2003 | Articles 15 and 16 | Information, contractual promises and displayed-price protections | DIACO [\[S59\]](#article-source-59) | ## Honduras: a local digital gift can be redeemable at a physical counter Honduras provides a useful counterexample to the idea that virtual gifting must end in an online purchase. Cafetano describes automatic email delivery for its digital gift card and redemption at participating branches. Its published scope includes drinks, food, merchandise and coffee beans. This is a local digital programme with an offline redemption experience, not merely a foreign entertainment code sold to a Honduran customer. The distinction is captured in the availability map. [\[S30\]](#article-source-30). The Cafetano menu runs fromHNL 200 toHNL 1000 and expressly says the card has no expiry. That is a merchant promise, not evidence of a statutory rule across Honduras. The accessed gift description did not resolve partial redemption. A no-expiry card can still have acceptance or balance-use restrictions, so the two fields should not be merged. Generic return wording about coffee on the same page is also not treated as a refund promise for the gift card itself. [Lady Lee](https://giftcard.news/company/lady-lee/)'s Pink Card is a contrasting digital offer. The product description says it can be emailed or printed, and expressly limits use to the online store. Published denominations extend toHNL 10000\. The page's template also displayed sold-out wording, so catalogue evidence is distinguished from confirmed transaction availability. No checkout was performed. A financing banner advertising 12 monthly payments is not a gift-card validity period and has been excluded from the expiry comparison. [\[S60\]](#article-source-60). These products suggest different corporate award designs. A coffee gift may suit a small recognition budget when recipients can reach a participating branch; an online retail gift depends on the recipient's ability to complete an online order and receive the goods. Printing an electronic card does not broaden its acceptance network, while an email-delivered code can still require a physical visit. This analysis follows from the published redemption channels; it makes no claim about either company's gift-card sales or national consumer preference. The Secretaria de Desarrollo Economico publishes the consumer-protection legal framework and explains complaint handling for contractual failures, misleading advertising, abusive conditions, improper charges and inadequate information. That gives the profile an official consumer-enforcement reference. The complete statute was not successfully retrieved, so no gift-card-specific legal expiry, cash-out provision or prepaid licensing exemption is asserted. The legal conclusion is deliberately narrower than the product conclusion: local digital programmes are verified, while their general regulatory classification needs instrument-specific documentation. [\[S61\]](#article-source-61); [\[S62\]](#article-source-62). ### T11\. Honduras: delivery format is not the redemption channel Scroll left or right to see all columns __T11\. Honduras: delivery format is not the redemption channel__ | Programme | Published denomination menu | Redemption and validity | Source | | ----------------------------- | ---------------------------------- | ----------------------------------------------------------------------------- | ------------------------------------ | | Cafetano | HNL 200,300,400,500,1000 | Automatic email; participating branches; no expiry; partial use not specified | Issuer [\[S30\]](#article-source-30) | | Lady Lee Pink Card | HNL 1000,2500,5000,10000 | Digital/email or print; online-only; stock status needs confirmation | Issuer [\[S60\]](#article-source-60) | | Consumer-protection framework | Official law and regulations index | No gift-specific statutory period verified | SDE [\[S62\]](#article-source-62) | ## Mexico: a measurable national market with distinct retail and digital products Mexico has the clearest national sizing evidence in this group. PayNXT360's January 2026 edition estimates the total gift-card market at USD 4.18 billion in 2025 and projects USD 4.57 billion for 2026\. Its headline measures the gift-card category across formats and customer segments; it does not identify USD 4.18 billion as virtual gift-card revenue. This atlas uses it as a commercial total-market estimate, with the publication vintage attached. The public listing describes separate digital and corporate tables but does not expose their values. [\[S02\]](#article-source-2). The same publisher's February 2025 listing forecast USD 4.29 billion for 2025\. The later estimate differs, illustrating why forecasts from different editions should not be combined into an apparently continuous historical series. The older listing also contains qualitative passages about social commerce, which this research excludes. The map uses the later, retrospective estimate and preserves the earlier number only as an explicitly dated forecast comparison. Neither value is an audited national total. [\[S63\]](#article-source-63). Two issuer documents show why format, value limits and use cases need separate columns. OXXOGAS offers app-based gift cards for fuel and related purchases, with presets and a custom-value option. Multiple purchases are permitted. Expired remaining value returns to the purchaser's app balance rather than preserving the recipient's spending entitlement indefinitely. Operationally, reminders before expiry are useful to both parties because sender and recipient have different positions afterward. This is an interpretation of that product design. [\[S32\]](#article-source-32). Walmart and [Sam's](https://giftcard.news/company/sam-s-club/) publish a broader physical prepaid-card framework. The terms describe nonbank products, state balance and purchase limits, prohibit cash conversion and restrict certain uses. Default validity applies when a separate date is not printed on the card. Online visibility of these conditions does not establish electronic delivery. Treating every electronic balance record as an eGift would overstate the digital segment when the customer still receives a physical credential. [\[S64\]](#article-source-64). For corporate procurement, these differences change implementation. A narrowly redeemable fuel gift can suit an award linked to transport expenditure, while a retail card gives access to a wider basket. Neither becomes a payroll or tax-compliant employee benefit automatically. Face value should be recorded separately from distributor charges, and buyers should request the contract governing activation failures, unused balances and programme closure. This is procurement analysis of contrasting issuer terms, not a claim about their market shares. The Federal Consumer Protection Law provides a separate legal layer for online selling. Article 76 Bis covers electronic transactions, including supplier identification and contacts, security and confidentiality, and intelligible disclosure of conditions, costs, additional charges and payment arrangements. A digital gift-card page should make the actual seller and applicable conditions visible before purchase. The reviewed consolidation was last amended on 12 December 2025\. No universal gift-card minimum validity or general entitlement to withdraw retail gift balances in cash was verified in this review. [\[S65\]](#article-source-65). [Banco de Mexico](https://giftcard.news/organization/banco-de-mexico/) also describes a specific bank-issued peso prepaid product for foreign nationals, with a maximum balance of 1500 UDIs per person and qualifying funding and identification conditions. That framework cannot be applied mechanically to OXXOGAS or store-issued cards simply because all are prepaid. Issuer status, acceptance network, funding and cash redemption determine which rules require examination. The central-bank example prevents a product-specific regulatory threshold from becoming an invented nationwide gift-card ceiling. [\[S66\]](#article-source-66). Mexico's opportunity is a large measured category containing several delivery and redemption models. The evidence supports national total-market sizing and identifiable digital programmes; it does not support a national digital-share percentage. A launch assessment should join the commercial estimate to programme-level delivery, redemption and remaining-balance data supplied by operators. That would measure actual eGift performance without substituting general card payments, internet usage or merchant counts for gift-card demand. ### T12\. Mexico: market estimates and forecasts by publication vintage Scroll left or right to see all columns __T12\. Mexico: market estimates and forecasts by publication vintage__ | Metric | Value | Period | Definition and source | | ----------------------------- | ------------- | ------ | ----------------------------------------------------------------------------------------------- | | Total gift-card market | USD 4.18 bn | 2025 | Retrospective commercial estimate, January 2026 edition; PayNXT360 [\[S02\]](#article-source-2) | | Total gift-card market | USD 4.57 bn | 2026 | Forecast, +9.2% annually; PayNXT360 [\[S02\]](#article-source-2) | | Total gift-card market | USD 6.37 bn | 2030 | Forecast; published 2026–2030 CAGR 8.7%; PayNXT360 [\[S02\]](#article-source-2) | | Earlier total-market forecast | USD 4.29 bn | 2025 | February 2025 vintage, excluded from map; PayNXT360 [\[S63\]](#article-source-63) | | Digital share or value | Not disclosed | 2025 | Separate series listed, numeric values not public; report contents [\[S02\]](#article-source-2) | ### T13\. Mexico: verified issuer terms, accessed 19 September 2026 Scroll left or right to see all columns __T13\. Mexico: verified issuer terms, accessed 19 September 2026__ | Programme | Value and delivery | Validity and redemption | Source | | ------------------------------------- | -------------------------------------------------------------------------- | ------------------------------------------------------------------------ | --------------------------------------------- | | OXXOGAS | Digital; MXN 250/500/1000 presets, custom up toMXN 2000; five active cards | Six months; partial use; expired balance returns to buyer's app account | Issuer PDF [\[S32\]](#article-source-32) | | Walmart and Sam's | Physical nonbank cards; MXN 50 minimum load, MXN 5000 balance ceiling | Printed expiry or otherwise two years from last purchase/reload; no cash | Issuer PDF [\[S64\]](#article-source-64) | | Walmart and Sam's purchase controls | Up to 100 cards and/orMXN 70000 per transaction/day | Purchase control, distinct from individual card balance | Issuer PDF [\[S64\]](#article-source-64) | | Foreign-national bank prepaid product | 1500 UDIs maximum balance per person | Specific regulated bank product, not a general retail-card limit | Banco de Mexico [\[S66\]](#article-source-66) | ## Nicaragua: distinguish domestic redemption from the distributor's selling currency [TuNicaragua](https://giftcard.news/company/tunicaragua/) documents a La Colonia eGift with NIO 500 face value and beneficiary email details. Its displayed seller price is a separate field. The atlas records the domestic spending entitlement without deriving an exchange rate or fee from the dollar-denominated selling price. [\[S33\]](#article-source-33). The seller limits redemption to supermarket products in Nicaragua, prohibits cash exchange and disallows cancellation, resending or modification after generation. It mentions expiry without specifying an interval. Recipient details and the actual redemption deadline therefore require confirmation before purchase. Siman Nicaragua separately lists gift-certificate electronic wallets among payment methods accepted by its online store. That supports online redemption, but does not by itself prove that every certificate is created and delivered electronically. The atlas uses the La Colonia eGift listing as the direct digital-programme evidence and the Siman terms as supporting evidence of another redemption model. It does not count the same gift twice merely because both issuer and distributor describe it. [\[S67\]](#article-source-67). For cross-border gifting, separating seller, recipient and redemption geography avoids a common classification error. A gift can be purchased through an international-facing distributor and still fund a domestic retail purchase. It should not automatically be grouped with foreign-country codes. Conversely, a country name on a distributor's catalogue does not prove local acceptance unless the specific merchant terms establish it. Here, the local-redemption restriction is explicit, which makes the evidence suitable for the programme map despite the absence of a national market total. The [Banco Central de Nicaragua](https://giftcard.news/organization/banco-central-de-nicaragua/)'s 2025 framework for financial-technology payment providers defines e-money through its functions, including a claim on the issuer, prior funding, electronic storage, third-party acceptance and conversion into cash at par. The reviewed resolution dates from 23 April 2025 and includes an amendment of 20 August 2025\. Its definition must not be transformed into a cash-out promise for all retailer certificates: the La Colonia seller expressly describes a goods-only instrument. Regulatory classification depends on whether the programme actually meets the defined conditions. No separate gift-card expiry statute was verified for this profile. [\[S68\]](#article-source-68). ### T14\. Nicaragua: value, redemption and regulatory scope Scroll left or right to see all columns __T14\. Nicaragua: value, redemption and regulatory scope__ | Item | Verified evidence | Interpretation | Source | | -------------------------------- | -------------------------------------------- | --------------------------------------------------------------------- | ------------------------------------------ | | La Colonia eGift via TuNicaragua | NIO 500 face value; seller price $17.75 | Distinct amounts, no derived fee or FX rate | Distributor [\[S33\]](#article-source-33) | | La Colonia restrictions | Local goods only; issuance cannot be changed | Expiry interval undisclosed | Distributor [\[S33\]](#article-source-33) | | Siman gift-certificate wallet | Listed among online payment methods | Online acceptance does not establish digital issuance | Issuer terms [\[S67\]](#article-source-67) | | BCN resolutionCDMF-XIII-2-25 | 23 April 2025, amended 20 August 2025 | E-money definition is function-based, not a universal gift-card label | BCN [\[S68\]](#article-source-68) | ## Panama: issuer expiry policies differ within the same market Panama's strongest product evidence shows why a country-wide default expiry should not be inferred from one merchant. [AR Retail](https://giftcard.news/company/ar-retail/)'s Line Up Rewards terms contain a dedicated gift-card section with 12-month validity from purchase. [ArticoliPTY](https://giftcard.news/company/articolipty/)'s gift-card page states no expiry. The difference is commercially meaningful and documented within the same jurisdiction. It is presented as a comparison of issuer contracts, not a determination that either wording establishes the minimum protection required by Panamanian law. [\[S69\]](#article-source-69); [\[S70\]](#article-source-70). Line Up's digital conditions restrict a gift bought on a website to that same website. The surrounding loyalty rules describe a separate rewards product, so loyalty balance-transfer or cashback provisions should not be imported into the gift-card terms. A customer may see both products within one brand experience while receiving different rights. This is especially relevant to a distributor building a multibrand catalogue: a shared loyalty programme does not automatically establish gift-card interchangeability. U.S. Polo Assn. Panama provides direct evidence of a locally redeemable digital gift card, with four explicit USD denominations. It says the card is for online use and cannot be used in physical stores. That clear restriction is more useful than generic ecommerce shipping paragraphs elsewhere in the product template. The atlas records the gift-specific condition and does not turn physical-goods delivery estimates into electronic-code delivery promises. [\[S34\]](#article-source-34). ArticoliPTY supplies another useful policy comparison: its card is not reloadable and cannot be exchanged for cash, despite having no expiry. An unlimited time horizon therefore does not mean unrestricted liquidity. The accessed listing did not independently establish the method of digital delivery, so Panama's local-digital classification rests on the explicitly digital retail examples. No national digital adoption rate or 2025 gift-card revenue estimate was verified. Panama also has a locally described merchant-software model. SmartCard's service terms, updated 27 July 2026, say the merchant receives gift-card sale proceeds while the software records balances and spending. The merchant retains the obligation for outstanding customer value even if it closes or stops using the system. This clarifies a commercial role distinction: the technology provider's name on the interface is not necessarily the entity owing the redemption obligation. It does not establish a regulatory exemption. [\[S71\]](#article-source-71). The official legislative registry identifies Law 45 of 31 October 2007 as Panama's consumer-protection and competition framework and tracks later amendments, including price-information changes in 2025\. This review verified that official record but could not retrieve the attached complete legislation. No gift-card-specific expiry floor or universal cash-out right is therefore asserted. For implementation, the evidence supports checking the seller's disclosures and applicable consumer law, while retaining each programme's validity and redemption policy as a separate contract