Mobi724 (TSX-V: MOS) To Implement Real-Time Loyalty Rewards Processing In Mexico At CoprpoGAS Gas Stations & Go Mart Convenience Stores
MONTREAL, March 15, 2021 - Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (TSX-V: MOS), a fintech enabler of AI-enhanced payment card-linked incentives, announces that on March 11, 2021 it signed a commercial agreement (“Agreement”) with CORPORATIVO MEXICANO DE GASOLINERIAS, S.C (“CorpoGAS)”, a company that operates CorpoGAS gas stations & Go Mart convenience stores in Mexico, with an objective to implement real-time loyalty rewards processing for CorpoGAS’ existing loyalty program Puntada (“Puntada” or “Program”).
This Agreement marks Mobi724’s entrance in the high-volume fuel & retail sectors in Mexico, the second largest economy in Latin America. Under the Agreement, Mobi724 will integrate its card-linked incentives’ processing platform with Puntada’s operating systems thereby providing CorpoGas with a real-time communication channel to members of the Program (with currently over 400,000 members) and enabling Puntada’s members to redeem their rewards in a real-time and seamless manner. These innovations will facilitate rewards redemption and create an entirely new and personalized consumer experience at the point of purchase, thereby improving the profitability of the existing Program by increasing consumer engagement with the CorpoGas brand and driving more sales at CorpoGAS gas stations and at Go Mart stores.
CorpoGAS has been in operation since 1982 and is a rapidly growing company, currently operating over 250 gas stations and over 200 convenience (high-frequency retail) stores in Mexico.
Gerardo Desiderio Balcazar Cavero, Director de Administratin y Finanzas of CorpoGAS said: “Our philosophy is to be the best option for our clients for their convenience shopping, or fuel and car-servicing needs. We believe that Mobi724 will provide us with unique tools to help us achieve our mission of delivering rewarding & personalized services to our valued customers.”
Marcel Vienneau, CEO of Mobi724 said: “We’re excited to showcase the value we can bring to our clients, through a market leading company such as Corporativo Mexicano de Gasolinerias. This Agreement demonstrates the universal connectivity offered by our card-linked incentives processing platform, and a clear market need for our AI-enhanced portfolio of fintech solutions.”
About Corporativo Mexicano de Gasolinerias, S.C.
CorpoGAS is one of the leading fuel companies in Mexico, which owns & operates numerous gas stations since year 1982, offering fuels, associated products, and services. CorpoGAS also owns & operates a chain of convenience stores under a brand Go Mart, which started in 1984, and provides an accessible, fast and a comfortable way to shop. Puntada is a loyalty program owned and operated by CorpoGAS, which allows its members to accumulate and use reward points at CorpoGAS gas stations and at Go Mart stores. The program currently enrolls over 400,000 members.
To learn more about the Corporativo Mexicano de Gasolinerias, S.C., please visit their websites at: https://www.corpogas.com.mx/index.html#
https://gomart.com.mx/
https://www.puntada.com.mx/
About Mobi724 Global Solutions Inc.
Mobi724 Global Solutions Inc. (TSX-V: MOS) is a fintech company which provides a platform, that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. Mobi724’s objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences & generating incremental commercial opportunities to its clients.