01:29:31 EDT Wed 24 Apr 2024
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or Name
USA
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Mobi724 Global Solutions Inc
Symbol MOS
Shares Issued 191,493,648
Close 2018-09-26 C$ 0.095
Market Cap C$ 18,191,897
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Mobi724 signs rewards deal with MercadoLibre

2018-09-26 10:49 ET - News Release

Mr. Marcel Vienneau reports

MOBI724 SIGNS A COMMERCIAL AGREEMENT WITH MERCADOLIBRE TO IMPLEMENT ITS' CARD-LINKED OFFERS & REWARDS PLATFORM

Mobi724 Global Solutions Inc.'s wholly owned Argentine subsidiary, Mobi724 SRL, has signed a commercial agreement with MercadoLibre SRL, Argentina's largest on-line marketplace platform, to implement Mobi724's suite of integrated card-link and loyalty solutions with MercadoLibre's on-line payments platform, MercadoPago.

Mobi724's card and QR code linked offers and rewards platform will permit members of MercadoPago to redeem discounts and coupons at a point of sale, when scanning the QR code at a point of sale, or using MercadoPago's prepaid card, in a single transaction and in a seamless customer experience.

Mobi724's card and QR code linked offers and rewards platform will also allow third party benefits and users of the rewards programs the option to redeem their points through MercadoPago, and to take advantage of available offers, directly at the point of sale at participating retailers.

Marcel Vienneau, chief executive officer of Mobi724, stated: "We are very excited about the opportunity to launch our platform with the leading e-commerce payment platform in Argentina, and to be able to provide MercadoLibre with our innovative card-linked offers and rewards solutions; to enhance the shopping experience of MercadoPago's members and to generate incremental revenues for such a large Pan-Latin American corporation."

About Mobi724 Global Solutions Inc.

Mobi724, a global financial technology company, offers a fully integrated suite of multiple payment-card-linked, digital marketing and business intelligence solutions, which work with any payment card, on any mobile device and at any point-of-sale; and a mobile EMV-compliant payment platform. Mobi724 provides turnkey solutions for card associations, card issuers, banks, retailers, manufacturers, offer providers, to create, manage, deliver, and track and measure incentive campaigns worldwide in real time. The company captures value from big data to deliver seamless and personalized user experiences for the benefits of all parties in the ecosystem. Mobi724's headquarters is in Montreal, Canada, and the company presently has operations in North and Latin America, the Caribbean, and Asia Pacific.

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