field. [\[S72\]](#article-source-72). ### T15\. Panama: comparable product conditions Scroll left or right to see all columns __T15\. Panama: comparable product conditions__ | Programme | Published values or format | Validity and restrictions | Source | | ------------------------------------------------------------------- | ---------------------------------------------------- | --------------------------------------------------------------------------- | ----------------------------------------------- | | AR Retail / Line Up gift cards | Digital gift cards addressed expressly in section 16 | 12 months; same-site redemption for online cards; no cash | Issuer terms [\[S69\]](#article-source-69) | | U.S. Polo Assn. Panama | Digital; USD 25,50,75,100 | Online-only; excluded from physical-store purchases | Issuer [\[S34\]](#article-source-34) | | ArticoliPTY | Explicit USD 10,20,50,100 options | No expiry; no reload or cash; delivery format unverified | Issuer [\[S70\]](#article-source-70) | | [SmartCard Panama](https://giftcard.news/company/smartcard-panama/) | Merchant programme technology | Merchant holds proceeds and redemption liability; software records balances | 2026 terms [\[S71\]](#article-source-71) | | Law 45 | 31 October 2007; official amendment history reviewed | General consumer framework; gift-specific rule not verified | Official registry [\[S72\]](#article-source-72) | ## South America: country profiles ## Argentina: separate digital delivery from the right to spend online Argentina has a measurable commercial gift-card market and a useful warning about channel definitions. PayNXT360's January 2026 edition places the total market at USD 1.17 billion in 2025 and forecasts USD 1.30 billion for 2026 and USD 1.91 billion for 2030\. Its forecast CAGR is 10.1% for 2026-2030\. These are publisher estimates covering the gift-card industry, not a reported value for virtual cards alone. The atlas therefore uses USD 1,170 million for the size map and leaves the digital share unquantified. [\[S04\]](#article-source-4). The Justa Osadia product listed by [Provincia Compras](https://giftcard.news/company/provincia-compras/) illustrates a domestic digital programme: an ARS 200,000 bearer voucher sent as an email attachment. It is valid for 180 days at participating physical stores in Argentina, but its terms exclude online purchases. The full voucher must be redeemed in one transaction, with an additional payment permitted when the basket costs more. This is evidence of virtual issuance, not ecommerce acceptance or national distribution. [\[S13\]](#article-source-13). Corporate and promotional issuance also requires careful measurement. [Easy](https://giftcard.news/company/easy/)'s December 2025 draw offered five gift cards of ARS 500,000 each, with one-year validity for physical-store redemption. That is a documented promotion with ARS 2.5 million of advertised prize face value, calculated as five times ARS 500,000\. It is neither annual Easy gift-card sales nor evidence that every Easy voucher uses the same current conditions. The distinction matters because a campaign's unusually large denominations can distort an attempted estimate of normal household purchases. [\[S73\]](#article-source-73). Argentina's Consumer Defence Law provides a broader contractual framework. Article 4 requires adequate information, while Article 37 addresses clauses that restrict consumer rights and interpretation favourable to the consumer. The reviewed consolidated text does not establish the national gift-card expiry minimum claimed in some informal explanations. Accordingly, the 180-day Justa Osadia term and one-year Easy campaign term are presented as product conditions, not statutory rules. Consumer rights must be assessed independently from the conditions printed on a voucher. [\[S74\]](#article-source-74). For a corporate buyer, the material decision is the recipient's spending journey. An emailed card with physical redemption may suit an employee who lives near the participating retailer and be impractical for someone elsewhere. A single-transaction requirement also changes the effective choice offered by a denomination: the recipient may need to increase the basket or supply personal funds. Programme procurement should therefore specify acceptance locations, partial-spend behaviour and who receives the code before comparing delivery speeds. The examples establish those commercial design questions without suggesting a measured national preference for one design. ### T16\. Argentina: dated market estimates and programme observations Scroll left or right to see all columns __T16\. Argentina: dated market estimates and programme observations__ | Metric or programme | Value | Period / definition | Source | | ---------------------------- | ----------------------- | ---------------------------------------------- | -------------------------------------------- | | Total gift-card market | USD 1,170m | 2025 estimate; all formats | PayNXT360 [\[S04\]](#article-source-4) | | Forecast total market | USD 1,300m / USD 1,910m | 2026 / 2030 forecasts | PayNXT360 [\[S04\]](#article-source-4) | | Justa Osadia virtual voucher | ARS 200,000; 180 days | Email; physical redemption; single transaction | Product [\[S13\]](#article-source-13) | | Easy Christmas draw | 5 cards × ARS 500,000 | December 2025; one-year validity | Campaign rules [\[S73\]](#article-source-73) | ## Bolivia: local digital distribution exists, but catalogue breadth is not market size Bolivia belongs on the digital-availability map because Giftealo operates a country-specific corporate portal that offers emailed gift cards redeemable with participating local brands. Its advertised catalogue exceeds 100 brands, a supplier claim that describes available choice rather than audited issuer count, active cards or sales. The research did not establish a comparable 2025 national market value or a digital share. Those fields remain unavailable rather than being estimated from the catalogue or from unrelated payment statistics. [\[S16\]](#article-source-16). There are two stages to distinguish in a choice-based programme: receiving a platform voucher and selecting a merchant card. Giftealo's Bolivia offer includes that exchange model. It can postpone the recipient's brand choice, but the buyer must establish which balance and expiry conditions apply before and after the exchange. A platform catalogue is not proof that every merchant accepts one common payment instrument at its checkout. This distinction is especially useful for a corporate programme whose recipients have different shopping needs or live near different merchants. [Zedani](https://giftcard.news/company/zedani/) provides a contrasting domestic product with unusually clear spending conditions. Its reviewed card is physical, valid for one year and intended for a single transaction. Where the purchase exceeds the card value, the recipient can pay the difference; the terms direct a customer with a smaller basket to select another item. This demonstrates why retaining a balance and making a partial redemption should be explicit comparison fields, rather than assumed features of every gift card. Zedani alone would not prove a virtual programme. [\[S75\]](#article-source-75). Bolivia's Law 453, dated 4 December 2013, supplies the general consumer framework. Articles 13 and 14 address complete, truthful information and price presentation; Article 18 concerns compliance with offered conditions, while Articles 25 and 26 cover misleading advertising and complaints. These obligations are relevant to how a programme describes eligibility, denominations and redemption. The reviewed legislation did not establish a gift-card-specific national minimum validity period. A merchant's one-year term is consequently a contractual observation, not a conclusion about what every Bolivian issuer must do. [\[S76\]](#article-source-76). The most useful next measurement for this country would be issued and redeemed value from identified domestic programmes, split by corporate and consumer purchases. Merchant count alone cannot supply it: one catalogue listing may represent little activity, while a small catalogue can support repeated high-value employer orders. The present evidence supports programme discovery and product comparison, with no defensible basis for ranking Bolivia by total gift-card revenue. ### T17\. Bolivia: verified programme design Scroll left or right to see all columns __T17\. Bolivia: verified programme design__ | Programme | Format / reach | Documented condition | Evidence | | ------------------ | ---------------------------- | ----------------------------------------------------------------- | -------------------------------------------- | | Giftealo Bolivia | Email; local brand catalogue | Supplier advertises 100+ brands; choice voucher requires exchange | Bolivia portal [\[S16\]](#article-source-16) | | Zedani | Physical card | 1 year; one transaction; supplemental payment allowed | Terms [\[S75\]](#article-source-75) | | Consumer framework | Law 453, 2013 | Information, offered conditions, advertising and complaints | Statute [\[S76\]](#article-source-76) | ## Brazil: the largest measured South American market in this source set Brazil has the largest 2025 gift-card value among the South American estimates selected for this atlas. PayNXT360's 2026 release puts the total industry at USD 8.11 billion in 2025, rising to a forecast USD 9.05 billion in 2026 and USD 13.66 billion in 2030\. The stated 2026 growth rate is 11.5%, followed by a 10.8% forecast CAGR for 2026-2030\. Those measures include the whole gift-card market. They cannot be labelled virtual-card sales, and the forecast should not be described as achieved growth. [\[S01\]](#article-source-1). Renner supplies a concrete domestic virtual-card example. Its creation flow permits BRL 15 to BRL 1,000 and sends the card credentials to the recipient electronically. The reviewed terms give twelve months from loading and permit redemption in stores and on the website when the required password is available. The programme is not reloadable. These details establish a local digital product with more than one acceptance channel, while the retail market estimate above says nothing about Renner's own share. [\[S17\]](#article-source-17). The cancellation and transfer design deserves separate attention. Renner describes cancellation of an unused online purchase within seven days and an unused physical-store purchase within ninety days, and restricts transfer after receipt of the virtual card. Those are the issuer's operational terms, including its treatment of used balances. Brazil's statutory seven-day withdrawal provision is independently found in Article 49 of the Consumer Defence Code for contracts concluded outside the commercial establishment. Applying it to a particular dispute requires the relevant facts; a retailer's summary should not replace the statutory text. [\[S17\]](#article-source-17); [\[S77\]](#article-source-77). For issuance analysis, digital delivery, merchant acceptance and financial regulation answer different questions. The reviewed consumer code establishes information and contractual protections; it does not by itself settle whether a multi-merchant instrument is a regulated payment arrangement. This profile therefore makes no blanket claim that all Brazilian gift cards are exempt from financial regulation. A commercial description such as closed loop must be supported by the actual merchant network, the issuer's role and the redemption structure before it can support a regulatory conclusion. The available data supports a two-level reading of Brazil. At the national level, a dated total-market series provides scale and a transparent forecast. At the product level, a retailer's live terms show denomination, delivery and cancellation choices. Neither level measures how many consumers redeem on a phone, whether a corporate incentive outperforms cash, or how much value expires. Those would require programme-level evidence. For a business comparing suppliers, this is a reason to request issuance, redemption and outstanding-balance definitions alongside a digital share, rather than purchasing a vaguely labelled market percentage. ### T18\. Brazil: total gift-card market series Scroll left or right to see all columns __T18\. Brazil: total gift-card market series__ | Period / metric | Value | Status | Source | | --------------- | ----------- | ---------------------------- | -------------------------------------- | | 2025 market | USD 8,110m | Publisher estimate | PayNXT360 [\[S01\]](#article-source-1) | | 2026 market | USD 9,050m | Forecast; 11.5% year-on-year | PayNXT360 [\[S01\]](#article-source-1) | | 2030 market | USD 13,660m | Forecast | PayNXT360 [\[S01\]](#article-source-1) | | 2026-2030 CAGR | 10.8% | Forecast; total market | PayNXT360 [\[S01\]](#article-source-1) | ### T19\. Brazil: virtual-card and legal comparison Scroll left or right to see all columns __T19\. Brazil: virtual-card and legal comparison__ | Item | Documented detail | Classification | Source | | ----------------------------- | -------------------------------------- | ------------------------------ | ------------------------------------------- | | Renner denomination | BRL 15-1,000 | Issuer condition | Renner [\[S17\]](#article-source-17) | | Renner validity | 12 months from load | Issuer condition | Renner [\[S17\]](#article-source-17) | | Remote-contract withdrawal | 7 days under Article 49 | General consumer law | Official code [\[S77\]](#article-source-77) | | National digital market value | Unavailable in reviewed public summary | Do not substitute total market | Market release [\[S01\]](#article-source-1) | ## Chile: mature programme documentation, forecast revisions and employee taxation Chile's current selected estimate is USD 1.26 billion for 2025 in PayNXT360's January 2026 edition, with forecasts of USD 1.40 billion in 2026 and USD 2.09 billion in 2030\. Its forecast CAGR for 2026-2030 is 10.6%. The same publisher's February 2025 edition had projected USD 1.29 billion for 2025\. This is a useful visible revision: comparing the two editions does not establish that actual sales fell, because the older number was a forecast and the newer one is another publisher estimate. [\[S03\]](#article-source-3); [\[S78\]](#article-source-78). Cencosud documents both physical and digital barcode cards in Chile. Its programme can combine multiple group retail banners, with explicitly listed website and app acceptance for eligible formats. The corporate buyer can also impose restrictions, including merchant scope or transfers through the app. Consequently, a multi-brand logo is insufficient evidence that a recipient can use every group store or every online checkout. The map records domestic virtual availability, while the terms table records what must be checked for a particular order. [\[S18\]](#article-source-18). The public FAQ gives a usual validity of one year but allows a corporate purchaser to request a shorter period. It also describes partial spending and nominated or bearer formats, with identity requirements. These options are commercially significant: corporate configuration can alter a recipient's practical experience even where two cards carry the same brand. The one-year term is an issuer default in the reviewed FAQ, not a statutory Chilean minimum established by this research. [\[S79\]](#article-source-79). Chile supplies particularly useful primary tax guidance for employer gifting. The [Servicio de Impuestos Internos](https://giftcard.news/organization/servicio-de-impuestos-internos/) FAQ, updated 13 October 2025, explains that employee gifts may qualify as an employer expense when contractual or voluntarily provided under general, uniform criteria, subject to reasonableness and the other Article 31 requirements. It also treats the employee benefit as remuneration and states that the relevant supplier VAT is not an input tax credit under the circumstances described. A gift-card delivery method therefore does not, by itself, make a benefit tax-free. This is general employee-gift and voucher guidance, not a legal determination about every programme. [\[S80\]](#article-source-80). For procurement, Chile's evidence suggests comparing control over the programme with control retained by the recipient. A buyer may value shorter campaigns and limited merchants, while recipients may value longer access and the ability to preserve unused balances. Those objectives should appear in the contract and communications rather than emerge at redemption. For market analysis, the separate discipline is to preserve report vintages. A dashboard that silently replaces a forecast with a later estimate would give readers a false impression of precision and make year-on-year comparisons difficult to reproduce. ### T20\. Chile: distinguish report vintages Scroll left or right to see all columns __T20\. Chile: distinguish report vintages__ | Publication | 2025 total market | Forward estimate | Interpretation | | ----------------- | ----------------- | ------------------ | --------------------------------------------------------------------- | | PayNXT360 Q1 2025 | USD 1,290m | USD 1,990m in 2029 | 2025 was forecast; older vintage source [\[S78\]](#article-source-78) | | PayNXT360 Q1 2026 | USD 1,260m | USD 2,090m in 2030 | 2025 estimate selected for map source [\[S03\]](#article-source-3) | ### T21\. Chile: programme controls and employer obligations Scroll left or right to see all columns __T21\. Chile: programme controls and employer obligations__ | Question | Evidence | Nature | Source | | ---------------------- | --------------------------------------------------- | ---------------------------------- | -------------------------------------- | | Digital availability | Digital barcode format | Programme feature | Cencosud [\[S18\]](#article-source-18) | | Validity | Usually 1 year; corporate settings may shorten | Issuer terms | FAQ [\[S79\]](#article-source-79) | | Partial redemption | Supported