The UK’s leading multi-redemption voucher and prepaid gift card business

Marks & Spencer to join flexecash

28 February 2012

Marks & Spencer to join flexecash® Gift Card Platform and accept Love2shop for Christmas 2012

Park Group (AIM: PKG.L, "Park"), the UK's leading gift voucher and prepaid card provider, is pleased to announce that Marks & Spencer is the latest in a string of high-profile retailers who have agreed to accept Park's flexecash® cards sold in Park's Consumer markets. Marks & Spencer intends to begin accepting the cards in time for the Christmas 2012 trading period.

Launched in June 2010, flexecash® is now accepted by nearly 40 major name retailer brands as a payment method at their tills. Marks & Spencer joins a list which includes: Argos, Boots, Debenhams, HMV, Iceland, Comet, BHS, Toys R Us, New Look and River Island. Over £73 million in flexecash® value has been issued since launch.

Commenting on the agreement, Chris Houghton, Group Managing Director of Park Group said: "We are delighted to reach an agreement with such a major household name as Marks & Spencer. The addition of Marks & Spencer to our retail roster is another important step in the development of the flexecash® platform."

He added:  "The shift from paper to plastic in gift giving has already started in earnest. The addition of Marks & Spencer as a redemption option on our flexecash® platform, in time for Christmas 2012, will help drive this continued change in customer behaviour."