- Mobi724 Global Solutions (MOS) has signed an integration and collaboration with Promoción y Operación S.A. de C.V. (Prosa), a leading payment solutions provider in Mexico
- Mobi724 Mexico will be provided with real-time visibility on qualified credit, debit, and prepaid card transactions processed by Prosa at physical points of sale, online portals, and ATM locations
- Mobi724 is a fintech company which enables banks and merchants to offer their customers real-time payment card-linked incentives in a white-label format
- Mobi724 Global Solutions Inc. (MOS) is up 25.00 per cent on the day, trading at $0.05 per share
Mobi724 Global Solutions (MOS) has signed an agreement with Promoción y Operación S.A. de C.V. (Prosa), a leading payment solutions provider in Mexico.
Under the terms of the agreement, Mobi724 will offer its card-linked offers and rewards platform to Prosa’s clients.
Mobi724 and Prosa believe that the deployment of the company’s platform across Mexico will generate incremental transactions and drive sales for Prosa’s clients, generating revenue and value for both parties and for shareholders.
Marcel Vienneau, CEO of Mobi724, commented,
“This agreement is a very important milestone on the pathway to commercializing Mobi724’s Platform and expanding our cross-border capabilities.”
Initially, Mobi724 Mexico will be provided with real-time visibility on qualified credit, debit, and prepaid card transactions processed by Prosa at physical points of sale, online portals, and ATM locations.
The company will also offer its platform to banks and other card-issuers to generate revenues on real-time transactions.
Jeok Cruz, Prosa’s deputy director of sales and marketing, remarked,
“One of our corporate strategic objectives is to take Prosa to the next level of innovation as a mean of promoting digital payments and financial inclusion. Mobi724 helps us achieve this objective by aiming to generate more added value in everyday digital transactions, making digital payments more attractive for Mexicans, and creating new revenue opportunities for issuers and merchants.”
The collaboration will focus on offering new and compelling consumer incentives and will comply with all applicable data protection and privacy laws in Mexico.
Mobi724 is a fintech company that enables banks and merchants to offer their customers real-time payment card-linked incentives in a white-label format.
Mobi724 Global Solutions Inc. (MOS) is up 25.00 per cent on the day, trading at $0.05 per share as of 2:59 pm ET.