under programme conditions | Issuer terms | FAQ [\[S79\]](#article-source-79) | | Employee tax treatment | Voucher benefit enters remuneration in SII guidance | Tax guidance; updated October 2025 | SII [\[S80\]](#article-source-80) | ## Colombia: competing market estimates and a specific voucher-rule verification boundary Colombia demonstrates why country values need a publisher field. PayNXT360's Q1 2026 edition estimates the 2025 gift-card market at USD 1.09 billion; [IMARC](https://giftcard.news/company/imarc-group/) reports USD 1,258.9 million for the same reference year. The atlas selects PayNXT360 for the main map to preserve the common publisher and report vintage used for the other selected estimates. IMARC remains visible as an alternative, not averaged into a synthetic number. Neither source provides public methodological detail sufficient to reconcile the difference. [\[S05\]](#article-source-5); [\[S81\]](#article-source-81). Their outlooks also use different horizons. PayNXT360 projects USD 1.19 billion in 2026 and USD 1.64 billion in 2030, at a stated 2026-2030 CAGR of 8.3%. IMARC forecasts USD 3,456.1 million in 2034, with 11.52% CAGR for 2026-2034\. A longer horizon alone does not explain every difference in assumptions. These are total-market forecasts from separate research products, not a consensus range for digital cards. A buyer should compare the underlying definitions before choosing a planning baseline. BOSI supplies directly readable evidence of a Colombian virtual programme. The issuer describes email delivery of a code within two hours, domestic store and website redemption, and one-year validity. Partial redemptions are permitted, but they do not renew the validity period. The card is not reloadable, and the terms identify partner exclusions. The distinction between the physical and digital formats also affects online eligibility. These are concrete issuer conditions that can be checked independently of market forecasts. [\[S19\]](#article-source-19). Colombia has a gift-voucher-specific regulatory reference in section 2.18 of the [Superintendencia de Industria y Comercio](https://giftcard.news/organization/superintendencia-de-industria-y-comercio/)'s Circular Unica, directly examined through MINTIC's official compilation. For instruments within that section's definitions, sections 2.18.3.1–2 require partial spending where applicable and at least one year from issue or activation. Partial use does not automatically extend validity, and unused value may be forfeited after expiry as agreed. Required disclosures include the issuer, value, issue date, validity, expiry consequences and exclusions. These provisions should not be extended automatically to every prepaid instrument or promotional reward. [\[S82\]](#article-source-82). The commercial implication is that a cross-border platform should not copy a generic ninety-day condition into its Colombian programme without checking the applicable local rule. The measurement implication is equally specific: a forecast table may contain both publishers, but a geographic colour scale must identify one chosen series. Readers should be able to change their interpretation when they learn whose estimate is displayed, rather than discovering only after export that incompatible definitions were blended. ### T22\. Colombia: alternative estimates, not an average Scroll left or right to see all columns __T22\. Colombia: alternative estimates, not an average__ | Publisher / edition | 2025 estimate | Forecast | Map treatment | | ------------------- | ------------- | ------------------------------- | ------------------------------------------------- | | PayNXT360 Q1 2026 | USD 1,090m | USD 1,640m, 2030; CAGR 8.3% | Selected; source [\[S05\]](#article-source-5) | | IMARC | USD 1,258.9m | USD 3,456.1m, 2034; CAGR 11.52% | Alternative; source [\[S81\]](#article-source-81) | ### T23\. Colombia: product evidence and legal verification Scroll left or right to see all columns __T23\. Colombia: product evidence and legal verification__ | Item | Detail | Confidence / scope | Source | | -------------------- | ----------------------------------------------------------------------------- | ------------------------------------------------------- | ------------------------------------ | | BOSI virtual voucher | Email within 2h; 1 year; partial use | Direct issuer terms | BOSI [\[S19\]](#article-source-19) | | Partial spend | Does not restart BOSI expiry | Issuer condition | BOSI [\[S19\]](#article-source-19) | | SIC section 2.18 | Minimum one year; partial use where applicable; no automatic validity renewal | Direct official compilation; defined gift-voucher scope | MINTIC [\[S82\]](#article-source-82) | ## Ecuador: digital supermarket gifting with product-specific restrictions Ecuador has a verified domestic virtual-gifting route through the [Supermaxi](https://giftcard.news/company/supermaxi/) gift card offered on Pichincha Miles. The reviewed listing describes WhatsApp delivery and twelve-month validity, with redemption by the named holder at physical Supermaxi stores. It also contains broader group-brand language elsewhere, so this atlas retains the narrower explicitly stated acceptance scope. A general delivery footer differs from the product's stated processing period; neither is treated as a reliable universal delivery guarantee. [\[S24\]](#article-source-24). The channel matters to interpretation. A rewards-catalogue listing proves that a local digital gift instrument is offered through that route. It does not establish that any consumer can buy it for cash on the same terms, that every group retailer accepts it, or that the digital product accounts for a particular share of the issuer's sales. Pichincha Miles' specific restriction on corporate RUC accounts also means the consumer rewards route should not be represented as a general employer bulk-purchase channel. The atlas records programme existence rather than a procurement promise. There is separate historical evidence of corporate gifting. Supermaxi's Christmas 2023 business catalogue advertised a general gift-card minimum of USD 10 and more restricted food-related cards starting at USD 20\. It expressly separated gift-card discounts from the general corporate discount tables. The figures describe that dated offer, not a current 2026 price list, and a generic five-percent enterprise discount should not be applied to gift cards on the strength of the catalogue's cover. [\[S83\]](#article-source-83). The official-hosted Organic Consumer Defence Law gives the general framework for adequate, accurate information and misleading advertising. The copy reviewed is an archived government document rather than a certified September 2026 consolidation. It supports treating acceptance scope, expiry and recipient eligibility as material terms, but this research did not verify a national gift-card-specific validity minimum or a complete prepaid-instrument classification. Those legal questions remain explicit gaps, independent of the twelve-month product condition. [\[S84\]](#article-source-84). Ecuador's most useful product comparison therefore starts with who buys, who receives and where the instrument can be spent. A corporate supermarket card and a points-funded digital reward can share a retailer name while serving different customers under different conditions. Their face values also cannot be added to produce national turnover without issuance volumes. The country remains uncoloured on the market-size map, while the availability map supplies a concrete domestic programme and its constraints. ### T24\. Ecuador: local programme evidence Scroll left or right to see all columns __T24\. Ecuador: local programme evidence__ | Measure | Value or condition | Date / scope | Source | | ----------------------------- | ------------------------------------ | ---------------------------------------- | -------------------------------------------- | | Supermaxi via Pichincha Miles | Digital WhatsApp delivery; 12 months | Reviewed2026; physical redemption stated | Product [\[S24\]](#article-source-24) | | Corporate gift card minimum | USD 10 | Christmas2023 historical catalogue | Corporate plan [\[S83\]](#article-source-83) | | Restricted food cards | USD 20 minimum | Christmas2023; specified product uses | Corporate plan [\[S83\]](#article-source-83) | | National2025 market value | Not verified | Do not infer from denominations | Research gap | ## Guyana: e-gift cards with recipients outside the issuer's account base Guyana has an identifiable local digital programme through MMG e-gift cards. The provider describes delivery by email or SMS, with purchase through its app, website or an authorised agent. The recipient does not need an MMG account. Its published conditions say the e-gift cards do not expire and purchases are non-refundable. These are programme terms, not evidence of a statutory national no-expiry rule or of deposit protection. No comparable 2025 national gift-card value was verified. [\[S28\]](#article-source-28). The recipient-account condition is commercially useful. Removing a compulsory account-opening step can reduce the number of actions between receiving a gift and using it, although this research has no completion-rate evidence to quantify that effect. The relevant comparison is the redemption process and merchant choice for the specific card selected. A delivery message should not be mistaken for a general-purpose balance that can be spent anywhere, and a platform's user base should not be treated as its gift-card customer base. [Massy Stores Guyana](https://giftcard.news/company/massy-stores-guyana/) supplies a separate local card benchmark, with GYD 3,000, 5,000, 10,000 and 20,000 denominations and two days' notice requested for large orders. The reviewed service page does not demonstrate virtual delivery. Its expiry sentence is internally inconsistent, writing eleven in words but twelve in parentheses. Rather than choosing one, the table flags the contradiction for issuer clarification. This is a useful example of why data extraction should preserve uncertainty even when a merchant page appears authoritative. [\[S85\]](#article-source-85). Guyana's [Competition and Consumer Affairs Commission](https://giftcard.news/organization/competition-and-consumer-affairs-commission/) identifies the Consumer Affairs Act 2011 as the framework for protecting consumer interests in the supply of goods and services. The commission investigates complaints and enforces the legislation. The material reviewed does not establish a specific gift-card minimum term, cash-out right or treatment of merchant insolvency. An issuer's non-refund wording is therefore recorded as its condition, without presenting it as the complete statement of a consumer's legal remedies. [\[S86\]](#article-source-86). For corporate programmes, the evidence supports a practical comparison between electronic recipient delivery and locally purchased store cards. Currency must remain explicit: the Massy values above are Guyana dollars, not US dollars. Neither denomination count nor an issuer's delivery channels measures total market value. The map recognises Guyana's domestic digital availability, while the profile preserves both the missing sales data and the visible defect in one merchant's published terms. ### T25\. Guyana: e-gift cards and store-card benchmark Scroll left or right to see all columns __T25\. Guyana: e-gift cards and store-card benchmark__ | Programme | Numeric / operational detail | Format and limitation | Source | | ---------------------- | ---------------------------- | ---------------------------------------------- | --------------------------------------- | | MMG | No expiry stated | Email/SMS; recipient need not hold MMG account | Programme [\[S28\]](#article-source-28) | | Massy Stores | GYD3000; 5000; 10000; 20000 | Digital delivery not verified | Services [\[S85\]](#article-source-85) | | Massy bulk orders | 2 days' notice | Issuer service condition | Services [\[S85\]](#article-source-85) | | Massy validity wording | Eleven versus12 months | Contradiction, do not choose either value | Services [\[S85\]](#article-source-85) | ## Paraguay: local emailed cards and the limits of online acceptance Paraguay has direct merchant evidence of virtual gift cards. Divana's birthday gift-card page offers an emailed code that can be forwarded to the recipient and used at online checkout. Its eleven displayed denominations range from PYG 250,000 to PYG 2,000,000\. The page does not establish expiry, partial-balance treatment or refund conditions. Those fields are left undocumented rather than filled from the policies of another merchant or from a generic ecommerce platform. [\[S35\]](#article-source-35). This programme demonstrates domestic digital availability without establishing national penetration. Eleven denomination choices are eleven product options, not eleven issuers or a measure of demand. Nor does a high maximum face value reveal the typical customer order. For an employer choosing a benefit amount, the useful operational question is whether recipients can preserve unspent value and combine it with another payment method. The reviewed page leaves those questions open, so a catalogue listing alone is insufficient for committing a large order. [Unicentro](https://giftcard.news/company/unicentro/) provides an instructive channel contrast. Its conditions state that gift cards and digital vouchers are accepted in physical stores and cannot be used for purchases on its website. An instrument can therefore be described correctly as digital while offering no ecommerce redemption. This distinction should remain visible in a supplier comparison: distributing a code remotely is one capability; spending it remotely is another. The programme belongs in the local evidence set, but its web exclusion must travel with the listing. [\[S87\]](#article-source-87). Paraguay's SEDECO identifies Law 1334/98 in its official consumer FAQ and describes complaint channels supported by identity, transaction evidence and the facts of the claim. That establishes a general consumer-protection route. It does not establish a retrieved gift-card-specific expiry minimum, a standard cash-redemption obligation or the financial regulatory classification of a multi-merchant product. Issuer conditions and these unresolved legal questions remain separate. [\[S88\]](#article-source-88). The country's coverage illustrates the difference between an evidence gap and an absent market. The present source set includes a merchant-issued digital product and a retailer's voucher restrictions, but not a defensible 2025 aggregate. The two-map design preserves both findings: Paraguay appears as having local digital evidence on the programme map and as lacking an available value on the market-size map. A single colour score combining them would conceal more than it explained. ### T26\. Paraguay: denominations and channel restrictions Scroll left or right to see all columns __T26\. Paraguay: denominations and channel restrictions__ | Programme / issue | Evidence | Scope | Source | | ---------------------- | ------------------------------------ | ------------------------------------------- | ------------------------------------------ | | Divana | 11 denominations; PYG 250000-2000000 | Emailed code, online checkout | Product [\[S35\]](#article-source-35) | | Divana remaining terms | Expiry / partial use not documented | No assumption from other issuers | Product [\[S35\]](#article-source-35) | | Unicentro | Physical stores only | Digital vouchers excluded from web checkout | Terms [\[S87\]](#article-source-87) | | Consumer complaints | Law1334/98 framework | SEDECO general guidance | Official FAQ [\[S88\]](#article-source-88) | ## Peru: distinguish a choice voucher from the merchant card it buys Peru's digital gift-card evidence includes both platform distribution and direct merchant issuance. Giftealo's FAQ distinguishes a merchant gift card from its own exchange voucher. Brand cards arrive electronically with redemption credentials, while the platform voucher is first exchanged for selected cards. The FAQ's generic ninety-day validity is expressly subject to brand differences; it must not be copied into other countries as a legal standard. The same page describes scheduled delivery and differing partial-spend rules. [\[S36\]](#article-source-36). The exchange stage is a meaningful source of friction and choice. A recipient must understand whether the value displayed is already spendable at a merchant or still needs to be allocated within a catalogue. Giftealo's exchange voucher requires full use in one order under the reviewed conditions. That differs from preserving a balance on a merchant card after a smaller retail purchase. A programme dashboard should track these stages separately rather than treating platform exchange as final consumer redemption. [Drop The Label](https://giftcard.news/company/drop-the-label/)'s direct digital product offers PEN 50, 100, 150, 200 and 300 denominations. It is emailed, valid for one year and usable online. The merchant permits retained balances, payment of a remaining difference and use with discounts, while describing the card as nonreloadable. These conditions provide a specific alternative to the platform model. They are not evidence that all Peruvian cards allow partial spending or that one-year validity is prescribed nationally. [\[S89\]](#article-source-89). Peru's Consumer Protection and Defence Code, Law 29571, contains general information and pricing requirements in Articles 2-4\. The original official publication was examined; it is not presented as a fully revalidated September 2026 consolidation of every subsequent amendment. No gift-card-specific national expiry rule was established in this source set. Consequently, the two programmes' differing validity descriptions remain issuer terms, subject to the applicable consumer framework rather than substitutes for it. [\[S90\]](#article-source-90). For corporate