Abstract: This invention relates to a voucher system and method for generating and redeeming vouchers. The voucher system includes a generation module adapted to generate a voucher code upon a request of a purchaser and a redemption module adapted to utilize the voucher code such that a recipient, upon validation of the voucher code, accesses the associated items. The voucher code is associated with at least two items selected by the purchaser. The generation module allows the purchaser to select an item to be associated with the voucher code from a wish-list of the purchaser or the recipient. Upon redeeming the voucher, the recipient receives the associated items at a designated user account.