Mobi724 Global Solutions (TSX-V: MOS) is a fintech platform, which enables banks and merchants to offer real-time payment card-linked incentives, in a white-label format. Mobi724’s objective is to add a layer of AI-enhanced actionable intelligence to every payment transaction, creating engaging consumer experiences & generating incremental commercial opportunities to its clients.
Market Trends & Mobi724 Opportunity
- In 2022 the global rewards market is forecasted to surpass US$200B.
- Nearly 50% of cardholders report a willingness to switch cards in a search for better customer experience.
- Global spend on payment cards is expected to surpass US$45T by 2023.
- New generations of cardholders demand rewards systems, which enable a high degree of personalization and greater flexibility on how & when rewards and offers are redeemed. Many banks don’t engage their cardholders in a meaningful way using individualized offers, thus missing-out on opportunities to drive financial performance and share of wallet of their payment card portfolios; not monetizing their transaction data to the full extent.
- There is a substantial market for interactive, engaging, and profitable solutions for payment cards issuing banks to recognize, interact with and reward cardholders.
- To commercialize this opportunity, Mobi724 developed our processing platform of data-driven, AI-enhanced card-linked incentives, offered white-label to card issuing banks, payment networks & merchants.
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