Gift Cards are proving to be increasingly popular, providing people with a simple, yet effective gift- buying opti on. Open-loop Gift Cards can be used in the majority of online shops and high street stores – in the same way as normal Debit and Credit Cards. 10th January 2020 is the deadline for the 5th Anti-Money Laundering Directive (AMLD5) and this new regulation has consequences for the payments space, including gift cards. From this date onwards, in order to activate a gift card with €150 or more on it, the individual will be required to provide customer identification.


United Kingdom


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