buyers, the comparison should ask what the recipient can actually recover from the promised amount: choice among brands before exchange, choice among products after exchange, and continued access to a residual balance after spending. These are three different forms of flexibility. The research found enough evidence to document local virtual availability and useful conditions, but no comparable 2025 national total. A regional search-interest series, where available elsewhere in this study, measures attention and cannot fill that market-size gap. ### T27\. Peru: digital programme conditions Scroll left or right to see all columns __T27\. Peru: digital programme conditions__ | Programme | Value / term | Spending model | Source | | ------------------------- | --------------------------------------- | -------------------------------------- | ------------------------------------- | | Giftealo exchange voucher | Full use in one order | Exchange into merchant cards | FAQ [\[S36\]](#article-source-36) | | Drop The Label | PEN 50; 100; 150; 200; 300 | Emailed; online; 1 year | Product [\[S89\]](#article-source-89) | | Drop The Label balance | Partial use and split payment supported | Nonreloadable | Product [\[S89\]](#article-source-89) | | National2025 value | Unavailable | No payment or search proxy substituted | Research gap | ## Suriname: do not transfer a physical network's reach to its digital card Suriname has identifiable local digital gift-card programmes despite the absence of a verified national market total. Dapper's online product lists a EUR 50 coupon, delivered as a PDF that can be shared electronically and used at its Paramaribo shop. The stated validity is thirty days, and alcohol is excluded. The advertised currency is euros, so recording this as SRD 50 would be a material error. The listing alone does not establish the exchange rate used at redemption or the value of cross-border purchases. [\[S39\]](#article-source-39). [Tulip Gift Cards](https://giftcard.news/company/tulip-gift-cards/) offers richer network documentation. Its 2025 company brochure describes more than 175 locations and more than ten sectors for the broader programme, with general denomination examples of SRD 250, 500, 1,000 and 2,500\. Crucially, the digital-specific conditions restrict that format to [Tulip Supermarket](https://giftcard.news/company/tulip-supermarket/) in Suriname and allow partial redemption. The broad network count therefore cannot be attached to the digital card. This is exactly the kind of distinction that disappears when a distributor copies only a brochure's headline figures. [\[S91\]](#article-source-91). For a multinational employer, the difference changes both procurement and recipient communication. A programme with many participating physical outlets can have a much narrower emailed variant. The buyer should request the acceptance list for the actual format ordered, not the issuer's aggregate merchant network. Currency also needs a consistent treatment: a price displayed in euros and a face value denominated in Suriname dollars belong in separate columns unless the conversion mechanism is documented. Neither is a measure of national market revenue. Suriname's official consumer-protection portal provides a government information and reporting route. The reviewed material does not establish gift-card-specific rules on expiry, refunds or prepaid licensing. That is a documentation limitation, not a finding that no applicable law exists. Dapper's thirty-day term and Tulip's brochure description of unlimited validity must therefore be read as issuer statements rather than a legal comparison of which rule is nationally required. [\[S92\]](#article-source-92). The market opportunity that can be supported here is operationally concrete: domestic retailers are distributing value electronically, and their terms differ. The scale of that activity remains unknown. A careful atlas can make those programmes discoverable while declining to colour Suriname by an invented total. Additional useful evidence would be digital issuance and redemption volumes, broken down by product format, because a combined physical-and-digital network figure cannot answer those questions. ### T28\. Suriname: format, currency and acceptance boundaries Scroll left or right to see all columns __T28\. Suriname: format, currency and acceptance boundaries__ | Programme / metric | Value | Correct interpretation | Source | | --------------------------- | --------------------------- | -------------------------------------- | ------------------------------------------------ | | Dapper coupon | EUR50; 30 days | Digital local-store coupon; no alcohol | Product [\[S39\]](#article-source-39) | | Tulip network | 175+ locations; 10+ sectors | Whole programme; not digital reach | 2025 brochure [\[S91\]](#article-source-91) | | Tulip general denominations | SRD250; 500; 1000; 2500 | Brochure examples | Brochure [\[S91\]](#article-source-91) | | Tulip digital acceptance | Tulip Supermarket Suriname | Narrower than overall network | Digital conditions [\[S91\]](#article-source-91) | ## Uruguay: an expiry label does not settle the fate of prepaid value Uruguay combines clear domestic digital products with unusually useful official guidance about expiry. Delishop's gift card is delivered by email and permits a personalised message and scheduled sending. Its six denominations run from UYU 500 to UYU 3,000, and its product page states one-year validity. That is a live merchant condition, but the legal interpretation cannot stop there. [\[S42\]](#article-source-42). The Ministry of Economy and Finance's consumer guidance, published on 15 December 2016, explains that expiry of the card or its support does not justify the merchant retaining the prepaid money. It identifies the original purchaser, the giver, as the person who may renew the card or withdraw the credited funds after expiry. This is not an unconditional cash-out right for every bearer. The distinction between the support's validity, the underlying value and the person entitled to recover it matters. [\[S93\]](#article-source-93). The relationship between those two sources should be visible to readers. Delishop's one-year statement is not silently converted into a statutory right to forfeit the balance. Equally, this research does not adjudicate that merchant's compliance or the outcome of an individual dispute. The appropriate finding is that official consumer guidance must be considered alongside the product term. For a corporate programme, communicating only the card's printed date would omit a material part of the available information. [Montevideo Portal](https://giftcard.news/company/montevideo-portal/)'s shopping service supplies another domestic digital route, allowing gift-card email delivery to the buyer or recipient with a code for purchases. Its reviewed flow does not provide enough evidence to establish a nationwide standard for validity, partial use or refunds. This second programme strengthens the finding of local digital availability without turning the research into a ranking of issuers. [\[S94\]](#article-source-94). Uruguay's profile is consequently stronger on product and consumer-policy evidence than on aggregate sales. No comparable 2025 total was verified, and the retailer denominations are kept in Uruguayan pesos. A useful future issuer dataset would distinguish expiry of a credential, reissue of that credential and loss or recognition of the underlying value. Collapsing those events into one expired-balance number could misrepresent the consumer position described by the ministry. The atlas records the legal nuance and leaves the unsupported market-size field empty. ### T29\. Uruguay: product conditions versus official expiry guidance Scroll left or right to see all columns __T29\. Uruguay: product conditions versus official expiry guidance__ | Evidence | Value / condition | How to read it | Source | | ---------------------- | ---------------------------------------------------------------- | --------------------------------------------------- | -------------------------------------- | | Delishop denominations | UYU 500; 1000; 1500; 2000; 2500; 3000 | Digital product options | Product [\[S42\]](#article-source-42) | | Delishop validity | 1 year stated | Merchant term; not complete legal position | Product [\[S42\]](#article-source-42) | | MEF expiry guidance | Original purchaser may renew the card or withdraw credited funds | Purchaser-specific right; 15 December 2016 guidance | Ministry [\[S93\]](#article-source-93) | | Montevideo Portal | Email gift-code delivery | Separate local programme | Flow [\[S94\]](#article-source-94) | ## Venezuela: domestic merchant cards and foreign codes are different markets Venezuela has evidence of domestic virtual gift cards rather than only access to foreign subscription codes. Eva Store offers USD 25, 50 and 100 gift cards delivered by email and usable through its website and physical store. The reviewed page does not establish expiry or partial-spend conditions. Dynamic counters about current viewers or recent purchases were excluded because they are not suitable evidence for estimating national sales. [\[S43\]](#article-source-43). [Roselab](https://giftcard.news/company/roselab/) provides a useful separate store-card benchmark. Its terms state a USD 1 card fee and a load range of USD 30 to USD 1,000, with identification and transfer restrictions. The reviewed terms do not establish electronic delivery, so the programme is not counted as a verified virtual card. This distinction prevents an online terms page from being mistaken for evidence that the underlying instrument is digital. [\[S95\]](#article-source-95). [Venegift](https://giftcard.news/company/venegift/) represents another business model: distribution of digital codes and subscriptions, with regional compatibility conditions for international services. Its terms, updated 3 March 2026, explain restrictions after a code is released. Those operations can serve Venezuelan purchasers, but they are not equivalent to a domestically issued balance at a Venezuelan merchant. The availability map uses Eva Store as its local-digital evidence and describes foreign-code distribution separately. [\[S96\]](#article-source-96). The constitutional consumer baseline appears in Article 117, which addresses quality, adequate non-misleading information, choice and fair treatment. It does not supply a national gift-card expiry schedule. There is also a legislative verification issue: an official January 2026 report described a socioeconomic-rights bill while its second debate was still pending. No final promulgated instrument completing that process was verified in this review. The article therefore does not treat the proposal's contents as an enacted gift-card law or claim that older price-law summaries describe the complete current regime. [\[S97\]](#article-source-97); [\[S98\]](#article-source-98). For a regional distributor, Venezuela's product matrix must preserve three separate questions: the issuer of the value, the currency shown and the territory in which the code will work. A local merchant card priced in dollars does not thereby become a US-issued card. Conversely, a foreign entertainment code sold locally does not establish a domestic merchant network. The evidence supports local programme discovery and a comparison of disclosed fees, while leaving national value, digital share and unresolved regulatory specifics unquantified. ### T30\. Venezuela: distinguish domestic value from foreign codes Scroll left or right to see all columns __T30\. Venezuela: distinguish domestic value from foreign codes__ | Programme | Numeric / format evidence | Classification | Source | | --------------------- | ------------------------------------------------- | --------------------------------------- | --------------------------------------------- | | Eva Store | USD 25; 50; 100; email delivery | Local digital merchant gift card | Product [\[S43\]](#article-source-43) | | Roselab | USD 30-1000 load; USD 1cardfee | Local card; virtual delivery unverified | Terms [\[S95\]](#article-source-95) | | Venegift | International codes; regional restrictions | Foreign-code distribution | Terms [\[S96\]](#article-source-96) | | Consumer-law revision | OfficialJanuary2026 report: second debate pending | No final enacted text verified | Official report [\[S98\]](#article-source-98) | ## The Caribbean: country profiles ## Antigua and Barbuda: Locally redeemable email gift cards verified at Sunseakers and Gingerlily Antigua and Barbuda has direct evidence of a locally redeemable digital gift-card proposition. [Sunseakers and Gingerlily](https://giftcard.news/company/sunseakers-and-gingerlily/) [\[S12\]](#article-source-12) operates in St John's and sells cards with email delivery. The reviewed USD view offered fixed values of US$25, US$50, US$100 and US$200, alongside a custom-amount option. The order form records a recipient and personal message. These are merchant product observations captured in September 2026, rather than measurements of national consumer adoption. For a virtual-gifting atlas, this evidence supports local digital availability: the recipient can receive purchasing value electronically for a local business. It does not establish a multi-merchant network or coverage across both islands. The distinction matters when comparing a single shop with a national corporate-benefits platform. Purchases are described as non-refundable; the reviewed page does not specify expiry, partial redemption or a cash-out entitlement. Missing conditions remain unknown instead of being recorded as zero fees or unlimited validity. The Consumer Protection Act 2025 [\[S99\]](#article-source-99) provides an important statutory reference for understandable information, misleading representations, unfair contractual terms and distance selling. It was assented to on 7 March 2025 and published on 10 March. Section 1, however, leaves commencement to ministerial notices, potentially at different dates for different provisions. The research did not independently verify every commencement instrument. Consequently, the atlas records the enacted text and this applicability qualification, rather than treating publication as proof that every provision took immediate effect. The commercial implication is specific: a local merchant can provide electronic gifting without offering a general-purpose payment wallet. A distributor evaluating this program would still need the settlement currency, redemption process and unused-balance policy in its contract. No defensible 2025 national sales estimate or digital share was located. Neither the number of available face values nor the existence of an email form can fill that statistical gap. ### T31\. Antigua and Barbuda: observed merchant parameters Scroll left or right to see all columns __T31\. Antigua and Barbuda: observed merchant parameters__ | Measure or condition | Verified position | Scope / source | | ----------------------- | ---------------------------------- | ------------------------------------------------------------------------------------- | | Fixed face values | US$25; 50; 100; 200 | USD-selected Sunseakers page, observed September 2026\. [\[S12\]](#article-source-12) | | Additional value option | Custom amount | Merchant product option; limit not stated. [\[S12\]](#article-source-12) | | Delivery | Email, described as instant | Sunseakers product page. [\[S12\]](#article-source-12) | | Refund position | Gift-card purchases non-refundable | Merchant term, not a finding about statutory remedies. [\[S12\]](#article-source-12) | | Expiry / partial use | Not specified on reviewed page | No national rule inferred. [\[S12\]](#article-source-12) | ## Barbados: Local digital cards verified in hospitality and online wine retail Barbados has verified digital gifting in both hospitality and specialist retail. [The Fish Pot Restaurant](https://giftcard.news/company/the-fish-pot-restaurant/) [\[S14\]](#article-source-14) sells email-delivered cards at US$75, US$125, US$175, US$250 and US$325\. The stated acceptance choices are The Fish Pot Restaurant, [Little Good Harbour](https://giftcard.news/company/little-good-harbour/) Hotel and [The Atlantis Historic Inn](https://giftcard.news/company/the-atlantis-historic-inn/). This supplies stronger local evidence than a country-branded marketplace page that merely resells foreign entertainment codes. It also shows why currency must remain explicit: these listed hospitality products use US dollars. [Platinum Wines Barbados](https://giftcard.news/company/platinum-wines-barbados/) [\[S100\]](#article-source-100) presents a different model: its e-gift cards are delivered electronically but are redeemable through its website. The disclosed validity is 12 months. A buyer arranging employee appreciation can therefore compare a hospitality group card with an online retail card, but cannot assume identical acceptance or expiry. The merchant's dollar-denominated face values are omitted from the comparable numerical table because the reviewed collection page did not provide a sufficiently clear currency label. Regulatory assessment requires a separate instrument classification. The [Central Bank of Barbados](https://giftcard.news/organization/central-bank-of-barbados/) [\[S101\]](#article-source-101) identifies the National Payment System Act 2021-1 and the 2026 Payment Services and Payment Service Providers Regulations as the framework for payment services, electronic-money issuance and safeguarding. That official overview does not classify either merchant product as electronic money. It would be inaccurate to infer a licensing obligation, or an exemption, solely from the words digital gift card. The evidence points to multiple product designs rather than a measured nationwide digital share. For a corporate buyer, the decision variables are the recipient's usable locations, the spending currency, whether a purchase must happen online and the time