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Background

With the increasing trend of electronic commerce, the use of prepaid vouchers and gift cards has increased exponentially not only in B2C transactions but also in B2B transactions. Vouchers are instruments which are redeemable on its face value against supply of goods or services. For example, multi-brand retailers supply gift cards to its customers which can be redeemed against purchase of merchandise of their brand of value equal to the face value as printed on such gift card....