Mobi724 Global Solutions and First Data International Subsidiaries Sign Commercial Agreement

Mobi724 S.R.L. Inc. (Mobi724 Argentina), an Argentinian subsidiary of Mobi724 Global Solutions Inc. (Mobi724 Global) (TSXV:MOS), has signed a commercial agreement with First Data Cono Sur S.R.L. First Data Cono Sur S.R.L., a subsidiary of First Data International Inc., is also located in Argentina.
According to the press release, the partnership will:

route [Mobi724] transactions and offer its innovative solutions to First Data’s partner banks and retailer clients.
The integration of the Mobi724 platform with First Data’s gateway will allow immediate authorization of coupons and/or rewards redemptions.
This agreement will enable First Data and Mobi724 Argentina to offer Mobi724’s Digital Incentive Engine and services platform to retailers, offer providers, mobile operators and card issuers to create, manage, deliver and authorize incentive campaigns to ANY mobile device or payment card.

According to Mobi724 Global CEO Marcel Vienneau:

The agreement with First Data Cono Sur S.R.L. will allow us to bring our solution to every Point of Sale where First Data is connected in Argentina, enabling the use of the Mobi724 platform for redemption of card linked coupons and rewards in a seamless transaction process for both their banks and merchants. This will enable us to accelerate our market growth with their banks’ card portfolios. This white label solution will enhance the traction in retail sales and follows the growing trend in consumer buying behavior based on promotions and coupons.

Click here to read the full press release.