available to redeem. A regional distributor needs those fields at product level. No comparable national 2025 gift-card market estimate was found for Barbados in the reviewed material, and the presence of several hospitality venues should not be converted into a percentage of the retail sector. ### T32\. Barbados: digital programs with different acceptance rules Scroll left or right to see all columns __T32\. Barbados: digital programs with different acceptance rules__ | Measure or condition | Verified position | Scope / source | | ----------------------------- | ------------------------------------- | ------------------------------------------------------------------------------------------ | | Fish Pot fixed face values | US$75; 125; 175; 250; 325 | Official gift-card catalogue. [\[S14\]](#article-source-14) | | Fish Pot delivery / use | Email; three named hospitality venues | Local acceptance, not universal use. [\[S14\]](#article-source-14) | | Platinum Wines delivery / use | Email; website redemption | Retailer terms. [\[S100\]](#article-source-100) | | Platinum Wines validity | 12 months | Product policy. [\[S100\]](#article-source-100) | | Payment regulation | 2021 Act; 2026 regulations | Central bank framework; product classification unresolved. [\[S101\]](#article-source-101) | ## Cuba: MixMarket documents digital gift cards redeemable within its Cuban retail network Cuba's evidence is best understood through the place of redemption, rather than the purchaser's location. [MixMarket](https://giftcard.news/company/mixmarket/) [\[S21\]](#article-source-21) describes digital cards of US$25 to US$400 for its Cuban retail network. A purchase may be initiated from inside Cuba or from abroad. The reviewed program therefore supports a local digital classification because the stored purchasing value is used at identified businesses in Cuba, even where the giver is elsewhere. The terms updated on 11 August 2026 [\[S102\]](#article-source-102) describe an email containing a QR code, card number and associated credentials. The purchaser forwards the relevant details to the beneficiary. At redemption, identification must match the designated beneficiary, and use is restricted to MixMarket or affiliated stores in Cuba. This combination is operationally different from an unrestricted bearer voucher: accurate recipient details form part of successful delivery and redemption. The merchant's descriptive pages distinguish planned openings from current locations. The atlas does not count those future sites as an existing acceptance footprint. Nor does it present a dollar-denominated card as a bank deposit, a remittance service or a transferable cash balance. The cited terms describe a retail purchasing instrument. No general card-expiry rule was located in the reviewed program documents, so unlimited validity is not claimed. The legal evidence is less complete than the product evidence. MixMarket specifies Cuban law in its own contract, but that clause is not a substitute for verifying national consumer or prepaid-instrument legislation. This review did not secure a current, authoritative gift-card-specific rule establishing minimum validity, cash redemption or safeguarding for this exact model. Those fields remain unverified. For commercial analysis, the confirmed contribution is a contemporary example of electronically delivered, locally accepted retail value, with an identity-linked redemption process. National issuance, sales and digital penetration remain unknown; they cannot be reconstructed from the stated face-value range. ### T33\. Cuba: MixMarket digital gift-card evidence Scroll left or right to see all columns __T33\. Cuba: MixMarket digital gift-card evidence__ | Measure or condition | Verified position | Scope / source | | ---------------------- | ------------------------------------- | -------------------------------------------------------------------------------- | | Face-value range | US$25–400 | Company description, September 2026 review. [\[S21\]](#article-source-21) | | Terms version | Version 2, 11 August 2026 | Current reviewed product contract. [\[S102\]](#article-source-102) | | Delivery | Email with QR / card credentials | Purchaser forwards to beneficiary. [\[S102\]](#article-source-102) | | Beneficiary check | Matching official identification | Required at local redemption. [\[S102\]](#article-source-102) | | Acceptance | MixMarket and affiliated Cuban stores | Future openings excluded from current footprint. [\[S102\]](#article-source-102) | | Expiry / legal minimum | Not independently verified | No unlimited-validity assumption. [\[S102\]](#article-source-102) | ## Dominica: Local certificates and a physical travel gift-card program verified; digital delivery unconfirmed Dominica has verifiable local gift certificates, but the reviewed evidence does not establish an end-to-end digital delivery program. The Soft Life Spa [\[S22\]](#article-source-22) in Kingshill, Roseau, advertises certificates of XCD50, XCD100, XCD200 and higher values, usable for its services. It accepts purchases online, by telephone and onsite. An online ordering channel alone does not reveal whether the recipient receives an electronic code, a printable document or a physical certificate. There is also clear physical-program evidence. [Going Places Travel](https://giftcard.news/company/going-places-travel/) [\[S38\]](#article-source-38) lists Dominica among its gift-card markets and describes a presentation holder and envelope. Its country list gives four face values, shown as $25, $50, $100 and $200, without an ISO currency label. That ambiguity is retained in the table rather than silently converted into US or Eastern Caribbean dollars. The product is travel purchasing value, not general local retail spending. The map's physical-only category should be read as the strongest format verified by this research, not a declaration that digital gift cards do not exist anywhere in Dominica. This distinction is especially important for small merchants whose public booking pages may describe purchasing but leave fulfilment undocumented. A reliable digital upgrade would need evidence of electronic issuance plus an explicit local redemption process. Search results for businesses serving a diaspora abroad were not treated as local acceptance merely because their name contained Dominica. The official Government Information Service report [\[S103\]](#article-source-103) located for consumer legislation concerns consultation on a draft bill in August 2016\. It cannot prove the present enactment status of that bill or establish a mandatory gift-card expiry period. The country profile therefore marks the current card-specific legal position as unverified. No national 2025 market total, digital share or corporate distribution volume was located. Available merchant denominations provide useful procurement detail, but are not a substitute for those missing market measures. ### T34\. Dominica: documented products and remaining format gaps Scroll left or right to see all columns __T34\. Dominica: documented products and remaining format gaps__ | Measure or condition | Verified position | Scope / source | | -------------------------------- | ---------------------------- | ---------------------------------------------------------------------------------- | | Soft Life Spa values | XCD50; 100; 200 and higher | Local merchant booking page. [\[S22\]](#article-source-22) | | Spa purchase channels | Online, telephone, onsite | Delivery format unconfirmed. [\[S22\]](#article-source-22) | | Going Places listed values | $25; 50; 100; 200 | Publisher does not state ISO currency. [\[S38\]](#article-source-38) | | Verified travel-card format | Physical holder and envelope | Going Places Travel. [\[S38\]](#article-source-38) | | Current card-specific legal rule | Unverified | 2016 draft consultation is not enactment evidence. [\[S103\]](#article-source-103) | ## Dominican Republic: LineUp documents local digital gift cards with website-specific redemption The Dominican Republic has an explicit distinction between physical and digital gift cards in the LineUp Rewards / AR Retail terms [\[S23\]](#article-source-23). The published policy assigns a 12-month validity period and says digital cards purchased through the website are usable through that website. This is credible evidence of a local digital retail proposition, while also showing that electronic delivery should never be interpreted as automatic acceptance at every physical store associated with a brand. The same terms address several purchase decisions: cards cannot be converted into cash, the customer pays expenditure above the available card value, and lost, stolen or damaged cards are not replaced under the stated policy. Buying or redeeming a gift card does not generate cashback in the linked rewards program. The retail gift-card and loyalty mechanics consequently need separate accounting. A rewards percentage elsewhere on the site would not measure gift-card demand or the value issued. The legal reference is the General Consumer Protection Law 358-05 [\[S104\]](#article-source-104), published in 2005 and administered through the national consumer-protection system. The statute establishes a mandatory consumer-law framework. The reviewed sources do not show that its general protections prescribe the merchant's particular 12-month term for all Dominican gift cards. The expiry in this profile is therefore attributed to LineUp's contract. Applicability of financial-service rules to a broader stored-value design would require examining that instrument and its issuer separately. For a corporate distributor, the narrow website acceptance rule is commercially material: recipients need a shopping journey that matches the supplied card. Communicating the retailer, channel and validity before distribution is more useful than calling every product a flexible digital reward. The reviewed public terms did not disclose a usable denomination schedule or gift-card revenue, so those figures are left unfilled. Likewise, the atlas does not infer a national 2025 sales estimate from the existence of this program or its associated rewards membership. ### T35\. Dominican Republic: disclosed LineUp gift-card conditions Scroll left or right to see all columns __T35\. Dominican Republic: disclosed LineUp gift-card conditions__ | Measure or condition | Verified position | Scope / source | | ----------------------- | ------------------------------------------- | ------------------------------------------------------------------------ | | Validity | 12 months from purchase | Merchant policy. [\[S23\]](#article-source-23) | | Digital acceptance | Same website where purchased | No blanket in-store acceptance claim. [\[S23\]](#article-source-23) | | Cash conversion | Not allowed by program | Subject to applicable mandatory law. [\[S23\]](#article-source-23) | | Excess spending | Customer pays difference | Product term. [\[S23\]](#article-source-23) | | Lost / stolen / damaged | Replacement excluded by terms | Contractual policy. [\[S23\]](#article-source-23) | | Rewards interaction | No cashback for card purchase or redemption | Gift-card and loyalty value distinguished. [\[S23\]](#article-source-23) | ## Grenada: RUBIS fuel gift cards verified; electronic issuance not documented Grenada has verified fuel gift cards through [RUBIS Caribbean](https://giftcard.news/company/rubis-caribbean/) [\[S26\]](#article-source-26). The published country schedule lists 25, 50, 100 and 500 dollar face values and directs Grenadian purchasers to the company's terminal. Use is restricted to the stated fuel product. The public evidence establishes a sector-specific local program, but does not describe email issuance or a mobile voucher. It therefore supports physical availability rather than a confirmed local digital classification. The source prints dollar signs without explicitly identifying an ISO currency beside the Grenada schedule. To preserve the evidence, the table reproduces the numbers with that qualification. This avoids presenting an apparently comparable US-dollar price that the source did not actually establish. No expiry date, unused-balance rule or purchase fee was verified on the reviewed program page. These omissions matter when assessing a fuel reward that may be redeemed over several visits. The legal source is Grenada's Consumer Protection Act 2 of 2018 [\[S105\]](#article-source-105), assented to on 18 January 2018\. Its text addresses understandable information, misleading conduct, unfair terms and distance selling. Commencement is assigned to ministerial action, so the enacted text alone is insufficient to establish the operative date of every provision. The review did not independently locate the relevant commencement instruments or a gift-card-specific minimum validity. Those limitations are retained in the legal record. A potential employer fuel benefit should be assessed against the program's actual purchase and redemption route. Terminal distribution can be practical for a local administrator while being unsuitable for a fully remote campaign. Neither conclusion requires an unsupported claim about national digital maturity. The documented offer demonstrates one usable spending category, not a nationwide multi-merchant network. No reliable 2025 country market total or digital share was available, and no general payments indicator is substituted for gift-card sales. ### T36\. Grenada: fuel gifting evidence Scroll left or right to see all columns __T36\. Grenada: fuel gifting evidence__ | Measure or condition | Verified position | Scope / source | | -------------------------------- | -------------------------------- | --------------------------------------------------------------------- | | RUBIS listed values | $25; 50; 100; 500 | Currency ISO not explicit in source. [\[S26\]](#article-source-26) | | Purchase location | RUBIS terminal | Grenada-specific published instruction. [\[S26\]](#article-source-26) | | Eligible spending | Specified fuel product | Restricted-use local program. [\[S26\]](#article-source-26) | | Electronic delivery | Not verified | No email / virtual issuance claim. [\[S26\]](#article-source-26) | | Expiry / fees / partial spending | Not established on reviewed page | Unknown is not equivalent to zero. [\[S26\]](#article-source-26) | ## Haiti: Foreign-brand digital-code distribution verified; domestic merchant acceptance not established Haiti's strongest accessible evidence concerns local distribution of foreign digital codes. [IJustPayOne](https://giftcard.news/company/ijustpayone/) [\[S29\]](#article-source-29) publishes terms for international-brand gift cards and places responsibility on buyers to have a compatible account, including the appropriate US-region account where required. This is a real digital-gifting channel, but its existence does not demonstrate a network of Haitian retailers accepting a locally issued card. The atlas therefore marks foreign-code distribution separately. [TUPI](https://giftcard.news/company/tupi/) [\[S106\]](#article-source-106) similarly advertises emailed digital products and accepts local and other payment methods. It expressly describes itself as a marketplace rather than a bank or card issuer. That disclosure is operationally important: the platform arranging sale or delivery may not control the underlying brand's redemption rules. The consumer needs both the seller's fulfilment policy and the international issuer's country, currency and account restrictions. For financial regulation, [Banque de la République d'Haïti](https://giftcard.news/organization/banque-de-la-republique-d-haiti/) Circular 121 [\[S107\]](#article-source-107) provides the primary electronic-payment framework; the original document was cross-read using an accessible transcription [\[S108\]](#article-source-108). Its definitions address national-currency electronic payment value and third-party acceptance. It also distinguishes specified noncash loyalty or reward rights. That exclusion cannot simply be rewritten as a blanket exemption for every paid gift card. A local stored-value issuer and a retailer distributing someone else's foreign code present different classification questions. No current merchant-network issuance total, national digital gift-card share or 2025 sales estimate was verified. This is an important negative finding: substituting mobile-money usage would combine payment funding with the separate purchase and redemption of gift-card value. For a corporate buyer, the practical risk is recipient compatibility. A code can arrive instantly yet remain unusable on the recipient's actual account. The reviewed seller terms also restrict exchanges or refunds after a code is delivered. The map consequently describes the documented distribution model, without implying local-currency redemption, broad Haitian retail acceptance or a national market size. ### T37\. Haiti: distribution is not domestic acceptance Scroll left or right to see all columns __T37\. Haiti: distribution is not domestic acceptance__ | Measure or condition | Verified position | Scope / source | | ---------------------------- | ------------------------------------ | ------------------------------------------------------------------------- | | IJustPayOne product model | Foreign-brand codes | Seller terms; account-region restrictions. [\[S29\]](#article-source-29) | | TUPI delivery | Email | Marketplace description. [\[S106\]](#article-source-106) | | Underlying issuer role | TUPI says it is not a bank or issuer | Seller's own disclosure. [\[S106\]](#article-source-106) | | Delivered-code reversibility | Exchange / refund restrictions | IJustPayOne terms. [\[S29\]](#article-source-29) | | Regulatory reference | BRH Circular 121, December 2021 | Instrument-specific application required. [\[S107\]](#article-source-107) | | Local digital retail network | Not verified in reviewed evidence | Foreign-code category retained. [\[S29\]](#article-source-29) | ## Jamaica: Giftme documents a local eGift