MOBI724 Signs a Commercial Agreement With MercadoLibre to Implement its’ Card-Linked Offers & Rewards Platform

Mobi724 Global Solutions (TSXV:MOS) announced that its wholly owned Argentinian Subsidiary, MOBI724 S.R.L has signed a commerical agreement with MercadoLibre S.R.L.

Mobi724, a global fintech company offering a fully integrated suite of multiple payment card-linked, digital and business solutions said that the agreement lets Mobi724 to implement its suite of integrated card-link and loyalty solutions with MercadoLibre’s online payments platform.

As quoted in the press release:

MOBI724’s Card and QR Code Linked Offers & 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 Mercado Pago’s Prepaid Card, in a single transaction and in a seamless customer experience.

MOBI724’s Card and QR Code Linked Offers & 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 CEO 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.”

Click here for the full text release.