Abstract: The invention relates to a method and system for Industry Gift Voucher (IGV) management in fence networks. The method includes determining a base value, a unique alphanumeric key, and an expiration date to create an IGV; assigning an ownership of the IGV to a first user upon receiving a purchase request from the first user and required information of the first user; transferring the ownership of the IGV to a second user upon receiving a gift request from the first user and required information of the second user; and facilitating redemption of the IGV to the second user to utilize the IGV through at least one enterprise of a plurality of enterprises associated with one of the fence networks, wherein the IGV is circulated within the fence networks.