platform and material corporate and grocery use Jamaica offers the clearest Caribbean evidence in this review of a developed local digital distribution platform. Giftme, operated by [Gift Tech Limited](https://giftcard.news/company/gift-tech-limited/) [\[S31\]](#article-source-31), markets more than 350 Jamaican eGift cards and supports electronic sending, scheduling and corporate distribution. The catalogue count describes cards, not an independently verified count of unique merchants. Its changing website sales counter is excluded because a reproducible observation period and methodology were not supplied. There are also useful transaction indicators. A [Jamaica Observer](https://giftcard.news/organization/jamaica-observer/) report dated 1 July 2026 [\[S109\]](#article-source-109) attributes more than JMD 500 million in cumulative Giftme gross merchandise value to [Progressive Grocers](https://giftcard.news/company/progressive-grocers/). The same company-led reporting gives a platform spending mix of 70% corporate, 20% diaspora and 10% local consumers, and an average Progressive transaction of JMD 15,000 against JMD 5,000 across the platform. These are company-reported observations, not audited national statistics. The cumulative figure's starting period is unspecified, and the spending mix must not be recast as Jamaica's overall gift-card segmentation. The current terms, effective 2 June 2026 [\[S110\]](#article-source-110), are particularly consequential for unused balances. A service fee appears at checkout; merchant-specific expiry can apply alongside inactivity deductions. The limits and fee schedule are recorded below. Historical versions on other Giftme-branded pages should not overwrite this dated contract. For a corporate buyer, the combination of merchant expiry and declining dormant balances affects recipient communications and the timing of distribution. Jamaica's Consumer Affairs Commission [\[S111\]](#article-source-111) identifies the Consumer Protection Act 2005, amended in 2012, as its enforcement framework. That general reference does not certify each published fee as legally enforceable in every circumstance. The atlas reports the merchant contract while keeping statutory remedies separate. Commercially, the grocery example demonstrates that virtual gifting can carry everyday household purchasing value as well as discretionary gifts. Its strength is specific platform evidence; it still cannot fill the missing 2025 national market cell or quantify the country's digital share. ### T38\. Jamaica: Giftme product limits and company-reported observations Scroll left or right to see all columns __T38\. Jamaica: Giftme product limits and company-reported observations__ | Measure or condition | Verified position | Scope / source | | --------------------------------- | ----------------------------------------------- | ---------------------------------------------------------------------------------- | | Minimum / maximum per card | JMD 500 / JMD 50,000 | Terms v3, 2 June 2026; merchant limits also apply. [\[S110\]](#article-source-110) | | Retail-marketplace monthly cap | JMD 300,000 | Current terms. [\[S110\]](#article-source-110) | | Dormancy deduction | 25% after 12 unused months; then 5% monthly | Remaining balance; activity resets clock. [\[S110\]](#article-source-110) | | Small dormant balance | Below JMD 100 forfeited | Inactivity provisions. [\[S110\]](#article-source-110) | | Progressive cumulative Giftme GMV | \>JMD 500 million | Reported 1 July 2026; start period unspecified. [\[S109\]](#article-source-109) | | Platform spending mix | 70% corporate; 20% diaspora; 10% local consumer | Company-reported, not national shares. [\[S109\]](#article-source-109) | | Average transaction | JMD 15,000 Progressive; JMD 5,000 platform | Company-reported comparison. [\[S109\]](#article-source-109) | ## Saint Kitts and Nevis: National Bank gift prepaid cards verified; electronic delivery unconfirmed Saint Kitts and Nevis has a documented bank-issued gift prepaid card. [St. Kitts-Nevis-Anguilla National Bank](https://giftcard.news/company/st-kitts-nevis-anguilla-national-bank/) [\[S37\]](#article-source-37) offers its Mastercard Gift Prepaid Card with loading values between EC$ 50 and EC$ 1,000\. The published description permits purchase without holding a bank account and directs customers to branches. It also offers online balance checking. These features establish an accessible prepaid gift product, but an internet balance enquiry is not evidence of a virtual card being electronically delivered. This program differs fundamentally from a single retailer voucher. The bank describes acceptance through the Mastercard network, including international use, rather than limiting spending to one named shop. The issuer and network therefore matter when interpreting geographic coverage. A product sold locally can support spending abroad, while a foreign digital code sold online may not support local spending at all. Neither should be classified solely by where its sales page is hosted. The Consumer Protection Act 2023, No. 21 [\[S112\]](#article-source-112) was published on 14 December 2023 following assent on 5 December. Its text includes understandable agreements, unfair terms and misleading practices, but section 1 assigns commencement to ministerial orders and allows different dates for different provisions. The relevant operative order was not independently verified in this review. The act also cannot be used as evidence of the bank card's precise financial-services treatment without assessing the instrument and applicable banking rules. The reviewed bank page did not expose a complete expiry and fee schedule or demonstrate email delivery. Those are procurement gaps, not proof that fees or expiry do not exist. For the virtual-gifting map, the country therefore remains in the physical-program category based on verified evidence. No national 2025 gift-card market estimate was available. The EC$ 1,000 maximum is a product load limit, not a statutory ceiling for every gift card issued in the federation, and should not be presented as such. ### T39\. Saint Kitts and Nevis: bank gift prepaid card Scroll left or right to see all columns __T39\. Saint Kitts and Nevis: bank gift prepaid card__ | Measure or condition | Verified position | Scope / source | | ------------------------------ | ------------------------------------------- | ------------------------------------------------------------------------------------- | | Load range | EC$ 50–1,000 | National Bank product page. [\[S37\]](#article-source-37) | | Purchase channel | Bank branches | Physical program evidence. [\[S37\]](#article-source-37) | | Bank account required | No | Issuer statement. [\[S37\]](#article-source-37) | | Acceptance | Mastercard network, including international | Issuer description; transaction restrictions may apply. [\[S37\]](#article-source-37) | | Balance enquiry | Online | Does not prove virtual issuance. [\[S37\]](#article-source-37) | | Complete fee / expiry schedule | Not verified | Further issuer documentation needed. [\[S37\]](#article-source-37) | ## Saint Lucia: RUBIS local fuel gift cards verified; digital fulfilment not documented Saint Lucia has a verifiable sector-specific gift-card program through RUBIS Caribbean [\[S26\]](#article-source-26). The country schedule lists 25, 50, 100 and 500 dollar denominations, with purchases through its terminal and selected service-station distribution for specified values. The stated use is fuel. This is concrete local gift-card evidence, but the reviewed page does not document an emailed voucher or virtual credential. The distinction between purchase distribution and acceptance is commercially relevant. A terminal may handle a full denomination range while a retail outlet stocks fewer values. A distributor should preserve those differences in its catalogue rather than implying every location sells every amount. The source does not identify an ISO currency beside the face-value schedule, so the atlas retains its dollar notation with an explicit qualification. No expiry or partial-spend conclusion is inferred from silence. Saint Lucia has a particularly clear official commencement record. The Attorney General's Chambers consolidated consumer-law page [\[S113\]](#article-source-113) identifies Consumer Protection Act 9 of 2016 as effective from 1 January 2022 under S.I. 9/2022\. It records subsequent amendments, including one effective on 27 December 2023\. The act addresses plain contractual language, unfair terms, consumer information and distance selling. This is stronger date evidence than an old draft or an undated summary, although it still does not establish a single mandatory gift-card expiry period. The map therefore combines a verified local physical program with a carefully limited legal finding. It does not interpret a modern consumer statute as proof of a mature digital gift-card industry, and it does not treat an absent public digital fulfilment description as proof that such products cannot exist. For a corporate fuel campaign, the immediate information needs are card availability, eligible spending and the issuer's unused-balance terms. A credible national 2025 total and digital share were not found; those numerical cells remain unavailable rather than being filled with general card-payment statistics. ### T40\. Saint Lucia: product and statutory dates Scroll left or right to see all columns __T40\. Saint Lucia: product and statutory dates__ | Measure or condition | Verified position | Scope / source | | ---------------------------- | --------------------------------------- | -------------------------------------------------------------------- | | RUBIS listed values | $25; 50; 100; 500 | Source does not label currency ISO. [\[S26\]](#article-source-26) | | Distribution | Terminal; selected station availability | Check value-specific availability. [\[S26\]](#article-source-26) | | Use / format | Fuel; digital issuance not documented | Local physical program. [\[S26\]](#article-source-26) | | Consumer Act start date | 1 January 2022 | Act 9 of 2016; S.I. 9/2022\. [\[S113\]](#article-source-113) | | Later amendment recorded | 27 December 2023 | Official consolidated-law record. [\[S113\]](#article-source-113) | | Universal gift-card validity | Not established by reviewed evidence | No merchant term converted into law. [\[S113\]](#article-source-113) | ## Saint Vincent and the Grenadines: A physical travel gift-card program is verified; local digital delivery remains unconfirmed Saint Vincent and the Grenadines is represented by a documented travel gift-card program, rather than by an invented national market estimate. Going Places Travel [\[S38\]](#article-source-38) lists the country in its program and describes physical presentation materials. Four values appear in the country schedule: $25, $50, $100 and $200\. The source does not state an ISO currency beside that schedule, and the atlas therefore does not convert those amounts into a US-dollar comparison. The program is useful evidence of a purchasable local gift product, but it does not establish electronic issuance. Travel value also has a different redemption purpose from a general shopping voucher: the recipient needs an eligible booking or associated travel purchase. That distinction is relevant to corporate incentive design. A nominally broad travel catalogue may still require a recipient to complete a booking through the distributor rather than spend the balance directly at any airline or hotel. The government's account of consumer-law outreach in March 2023 [\[S114\]](#article-source-114) identifies the Consumer Protection Act 2020 as the national framework discussed with consumers and business operators. This is primary confirmation of the legal framework's official use, but the report is not the full statute and does not establish a special gift-card minimum validity, mandatory cash redemption or a stored-value licensing exemption. The legal record consequently stops at what that source supports. For this country, the most responsible market finding is a narrow one: a physical travel program is verified, while a locally redeemable virtual gift-card network and its volume remain unconfirmed. That evidence status should not be misread as a declaration that no other merchants issue certificates. Public documentation is incomplete, and the review did not obtain issuer-level issuance, redemption or outstanding-balance data. Those measures would improve a future country estimate; population, tourist arrivals or general digital-payment adoption would not answer the same gift-card question. ### T41\. Saint Vincent and the Grenadines: verified travel-gifting evidence Scroll left or right to see all columns __T41\. Saint Vincent and the Grenadines: verified travel-gifting evidence__ | Measure or condition | Verified position | Scope / source | | -------------------------------- | ---------------------------- | -------------------------------------------------------------------------- | | Going Places listed values | $25; 50; 100; 200 | Currency ISO not stated by publisher. [\[S38\]](#article-source-38) | | Documented format | Physical card presentation | Holder and envelope described. [\[S38\]](#article-source-38) | | Product category | Travel purchasing value | Not general-purpose money. [\[S38\]](#article-source-38) | | Local digital delivery | Not established | Physical-only evidence classification. [\[S38\]](#article-source-38) | | Legal framework identified | Consumer Protection Act 2020 | Government outreach report, March 2023\. [\[S114\]](#article-source-114) | | Gift-card-specific legal minimum | Unverified | Official news item does not establish one. [\[S114\]](#article-source-114) | ## The Bahamas: Atlantis offers electronic gift cards for specified local resort spending The Bahamas provides a well-documented hospitality example through [Atlantis Paradise Island](https://giftcard.news/company/atlantis-paradise-island/) [\[S40\]](#article-source-40). Its program offers electronic delivery by email, text message or instant messaging, as well as physical cards. This is useful evidence of a local redemption product serving travel and gifting occasions. A hotel-linked program should nevertheless be distinguished from a resident-focused grocery network: the accepted expenditure, distribution channels and purchasing audience can differ substantially. Atlantis states that its cards do not expire and are not reloadable. The published purchase policy adds no fee beyond shipping and handling where a physical card is requested. Eligible spending includes specified resort food, beverage and retail purchases and qualifying room charges, but not casino activity, flights or a security deposit. Website reservations are excluded; reservation redemption follows the program's stated telephone process. These restrictions make the acceptance description more informative than an unqualified claim that the card works throughout a resort. A material issuer distinction appears in the terms: [CARD2104, Inc.](https://giftcard.news/company/card2104-inc/) is identified as the issuer and obligor. The consumer-facing brand therefore should not automatically be recorded as the legal entity owing the stored value. The program also advertises bulk corporate purchases. This establishes a corporate distribution channel, without providing its sales, client count or share of the Bahamian market. [\[S40\]](#article-source-40). The official Consumer Protection Act [\[S115\]](#article-source-115) supplies the general consumer-law reference. The reviewed material did not establish a universal Bahamian gift-card expiry period or cash-redemption threshold. Atlantis's no-expiry promise belongs in the product column, not the national-law column. For analysis, the important finding is that digital delivery and locally redeemable hospitality value are documented together. No verified 2025 national gift-card sales total was available, and resort gift-card availability cannot support an extrapolation from tourism spending. ### T42\. The Bahamas: Atlantis product structure Scroll left or right to see all columns __T42\. The Bahamas: Atlantis product structure__ | Measure or condition | Verified position | Scope / source | | ---------------------- | ------------------------------------------------------- | ------------------------------------------------------------------- | | Delivery | Electronic and physical | Atlantis, observed September 2026\. [\[S40\]](#article-source-40) | | Expiry | None stated by program | Contractual no-expiry promise. [\[S40\]](#article-source-40) | | Reloading | Not permitted | Program term. [\[S40\]](#article-source-40) | | Purchase fee | None, excluding physical shipping / handling | Program term. [\[S40\]](#article-source-40) | | Examples of exclusions | Casino; flights; security deposits; online reservations | See full program restrictions. [\[S40\]](#article-source-40) | | Corporate channel | Bulk ordering offered | Availability, not transaction volume. [\[S40\]](#article-source-40) | ## Trinidad and Tobago: Local email vouchers and physical supermarket gift cards documented Trinidad and Tobago has evidence of both emailed merchant vouchers and a more established physical supermarket product. Trini Necessities [\[S41\]](#article-source-41) publishes digital gift vouchers priced from TTD 150 to TTD 2,000, with a one-year validity period. Its stated process uses bank transfer or deposit and email delivery. Although the description promotes instant delivery, it also says staff contact the purchaser within 24 hours to confirm the recipient's email. Current stock labels on the reviewed page were inconsistent, so the atlas documents the offer without guaranteeing immediate availability. [Massy Stores Trinidad](https://giftcard.news/company/massy-stores-trinidad/) [\[S116\]](#article-source-116) supplies a useful physical comparison. Its cards start at TTD 50, are activated in stores and support multiple