MyRegistry.com Launches a Stored Value Digital Wallet to Drive Additional Retail Opportunity in the Global Gifting Economy

MyRegistry.com, the leading universal gift registry software provider in the US and Canada, has launched a Stored Value Digital Wallet that delivers a more flexible gifting experience for retailers in their ambitions to capture a greater share of the overall gifting market. Group Publishing, a religious publisher and e-commerce company, is the first retailer servicing churches and nonprofits to make the new Stored Value Digital Wallet available to its customers.

FORT LEE, N.J., Jan. 27, 2023 /PRNewswire-PRWeb/ -- MyRegistry.com, the leading universal gift registry software provider in the US and Canada, has launched a Stored Value Digital Wallet that delivers a more flexible gifting experience for retailers in their ambitions to capture a greater share of the overall gifting market. Group Publishing, a religious publisher and e-commerce company, is the first retailer servicing churches and nonprofits to make the new Stored Value Digital Wallet available to its customers.

"MyRegistry.com's Stored Value Digital Wallet is a groundbreaking innovation for retailers and we expect to add many more retailers to the platform. The global gifting economy is over $400 billion in size. Our newly launched Stored Value Digital Wallet provides retailers the opportunity to increase their share of that market," said Nancy Lee, President of MyRegistry.com.

"The addition of the Stored Value Digital Wallet to the MyRegistry.com gifting software offering on our platform does two things that our customer base wanted. One, it allows them to create a gift list where their donors select the items they want to give, so they are engaged with providing for their church's ministry, and two, it provides greater flexibility for the church ministry, as the Stored Value Digital Wallet allows them to better align their resources to their actual need," commented Rocky Gilmore, Chief Operating Officer at Group Publishing.

The latest innovation from MyRegistry.com deployed by Group Publishing is a much needed and effective tool for additional revenue generation. Church organizations create a registry or a gift list on Group's website and select all the items they would like to have purchased by donors on their behalf. When the registry is shared by the church with its members, they can choose which items they'd like to donate. After the selection is made, the value of those items when purchased – not the actual items – is made available to the church via their Stored Value Digital Wallet with Group. By giving customers the value of the items purchased, the Stored Value Digital Wallet allows Group's customers to better manage the outcomes of their fundraising efforts and get all specific material and quantities they need from Group.

Group Publishing serves tens of thousands of churches across the world from the smallest to the largest of church organizations. MyRegistry.com's Stored Value Digital Wallet is highly scalable and can handle transactions of any size and any quantity.

"Whether a retailer's customers are churches, like our partner Group Publishing, newly engaged couples or moms to be, when implementing the Stored Value Digital Wallet, retailers can capture more revenue when their customers have the added flexibility of choosing to either get exactly what they requested, or the value of the items, so they can manage their own purchases," ended Lee.

About My Registry.com
MyRegistry.com is the largest universal gift registry software provider to U.S. and Canadian retailers. Businesses that use the company's customizable, scalable, end-to-end gift registry solution are able to tap the massive (and growing!) gift industry. Easy to implement, cost-effective, and quick to market, with precise reporting and an optional in-store kiosk system, a universal gift registry powered by MyRegistry.com is the next digital utility for retailers of all sizes. MyRegistry.com - All stores, One registry.®

About Group Publishing
For over 45 years, Group Publishing has been serving the Christian church. We're a team of people who create experiences with one goal in mind: to help people grow in relationship with Jesus and each other. We create an endless stream of ideas, lessons, events, and service opportunities for the ever-transforming world of church ministry. The bottom line: We love the church! And we're doing everything we can to equip ministry leaders and volunteers to do best what matters most—loving God and loving others. Check out Group.com for more information.

Media Contact

Nivi Chakravorty, MyRegistry.com, 1 201 886 1000, [email protected]

SOURCE MyRegistry.com