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Mobi724 to Implement Real-Time Loyalty Rewards Processing in Mexico at CorpoGAS Gas Stations & Go Mart Convenience Stores
March 15, 2021 7:59 AM EDT | Source: Mobi724 Global Solutions Inc.
Montreal, Quebec--(Newsfile Corp. - March 15, 2021) - Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of AI-enhanced payment card-linked incentives, announces that it has entered into 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 Administratión 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#
About Mobi724 Global Solutions Inc.
Mobi724 Global Solutions Inc. (TSXV: 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.
Legal Disclaimer
Mobi724 cautions investors that any forward-looking statements or projections made by Mobi724 are subject to risks and uncertainties, that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described under Item 'Risk Factors and Uncertainties' in the Company's Management Discussion and Analysis, available on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE DOES NOT CONSTITUTE A SOLICITATION TO BUY OR SELL ANY SECURITIES IN THE UNITED STATES AND IS NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Investor Relations:
For further information, please visit www.MOBI724.com or contact:
Marcel Vienneau, CEO
Mobi724 Global Solutions Inc.
T: 514-394-5200 ir@mobi724.com
Eli Rozhansky, Investor Relations Coordinator
Mobi724 Global Solutions Inc. T: 514-394-5200 ir@mobi724.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/77061