purchases from a single load. The stated validity is 15 months, with earlier balance termination under specified conditions, including six months of inactivity where less than TTD 5 remains. Corporate orders are offered. These are issuer policies and should not be reported as Trinidad and Tobago's universal expiry rules. The product comparison demonstrates why the word digital needs more than a sales-page label. One offer delivers a voucher by email but involves a manual confirmation step; the other provides a stored balance with repeated spending but is acquired physically. A buyer distributing rewards remotely needs clarity on both issuance and recipient use. Neither nominal values nor a corporate-order enquiry channel disclose the size of the employer-funded market. The official e-money FAQ published by the Financial Intelligence Unit [\[S117\]](#article-source-117) explains the E-Money Issuer Order effective from 4 August 2020 and the framework for nonbank issuers. Its regulatory context must be applied to the specific instrument, especially where third-party acceptance or a wallet is involved. A closed retailer voucher should not automatically be described as an e-money account. No nationwide 2025 gift-card market size or digital share was verified. The defensible country finding is documented local digital availability, qualified by fulfilment and stock uncertainty, alongside detailed physical-card conditions. ### T43\. Trinidad and Tobago: contrasting digital and physical products Scroll left or right to see all columns __T43\. Trinidad and Tobago: contrasting digital and physical products__ | Measure or condition | Verified position | Scope / source | | ------------------------------ | ----------------------------------------------- | ---------------------------------------------------------------------------------------------- | | Trini Necessities values | TTD 150; 300; 500; 1,000; 1,500; 2,000 | Official digital-voucher page. [\[S41\]](#article-source-41) | | Digital voucher validity | 1 year | Merchant policy. [\[S41\]](#article-source-41) | | Digital delivery qualification | Recipient confirmation within 24 hours | Immediate stock availability unconfirmed. [\[S41\]](#article-source-41) | | Massy minimum | TTD 50 | Physical store activation. [\[S116\]](#article-source-116) | | Massy validity | 15 months; earlier termination conditions apply | 6 months inactivity plus balance below TTD 5 is one condition. [\[S116\]](#article-source-116) | | Massy spending | Single load; multiple transactions | Corporate ordering offered. [\[S116\]](#article-source-116) | | Regulatory framework date | 4 August 2020 | E-Money Issuer Order; scope depends on instrument. [\[S117\]](#article-source-117) | ## What the atlas means for programme design The country evidence supports a product-first approach to regional expansion. Start with the recipient's place of redemption and the merchant's actual terms, then decide how to procure and deliver the reward. A regional market forecast can inform a strategic discussion, but it cannot answer whether a recipient can use a residual balance, whether a code can be recovered after an email error, or whether a digital voucher is accepted at the store nearest to them. Those questions determine whether the promised gift remains useful after delivery. ### T44\. Programme assessment: the questions behind the country tables Scroll left or right to see all columns __T44\. Programme assessment: the questions behind the country tables__ | Decision | Evidence to obtain | Why it changes the comparison | | -------------------- | ------------------------------------------------------------------------------- | ---------------------------------------------------------------------- | | Local acceptance | The issuer's named country, merchant and eligible redemption channels | Electronic delivery does not establish local spending eligibility | | Gift format | Email, SMS, app or code instructions tied to the redeemable instrument | An online order or receipt may still require physical collection | | Partial spending | Written balance-retention and split-payment terms | A small residual balance may remain useful, become stranded or be lost | | Time limits | The exact trigger for expiry or inactivity and any extension procedure | A date measured from purchase can differ from activation or last use | | Fees | Purchase, delivery, inactivity, replacement and currency conditions | Face value and recipient spending value need not be identical | | Corporate use | Business-buyer eligibility, distribution permission, invoicing and volume terms | A consumer checkout does not establish a corporate programme contract | | Legal classification | Applicable consumer, payment, e-money, tax and sector provisions | Similar gift-card branding can sit on different underlying instruments | | Recovery and support | The party responsible for invalid codes, incorrect delivery and unused value | The retailer, issuer and reseller may have different obligations | ## Reading the legal evidence correctly There is no regional gift-card rulebook established by this research. National consumer statutes, electronic-money frameworks, payment-service rules and specific administrative interpretations have different scopes. A law governing regulated stored value may not apply in the same way to a voucher redeemable only with the selling merchant. Equally, calling a product a voucher does not by itself determine its legal treatment. The relevant analysis follows the instrument's features, fund flows and acceptance network. Each profile identifies the level of evidence obtained. An official consumer statute is reported as a legal baseline. A gift-card-specific authority statement is described within its stated jurisdiction and subject matter. A retailer's expiry, non-refundability or replacement term is labelled as a product condition. Where the research did not establish a specific expiry prohibition, the profile says so; that does not imply permission to use any expiry term, nor an absence of consumer protection. ## Methodology, data access and update priorities The geographic universe is fixed at 33 sovereign states. Dependent territories are outside this edition, even where they are included in a commercial supplier's Caribbean catalogue. [Natural Earth](https://giftcard.news/organization/natural-earth/)'s public-domain geometry [\[S118\]](#article-source-118) supplies the map shapes. The Caribbean appears in an enlarged inset with a separate scale so that all 13 island states remain selectable. Map boundaries provide navigation and do not express a position on territorial claims. Each map has its own country selector and detail panel. Hover or keyboard focus reveals a country; clicking selects it persistently so that sources and the linked national profile can be read. The selector provides a direct route to small islands. Country profiles remain available through the table of contents even when a map is not the reader's preferred way to navigate. Tables and figures have their own numbered entries, and the site's data-download control exports the article's map records, chart values, table cells and source register under the existing access policy. The most valuable future additions would be comparable national virtual-only sales, programme-level redemption and outstanding-value measures, independently documented corporate volumes, and current issuer terms in countries with physical-only evidence. Additional Statista surveys would be useful where their gift-card category, fieldwork dates, population and sample can be established. General payment statistics would not fill those gaps and are deliberately excluded from the atlas's gift-card measurements. ## Sources and research record Numbered source references throughout the text resolve to the source register below. The six Statista observations retain separate measurement notes, and every market or programme map panel provides its own evidence links. Commercial estimates, survey responses, search indicators and advertised product terms remain separate datasets. Missing values are left unavailable; no estimate has been invented for a country to complete a table or colour a map. 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Trini Necessities: Trini Necessities Digital Gift Voucher](https://trininecessities.com/products/gift-cards?utm%5Fsource=giftcard.news) — Trini Necessities * [\[S42\] Delishop: Delishop gift card](https://www.delishop.com.uy/producto/gift-card/?utm%5Fsource=giftcard.news) — Delishop * [\[S43\] Eva Store: Eva Store gift card](https://myevastore.com/products/tarjeta-de-regalo?utm%5Fsource=giftcard.news) — Eva Store * [\[S44\] Research and Markets / GlobeNewswire: Release](https://www.globenewswire.com/news-release/2026/02/20/3241874/28124/en/Latin-America-Gift-Card-Business-Report-2026-A-25-Billion-Market-by-2030-from-15-8-Billion-in-2025-Driven-by-Distribution-Control-Specialist-Intermediation-and-Super-App-Wallet-Int.html?utm%5Fsource=giftcard.news) — Research and Markets / GlobeNewswire * [\[S45\] Informes de Expertos: Publisher](https://www.informesdeexpertos.com/informes/mercado-latinoamericano-de-tarjetas-de-regalo?utm%5Fsource=giftcard.news) — Informes de Expertos * [\[S46\] 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[\[S80\] Servicio de Impuestos Internos: Tax treatment of gifts to employees](https://www.sii.cl/preguntas%5Ffrecuentes/declaracion%5Frenta/001%5F140%5F1172.htm?utm%5Fsource=giftcard.news) — Servicio de Impuestos Internos * [\[S81\] IMARC Group: Colombia gift card market outlook](https://www.imarcgroup.com/columbia-gift-card-market?utm%5Fsource=giftcard.news) — IMARC Group * [\[S82\] Ministerio de Tecnologias de la Informacion y las Comunicaciones / Superintendencia de Industria y Comercio: SIC Circular Unica, section 2.18, official MINTIC compilation](https://normograma.mintic.gov.co/mintic/compilacion/docs/circular%5Fsuperindustria%5Funica.htm?utm%5Fsource=giftcard.news) — Ministerio de Tecnologias de la Informacion y las Comunicaciones / Superintendencia de Industria y Comercio * [\[S83\] Corporacion Favorita / Supermaxi: Christmas2023 corporate plan](https://www.supermaxi.com/wp-content/uploads/2023/11/Plan-Empresarial-2023.pdf?utm%5Fsource=giftcard.news) — Corporacion Favorita / Supermaxi * [\[S84\] Ecuador Ministry of Production: Organic Consumer Defence Law](https://www.produccion.gob.ec/wp-content/uploads/2019/08/A2-LEY-ORGANICA-DE-DEFENSA-DEL-CONSUMIDOR.pdf?utm%5Fsource=giftcard.news) — Ecuador Ministry of Production * [\[S85\] Massy Stores Guyana: Massy Stores Guyana services and gift cards](https://massystoresgy.com/services/?utm%5Fsource=giftcard.news) — Massy Stores Guyana * [\[S86\] Competition and Consumer Affairs Commission: CCAC mandate and consumer law](https://ccac.gov.gy/about-us/?utm%5Fsource=giftcard.news) — Competition and Consumer Affairs Commission * [\[S87\] Unicentro: Unicentro terms and conditions](https://tienda.unicentro.com.py/bases-y-condiciones?utm%5Fsource=giftcard.news) — Unicentro * [\[S88\] Secretaria de Defensa del Consumidor y el Usuario: SEDECO frequently asked questions](https://sedeco.gov.py/preguntas-frecuentes-2/?utm%5Fsource=giftcard.news) — Secretaria de Defensa del Consumidor y el Usuario * [\[S89\] Drop The Label: Drop The Label gift card](https://dropthelabel.pe/products/gift-card?utm%5Fsource=giftcard.news) — Drop The Label * [\[S90\] El Peruano: Law29571 Consumer Protection and Defence Code](https://busquedas.elperuano.pe/dispositivo/NL/538113-1?utm%5Fsource=giftcard.news) — El Peruano * [\[S91\] Tulip Gift Cards: Tulip Gift Cards company profile2025](https://www.tulipgiftcards.com/brochure/TGC%20-%20Company%20Profile%202025.pdf?utm%5Fsource=giftcard.news) — Tulip Gift Cards * [\[S92\] Government of Suriname: Consumer protection information](https://gov.sr/ministeries/ministerie-van-economische-zaken-ondernemerschap-technologische-innovatie/consumentenbescherming/?utm%5Fsource=giftcard.news) — Government of Suriname * [\[S93\] Uruguay Ministry of Economy and Finance: Caducidad de Gift Card](https://www.gub.uy/ministerio-economia-finanzas/comunicacion/comunicados/caducidad-gift-card?utm%5Fsource=giftcard.news) — Uruguay Ministry of Economy and Finance * [\[S94\] Montevideo Portal: Montevideo Portal gift card flow](https://tienda.montevideo.com.uy/compras-giftcard?utm%5Fsource=giftcard.news) — Montevideo Portal * [\[S95\] Roselab: Roselab gift card terms](https://roselab.com.ve/terminos-condiciones-gift-card?utm%5Fsource=giftcard.news) — Roselab * [\[S96\] Venegift: Venegift terms and conditions](https://venegift.com/terminos-y-condiciones/?utm%5Fsource=giftcard.news) — Venegift * [\[S97\] Venezuela / WIPO Lex: Constitution of Venezuela, Article117](https://www.wipo.int/wipolex/es/text/235338?utm%5Fsource=giftcard.news) — Venezuela / WIPO Lex * [\[S98\] Venezuelan Ministry of Foreign Affairs: Socioeconomic rights law proposal](https://lisboa.consulado.gob.ve/2026/01/23/asamblea-nacional-impulsa-nueva-ley-para-proteger-derechos-socioeconomicos/?utm%5Fsource=giftcard.news) — Venezuelan Ministry of Foreign Affairs * [\[S99\] Government of Antigua and Barbuda: Consumer Protection Act 2025, No. 7](https://laws.gov.ag/wp-content/uploads/2025/11/No.-7-of-2025-Consumer-Protection-Act-2025.pdf?utm%5Fsource=giftcard.news) — Government of Antigua and Barbuda * [\[S100\] Platinum Wines Barbados: Platinum Wines E-Gift Cards](https://www.platinumwinesbarbados.com/collections/platinum-wines-e-gift-cards?utm%5Fsource=giftcard.news) — Platinum Wines Barbados * [\[S101\] Central Bank of Barbados: Oversight: Legal and Regulatory Framework](https://www.centralbank.org.bb/news/oversight?utm%5Fsource=giftcard.news) — Central Bank of Barbados * [\[S102\] MixMarket: Términos y condiciones, version 2](https://mixmarket.market/terminos-y-condiciones?utm%5Fsource=giftcard.news) — MixMarket * [\[S103\] Government Information Service, Dominica: OECS and Fair Trading Organisation Examine Draft Consumer Protection Bill](https://news.gov.dm/news/news-items/oecs-and-fair-trading-organisation-examine-draft-consumer-protection-bill?utm%5Fsource=giftcard.news) — Government Information Service, Dominica * [\[S104\] Pro Consumidor: Ley General de Protección de los Derechos del Consumidor o Usuario No. 358-05](https://www.proconsumidor.gob.do/files/Ley%5FGeneral%5Fde%5FProteccin%5Fde%5Flos%5FDerechos%5Fdel%5FConsumidor%5Fo%5FUsuario%5FNo%5F%5F358-05.pdf?utm%5Fsource=giftcard.news) — Pro Consumidor * [\[S105\] Parliament of Grenada: Consumer Protection Act, Act 2 of 2018](https://grenadaparliament.gd/wp-content/uploads/2021/08/Act-2-of-2018-Consumer-Protection-Act.pdf?utm%5Fsource=giftcard.news) — Parliament of Grenada * [\[S106\] TUPI: TUPI Haiti digital products marketplace](https://www.tupi-ht.com/?utm%5Fsource=giftcard.news) — TUPI * [\[S107\] Banque de la République d'Haïti: Circulaire No. 121 aux fournisseurs de services de paiement électronique](https://www.brh.ht/wp-content/uploads/Circulaire-121-FSP.pdf?utm%5Fsource=giftcard.news) — Banque de la République d'Haïti * [\[S108\] HaitiDocs, reproducing Banque de la République d'Haïti: Circular 121: extracted document text](https://www.haitidocs.org/doc/brh-circulaires-121?utm%5Fsource=giftcard.news) — HaitiDocs, reproducing Banque de la République d'Haïti * [\[S109\] Jamaica Observer: Half a billion in grocery gift cards](https://www.jamaicaobserver.com/2026/07/01/half-billion-grocery-gift-cards/?utm%5Fsource=giftcard.news) — Jamaica Observer * [\[S110\] Gift Tech Limited: Terms of Sale, version 3](https://shopgiftme.com/sale?utm%5Fsource=giftcard.news) — Gift Tech Limited * [\[S111\] Consumer Affairs Commission, Jamaica: Consumer Laws](https://cac.gov.jm/portal/index.php/consumer-laws?utm%5Fsource=giftcard.news) — Consumer Affairs Commission, Jamaica * [\[S112\] Government of Saint Christopher and Nevis, reproduced by FAOLEX: Consumer Protection Act2023, No.21](https://faolex.fao.org/docs/pdf/stk225843.pdf?utm%5Fsource=giftcard.news) — Government of Saint Christopher and Nevis, reproduced by FAOLEX * [\[S113\] Attorney General's Chambers, Saint Lucia: Consumer Protection Act: Revised Laws of Saint Lucia2023](https://attorneygeneralchambers.com/laws-of-saint-lucia/consumer-protection-act/act?utm%5Fsource=giftcard.news) — Attorney General's Chambers, Saint Lucia * [\[S114\] Government of Saint Vincent and the Grenadines / Agency for Public Information: Consumer Protection Act of2020 Explained at Town Hall Meeting in Biabou](https://www.gov.vc/index.php/media-center/3071-consumer-protection-act-of-2020-explained-at-town-hall-meeting-in-biabou?utm%5Fsource=giftcard.news) — Government of Saint Vincent and the Grenadines / Agency for Public Information * [\[S115\] Government of The Bahamas: Consumer Protection Act, Chapter 337C](https://laws.bahamas.gov.bs/cms/images/LEGISLATION/PRINCIPAL/2007/2007-0007/2007-0007.pdf?utm%5Fsource=giftcard.news) — Government of The Bahamas * [\[S116\] Massy Stores Trinidad: Massy Gift Cards](https://massystorestt.com/massy-gift-cards/?utm%5Fsource=giftcard.news) — Massy Stores Trinidad * [\[S117\] Financial Intelligence Unit of Trinidad and Tobago / Central Bank of Trinidad and Tobago: E-money Frequently Asked Questions](https://fiu.gov.tt/wp-content/uploads/30%5FSept%5F2020%5FE-money-FAQ-33x7-1.pdf?utm%5Fsource=giftcard.news) — Financial Intelligence Unit of Trinidad and Tobago / Central Bank of Trinidad and Tobago * [\[S118\] Natural Earth's public-domain geometry](https://github.com/nvkelso/natural-earth-vector/blob/v5.1.1/geojson/ne%5F50m%5Fadmin%5F0%5Fcountries.geojson?utm%5Fsource=giftcard.news) — Natural Earth ## In this article ### Companies * [AR Retail](https://giftcard.news/company/ar-retail/) * [ArticoliPTY](https://giftcard.news/company/articolipty/) * [Atlantis Paradise Island](https://giftcard.news/company/atlantis-paradise-island/) * [BOSI](https://giftcard.news/company/bosi/) * [CARD2104, Inc.](https://giftcard.news/company/card2104-inc/) * [Cafetano](https://giftcard.news/company/cafetano/) * [Caribbean