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.
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.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances. 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.
For further information, please visit www.MOBI724.com or contact:
Mr. George Aizpurua, Vice-President, Communications
First Canadian Capital Corp.
T: 647-500-2389/416-742-5600; E: firstname.lastname@example.org
Mr. Marcel Vienneau
MOBI724 Global Solutions Inc.
Chief Executive Officer
T: 514-394-5200; E: IR@mobi724.com
Released September 26, 2018