SYDNEY, AUSTRALIA: IncentiaPay Ltd (ASX:INP) has signed a second main settlement for its Seamless Rewards B2B2C enterprise with OpenSparkz.OpenSparkz is a chief in loyalty and rewards digital innovation and its platform enables enterprises and monetary establishments to speed up improvements that energy buyer acquisition and engagement.
OpenSparkz provides its technology to a number of industry-leading establishments globally and the settlement gives IncentiaPay entry to a big end-customer base.
This settlement with OpenSparkz follows IncentiaPay’s first main settlement with Verrency Australia Pty Ltd, a chief in digital funds innovation, in early March 2022.
As a results of the 2 deals, IncentiaPay now has entry to a big viewers of finish customers for its Seamless Rewards business.
IncentiaPay’s Seamless Rewards program offers Card Linked Offer-compatible Merchant content material services that are provided via channel companions like OpenSparkz and Verrency, and Enterprise Loyalty program operators such as banks or different enterprises.
The agreement, structured as a binding term-sheet, will see INP and OpenSparkz combine with every other’s platform that will allow OpenSparkz to distribute the INP’s service provider content material to end- customers of its enterprise clients through an Application Programming Interface (API).
INP will have transaction-linked income publicity every time a card holder transacts and makes use of a linked card at an INP merchant. INP Seamless Rewards Merchants will have publicity to a big viewers to extend footfalls to their business.
IncentiaPay’s CEO, Ani Chakraborty said: “We are thrilled to safe this second main settlement for our Seamless Rewards enterprise with OpenSparkz and to proceed to ship on our stated growth strategy. This second settlement builds significant momentum on this transformational new enterprise segment for our Company. Seamless Rewards provides us with significant distribution of our service provider offer content material and enhances the diversity of our revenue. This provides us with transformational growth potential, with publicity to a $1 billion+ market.”
OpenSparkz CEO, Terry McMullen added: “This settlement is significant because it permits OpenSparkz to leverage its payment linked offer platform for the profit of our customers who’re looking for valuable service provider offer content material to energy their buyer engagement strategies, together with loyalty and rewards programs.”
About IncentiaPay
Through its Entertainment-branded subsidiaries, IncentiaPay provides a market for offers and rewards which connects retailers wanting extra enterprise with consumers seeking entertainment, lifestyle and leisure experiences at nice value.
Founded in 1994, Entertainment (part of IncentiaPay) is a trusted and iconic supply of member-only offers and offers that manages the largest and most complete quantity of entertainment-related service provider content. It provides fundraisers, retailers and enterprises with superior data and marketing campaign analytics and markets to the largest closed-group of subscription-paying members in Australia and New Zealand.
IncentiaPay generates income through member subscription charges and market options that present data-as-a-service and focused marketing campaign worth to merchants, enterprise and fundraising partners.
About OpenSparkz
OpenSparkz is a global loyalty and offers-enablement platform. Its platform powers any rewards program globally, from native SME programs to multi-country programs, harnessing the worth of beforehand unavailable real-time payment data to change shopping behaviour by utilizing real-time, payment-linked rewards.
Their market main Payment Linked Rewards solution is built-in via API with main payment schemes. Equally efficient for each Online and Offline sales, the platform is extremely scalable and can be quickly deployed in any market globally.
For Rewards Program Operators, collectively spending US$121 billion on rewards technology and management, OpenSparkz helps them use Payment Linked Rewards to each drive and deepen consumer engagement by providing seamless, related rewards and capturing personalised, real-time transactional data. www.opensparkz.tech