Shrimp](https://giftcard.news/company/caribbean-shrimp/) * [Cencosud](https://giftcard.news/company/cencosud/) * [Comercio Digital Wal-Mart](https://giftcard.news/company/comercio-digital-wal-mart/) * [Corporacion Favorita](https://giftcard.news/company/corporacion-favorita/) * [Dapper](https://giftcard.news/company/dapper/) * [Delishop](https://giftcard.news/company/delishop/) * [Divana](https://giftcard.news/company/divana/) * [Drop The Label](https://giftcard.news/company/drop-the-label/) * [Easy](https://giftcard.news/company/easy/) * [Eva Store](https://giftcard.news/company/eva-store/) * [G.Store Guatemala](https://giftcard.news/company/g-store-guatemala/) * [Gift Tech Limited](https://giftcard.news/company/gift-tech-limited/) * [Giftealo](https://giftcard.news/company/giftealo/) * [Giftme](https://giftcard.news/company/giftme/) * [GlobeNewswire](https://giftcard.news/company/globenewswire/) * [Going Places Travel](https://giftcard.news/company/going-places-travel/) * [Google](https://giftcard.news/company/google/) * [Grupo Piramide](https://giftcard.news/company/grupo-piramide/) * [IJustPayOne](https://giftcard.news/company/ijustpayone/) * [IMARC Group](https://giftcard.news/company/imarc-group/) * [Informes de Expertos](https://giftcard.news/company/informes-de-expertos/) * [Intelec](https://giftcard.news/company/intelec/) * [Justa Osadia](https://giftcard.news/company/justa-osadia/) * [La Colonia Nicaragua](https://giftcard.news/company/la-colonia-nicaragua/) * [Lady Lee](https://giftcard.news/company/lady-lee/) * [Line Up Rewards](https://giftcard.news/company/line-up-rewards/) * [Little Good Harbour](https://giftcard.news/company/little-good-harbour/) * [Lojas Renner](https://giftcard.news/company/lojas-renner/) * [MMG](https://giftcard.news/company/mmg/) * [Massy Stores Guyana](https://giftcard.news/company/massy-stores-guyana/) * [Massy Stores Trinidad](https://giftcard.news/company/massy-stores-trinidad/) * [Mastercard](https://giftcard.news/company/mastercard/) * [MayaBags](https://giftcard.news/company/mayabags/) * [MixMarket](https://giftcard.news/company/mixmarket/) * [Montevideo Portal](https://giftcard.news/company/montevideo-portal/) * [Nitecore Costa Rica](https://giftcard.news/company/nitecore-costa-rica/) * [OXXOGAS](https://giftcard.news/company/oxxogas/) * [PayNXT360](https://giftcard.news/company/paynxt360/) * [Pichincha Miles](https://giftcard.news/company/pichincha-miles/) * [Picodi](https://giftcard.news/company/picodi/) * [Platinum Wines Barbados](https://giftcard.news/company/platinum-wines-barbados/) * [Progressive Grocers](https://giftcard.news/company/progressive-grocers/) * [Provincia Compras](https://giftcard.news/company/provincia-compras/) * [RUBIS Caribbean](https://giftcard.news/company/rubis-caribbean/) * [Research and Markets](https://giftcard.news/company/research-and-markets/) * [Roselab](https://giftcard.news/company/roselab/) * [Sam’s Club](https://giftcard.news/company/sam-s-club/) * [Servicio UniTeller](https://giftcard.news/company/servicio-uniteller/) * [Servicios Gasolineros de Mexico](https://giftcard.news/company/servicios-gasolineros-de-mexico/) * [Siman](https://giftcard.news/company/siman/) * [SmartCard Panama](https://giftcard.news/company/smartcard-panama/) * [St. Kitts-Nevis-Anguilla National Bank](https://giftcard.news/company/st-kitts-nevis-anguilla-national-bank/) * [Statista](https://giftcard.news/company/statista/) * [Sunseakers and Gingerlily](https://giftcard.news/company/sunseakers-and-gingerlily/) * [Supermaxi](https://giftcard.news/company/supermaxi/) * [TUPI](https://giftcard.news/company/tupi/) * [The Atlantis Historic Inn](https://giftcard.news/company/the-atlantis-historic-inn/) * [The Fish Pot Restaurant](https://giftcard.news/company/the-fish-pot-restaurant/) * [The Soft Life Spa](https://giftcard.news/company/the-soft-life-spa/) * [Trini Necessities](https://giftcard.news/company/trini-necessities/) * [TuNicaragua](https://giftcard.news/company/tunicaragua/) * [Tulip Gift Cards](https://giftcard.news/company/tulip-gift-cards/) * [Tulip Supermarket](https://giftcard.news/company/tulip-supermarket/) * [U.S. Polo Assn.](https://giftcard.news/company/u-s-polo-assn/) * [Unicentro](https://giftcard.news/company/unicentro/) * [Venegift](https://giftcard.news/company/venegift/) * [Virtual Incentives](https://giftcard.news/company/virtual-incentives/) * [Walmart](https://giftcard.news/company/walmart/) * [Zedani](https://giftcard.news/company/zedani/) * [n1co](https://giftcard.news/company/n1co/) * [uLink](https://giftcard.news/company/ulink/) ### Organizations * [Agency for Public Information](https://giftcard.news/organization/agency-for-public-information/) * [Attorney General's Chambers, Saint Lucia](https://giftcard.news/organization/attorney-general-s-chambers-saint-lucia/) * [Banco Central de Nicaragua](https://giftcard.news/organization/banco-central-de-nicaragua/) * [Banco de Mexico](https://giftcard.news/organization/banco-de-mexico/) * [Banque de la République d'Haïti](https://giftcard.news/organization/banque-de-la-republique-d-haiti/) * [Camara de Diputados](https://giftcard.news/organization/camara-de-diputados/) * [Central Bank of Barbados](https://giftcard.news/organization/central-bank-of-barbados/) * [Central Bank of Belize](https://giftcard.news/organization/central-bank-of-belize/) * [Central Bank of Trinidad and Tobago](https://giftcard.news/organization/central-bank-of-trinidad-and-tobago/) * [Competition and Consumer Affairs Commission](https://giftcard.news/organization/competition-and-consumer-affairs-commission/) * [Consumer Affairs Commission, Jamaica](https://giftcard.news/organization/consumer-affairs-commission-jamaica/) * [DIACO](https://giftcard.news/organization/diaco/) * [Defensoria del Consumidor, El Salvador](https://giftcard.news/organization/defensoria-del-consumidor-el-salvador/) * [Ecuador Ministry of Production](https://giftcard.news/organization/ecuador-ministry-of-production/) * [El Peruano](https://giftcard.news/organization/el-peruano/) * [FAOLEX](https://giftcard.news/organization/faolex/) * [Financial Intelligence Unit of Trinidad and Tobago](https://giftcard.news/organization/financial-intelligence-unit-of-trinidad-and-tobago/) * [Government Information Service, Dominica](https://giftcard.news/organization/government-information-service-dominica/) * [Government of Antigua and Barbuda](https://giftcard.news/organization/government-of-antigua-and-barbuda/) * [Government of Argentina](https://giftcard.news/organization/government-of-argentina/) * [Government of Saint Christopher and Nevis](https://giftcard.news/organization/government-of-saint-christopher-and-nevis/) * [Government of Saint Vincent and the Grenadines](https://giftcard.news/organization/government-of-saint-vincent-and-the-grenadines/) * [Government of Suriname](https://giftcard.news/organization/government-of-suriname/) * [Government of The Bahamas](https://giftcard.news/organization/government-of-the-bahamas/) * [HaitiDocs](https://giftcard.news/organization/haitidocs/) * [Jamaica Observer](https://giftcard.news/organization/jamaica-observer/) * [Ministerio de Tecnologias de la Informacion y las Comunicaciones](https://giftcard.news/organization/ministerio-de-tecnologias-de-la-informacion-y-las-comunicaciones/) * [Natural Earth](https://giftcard.news/organization/natural-earth/) * [Organization of American States](https://giftcard.news/organization/organization-of-american-states/) * [Parliament of Grenada](https://giftcard.news/organization/parliament-of-grenada/) * [Presidency of Brazil](https://giftcard.news/organization/presidency-of-brazil/) * [Pro Consumidor](https://giftcard.news/organization/pro-consumidor/) * [Procuraduria General de la Republica, Costa Rica](https://giftcard.news/organization/procuraduria-general-de-la-republica-costa-rica/) * [Procuraduria de la Administracion, Panama](https://giftcard.news/organization/procuraduria-de-la-administracion-panama/) * [Secretaria de Defensa del Consumidor y el Usuario](https://giftcard.news/organization/secretaria-de-defensa-del-consumidor-y-el-usuario/) * [Secretaria de Desarrollo Economico, Honduras](https://giftcard.news/organization/secretaria-de-desarrollo-economico-honduras/) * [Servicio de Impuestos Internos](https://giftcard.news/organization/servicio-de-impuestos-internos/) * [Superintendencia de Industria y Comercio](https://giftcard.news/organization/superintendencia-de-industria-y-comercio/) * [Uruguay Ministry of Economy and Finance](https://giftcard.news/organization/uruguay-ministry-of-economy-and-finance/) * [Venezuelan Ministry of Foreign Affairs](https://giftcard.news/organization/venezuelan-ministry-of-foreign-affairs/) * [World Intellectual Property Organization](https://giftcard.news/organization/world-intellectual-property-organization/) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Flatam-digital-gift-card-markets%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Digital%20Gift%20Cards%20in%20Latin%20America%20and%20the%20Caribbean%3A%20A%2033-Country%20Research%20Atlas "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Flatam-digital-gift-card-markets%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Digital%20Gift%20Cards%20in%20Latin%20America%20and%20the%20Caribbean%3A%20A%2033-Country%20Research%20Atlas%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Flatam-digital-gift-card-markets%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Oliver Reed](https://giftcard.news/images/variants/v1/oliver-reed-editorial-portrait-w320.webp) About the author ## [Oliver Reed](https://giftcard.news/author/oliver-reed/) Journalist — Industry Deals & Research Oliver Reed covers industry acquisitions, investment and market research for Gift Card News. ## Related articles [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [MENA’s Digital Gift Card Markets: A Country-by-Country Research Atlas](https://giftcard.news/research-trends/mena-digital-gift-card-markets/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 18, 2026 66 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [India’s Digital Gift Card Market: Growth, Consumers and Regulation](https://giftcard.news/research-trends/india-digital-gift-card-market/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 18, 2026 30 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [AI Can Shop for You. Can It Spend Your Gift Cards?](https://giftcard.news/research-trends/ai-can-shop-for-you-can-it-spend-your-gift-cards/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 17, 2026 17 min From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) **In this report** 1. [How to read the evidence](#article-section-how-to-read-the-evidence) 2. [National market estimates and their limits](#article-section-national-market-estimates-and-their-limits) 3. [Statista: gift preferences and seasonal search interest](#article-section-statista-gift-preferences-and-seasonal-search-interest) 4. [Where local digital gift programmes are documented](#article-section-where-local-digital-gift-programmes-are-documented) 5. [Why the published regional totals do not reconcile](#article-section-why-the-published-regional-totals-do-not-reconcile) 6. [Cross-border distribution and the local redemption question](#article-section-cross-border-distribution-and-the-local-redemption-question) 7. [Mexico and Central America: country profiles](#article-section-mexico-and-central-america-country-profiles) 8. [Belize: local eGift evidence without a defensible national market total](#article-section-belize-local-egift-evidence-without-a-defensible-national-market-total) 9. [Costa Rica: digital delivery alongside a documented corporate retail-card channel](#article-section-costa-rica-digital-delivery-alongside-a-documented-corporate-retail-card-channel) 10. [El Salvador: digital vouchers require attention to single-use redemption](#article-section-el-salvador-digital-vouchers-require-attention-to-single-use-redemption) 11. [Guatemala: local eGift issuance and a separate international distribution channel](#article-section-guatemala-local-egift-issuance-and-a-separate-international-distribution-channel) 12. [Honduras: a local digital gift can be redeemable at a physical counter](#article-section-honduras-a-local-digital-gift-can-be-redeemable-at-a-physical-counter) 13. [Mexico: a measurable national market with distinct retail and digital products](#article-section-mexico-a-measurable-national-market-with-distinct-retail-and-digital-products) 14. [Nicaragua: distinguish domestic redemption from the distributor's selling currency](#article-section-nicaragua-distinguish-domestic-redemption-from-the-distributor-s-selling-currency) 15. [Panama: issuer expiry policies differ within the same market](#article-section-panama-issuer-expiry-policies-differ-within-the-same-market) 16. [South America: country profiles](#article-section-south-america-country-profiles) 17. [Argentina: separate digital delivery from the right to spend online](#article-section-argentina-separate-digital-delivery-from-the-right-to-spend-online) 18. [Bolivia: local digital distribution exists, but catalogue breadth is not market size](#article-section-bolivia-local-digital-distribution-exists-but-catalogue-breadth-is-not-market-size) 19. [Brazil: the largest measured South American market in this source set](#article-section-brazil-the-largest-measured-south-american-market-in-this-source-set) 20. [Chile: mature programme documentation, forecast revisions and employee taxation](#article-section-chile-mature-programme-documentation-forecast-revisions-and-employee-taxation) 21. [Colombia: competing market estimates and a specific voucher-rule verification boundary](#article-section-colombia-competing-market-estimates-and-a-specific-voucher-rule-verification-boundary) 22. [Ecuador: digital supermarket gifting with product-specific restrictions](#article-section-ecuador-digital-supermarket-gifting-with-product-specific-restrictions) 23. [Guyana: e-gift cards with recipients outside the issuer's account base](#article-section-guyana-e-gift-cards-with-recipients-outside-the-issuer-s-account-base) 24. [Paraguay: local emailed cards and the limits of online acceptance](#article-section-paraguay-local-emailed-cards-and-the-limits-of-online-acceptance) 25. [Peru: distinguish a choice voucher from the merchant card it buys](#article-section-peru-distinguish-a-choice-voucher-from-the-merchant-card-it-buys) 26. [Suriname: do not transfer a physical network's reach to its digital card](#article-section-suriname-do-not-transfer-a-physical-network-s-reach-to-its-digital-card) 27. [Uruguay: an expiry label does not settle the fate of prepaid value](#article-section-uruguay-an-expiry-label-does-not-settle-the-fate-of-prepaid-value) 28. [Venezuela: domestic merchant cards and foreign codes are different markets](#article-section-venezuela-domestic-merchant-cards-and-foreign-codes-are-different-markets) 29. [The Caribbean: country profiles](#article-section-the-caribbean-country-profiles) 30. [Antigua and Barbuda: Locally redeemable email gift cards verified at Sunseakers and Gingerlily](#article-section-antigua-and-barbuda-locally-redeemable-email-gift-cards-verified-at-sunseakers-and-gingerl) 31. [Barbados: Local digital cards verified in hospitality and online wine retail](#article-section-barbados-local-digital-cards-verified-in-hospitality-and-online-wine-retail) 32. [Cuba: MixMarket documents digital gift cards redeemable within its Cuban retail network](#article-section-cuba-mixmarket-documents-digital-gift-cards-redeemable-within-its-cuban-retail-network) 33. [Dominica: Local certificates and a physical travel gift-card program verified; digital delivery unconfirmed](#article-section-dominica-local-certificates-and-a-physical-travel-gift-card-program-verified-digital-deliv) 34. [Dominican Republic: LineUp documents local digital gift cards with website-specific redemption](#article-section-dominican-republic-lineup-documents-local-digital-gift-cards-with-website-specific-redempt) 35. [Grenada: RUBIS fuel gift cards verified; electronic issuance not documented](#article-section-grenada-rubis-fuel-gift-cards-verified-electronic-issuance-not-documented) 36. [Haiti: Foreign-brand digital-code distribution verified; domestic merchant acceptance not established](#article-section-haiti-foreign-brand-digital-code-distribution-verified-domestic-merchant-acceptance-not-es) 37. [Jamaica: Giftme documents a local eGift platform and material corporate and grocery use](#article-section-jamaica-giftme-documents-a-local-egift-platform-and-material-corporate-and-grocery-use) 38. [Saint Kitts and Nevis: National Bank gift prepaid cards verified; electronic delivery unconfirmed](#article-section-saint-kitts-and-nevis-national-bank-gift-prepaid-cards-verified-electronic-delivery-unconf) 39. [Saint Lucia: RUBIS local fuel gift cards verified; digital fulfilment not documented](#article-section-saint-lucia-rubis-local-fuel-gift-cards-verified-digital-fulfilment-not-documented) 40. [Saint Vincent and the Grenadines: A physical travel gift-card program is verified; local digital delivery remains unconfirmed](#article-section-saint-vincent-and-the-grenadines-a-physical-travel-gift-card-program-is-verified-local-dig) 41. [The Bahamas: Atlantis offers electronic gift cards for specified local resort spending](#article-section-the-bahamas-atlantis-offers-electronic-gift-cards-for-specified-local-resort-spending) 42. [Trinidad and Tobago: Local email vouchers and physical supermarket gift cards documented](#article-section-trinidad-and-tobago-local-email-vouchers-and-physical-supermarket-gift-cards-documented) 43. [What the atlas means for programme design](#article-section-what-the-atlas-means-for-programme-design) 44. [Reading the legal evidence correctly](#article-section-reading-the-legal-evidence-correctly) 45. [Methodology, data access and update priorities](#article-section-methodology-data-access-and-update-priorities) 46. 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