Press release -
Introducing The First Multi-Brand Vegan Gift Card - epay UK takes a significant step towards supporting the growth of the vegan industry
epay, a division of Euronet (NASDAQ: EEFT), today announced the launch of the UK's first flexible vegan gift card. This new product is a multi-branded gift card, featuring a carefully curated selection of established vegan-friendly brands, ensuring a range of options for recipients. It also introduces some exciting new vegan-only brands, giving customers the opportunity to discover and support growing businesses in the vegan industry. The first of its kind in the UK, it is available in both physical and online formats, making it accessible to all. Customers can conveniently find the Vegan Gift Card in high street retailers, including popular stores such as Argos. The gift card format allows recipients to easily redeem their gift card online, giving them the flexibility to shop at their convenience.
The addition of the Vegan Gift Card to epay's extensive gift card portfolio of over 1,000 international and local brands marks epay's entry into a growing and promising market. For epay's large retail partner network, they can add an attractive new gift card product to their range of prepaid products and generate additional revenue from the vegan lifestyle trend. According to a recent study, the UK vegan food market is growing by 9.58% as 40% of consumers demand plant-based alternatives to meat. The global market for plant-based proteins is expected to grow by 6.9% to $21.69 billion by 2031 (1).
"As the demand for vegan products and services continues to grow, we took an opportunity to provide the growing vegan community with a convenient and versatile gifting option. We believe the Vegan Gift Card will be a game-changer for both vegans and those looking for the perfect gift for their vegan friends and family. The launch of this product aims to complement the growth of vegan-friendly businesses," said Richard Robertson, Managing Director of epay UK, a Euronet company.
For more information, please visit www.thevegangiftcard.com
(1) Source: straitsresearch.com/report/plant-based-protein-market
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About epay
epay, a segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a leading global provider of payment processing and prepaid solutions that processed 3.8 billion transactions in 2023. The company has built an extensive network of retailer touchpoints with 821,000 point-of-sale terminals in 62 countries that connect brands with consumers all over the world. The company offers a diverse ecosystem of services, products and solutions supporting the distribution of Payment and Branded Payments for more than 1,000 brand partners via Commerce, eCommerce and mCommerce solutions. For more information, visit www.epayworldwide.com.
