MOBI724 Signs a Commercial Agreement with MercadoLibre to Implement Its' Card-Linked Offers & Rewards Platform

MONTREAL, Sept. 26, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company, offering a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions announces that its wholly owned Argentinian subsidiary, MOBI724 S.R.L., signed a commercial agreement with MercadoLibre S.R.L. (“MercadoLibre”), Argentina’s largest online marketplace platform, to implement MOBI724’s suite of integrated Card-Link and Loyalty Solutions with MercadoLibre’s online payments platform, MercadoPago.

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.” 

About Mobi724 Global Solutions Inc.

“We enable smart transactions anywhere”

MOBI724, a global Fintech company, offers a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions, which work with any payment card, on any mobile device and at any Point of Sale; and a mobile EMV compliant payment platform. MOBI724 provides turn-key solutions for card associations, card issuers, banks, retailers, manufacturers, offer providers, to create, manage, deliver and track and measure incentive campaigns worldwide in real time. The company captures value from big data to deliver seamless and personalized user experiences for the benefits of all parties in the ecosystem. MOBI724 headquarters are in Montreal, Canada, and the company presently has operations in North and Latin America, the Caribbean and Asia Pacific.

About MercadoLibre

MercadoLibre is the largest online commerce ecosystem in Argentina. Its platform is designed to provide users with a complete portfolio of services to facilitate commercial transactions. Mercadolibre offers seven integrated e-commerce services: the MercadoLibre Marketplace, the MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre advertising program, the MercadoShops online webstores solution, the MercadoEnvíos shipping service and the MercadoCréditos loan program. MercadoLibre is a publicly traded company on NASDAQ exchange, with a market cap over US$14 Billion.

For further information, please visit www.MOBI724.com or contact:

Investor Relations:

Mr. George Aizpurua, Vice-President, Communications
First Canadian Capital Corp.
T: 647-500-2389/416-742-5600; E: gaizpurua@firstcanadiancapital.com

Mr. Marcel Vienneau
MOBI724 Global Solutions Inc.
Chief Executive Officer
T: 514-394-5200; E: IR@mobi724.com

More from Agricultural & Farming Products

All Topics