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Pioneering the Future of Loyalty Solutions: On-us Unveils Visa-Powered E-Voucher Solution at Singapore FinTech Festival 2024

Business

Pioneering the Future of Loyalty Solutions: On-us Unveils Visa-Powered E-Voucher Solution at Singapore FinTech Festival 2024
Business

Business

Pioneering the Future of Loyalty Solutions: On-us Unveils Visa-Powered E-Voucher Solution at Singapore FinTech Festival 2024

2024-11-06 14:00 Last Updated At:14:15

Upon its debut, the smart e-voucher solution, developed through a collaboration between On-us and Visa, is set to redefine non-cashback reward propositions and drive innovative customer engagement globally.

HONG KONG, SINGAPORE and TAIPEI, Nov. 6, 2024 /PRNewswire/ -- At On-us, we are proud to announce our collaboration with Visa, a global leader in digital payments in Singapore FinTech Festival 2024 (SFF), in developing a smart e-voucher solution that will enhance engagements with cardholders, especially for non-cashback reward propositions. The collaboration utilises the Visa Offers Platform (VOP) to deliver a cutting-edge solution, transforming loyalty programs and elevating customer engagement across the region.

This innovative solution simplifies rewards distribution and enhances loyalty campaigns, offering significant benefits for issuers, customers and merchants. By integrating with VOP, the solution enables seamless campaign enrolment with cardholders and automates transaction tracking for rewards campaigns, ensuring the right non-cashback rewards are issued to the right customers at the right time. It also streamlines campaign management with On-us' smart e-vouchers, that capture key campaign details and verify essential requirements, such as BIN code validation and minimum spend amount, on issuers' behalf. It eliminates extensive merchant training and manual eye-ball checking, lowering operation cost with our one-tap seamless touch approach. Moreover, merchants are paid immediately with virtual cards upon successful smart e-voucher redemption, boosting overall operational efficiency significantly and creating a smoother experience for all stakeholders.

"Followed our recognition as the only tech venture to win in the globally prestigious 2024 Visa Accelerator Program (APAC) 'Loyalty of the Future' category, we are thrilled to accelerate our solutions with the co-creation with Visa. By combining the powerful VOP with On-us' smart e-voucher technology, this collaboration sets a new benchmark for loyalty and rewards programs with global adaptability, driving customer loyalty that is more efficient, scalable, and rewarding for all. This solution can be tailored to different landscapes, like MICE, Exhibition, etc." said Dennis Shi, founder and CEO of On-us.

As the solution officially launched at the Singapore Fintech Festival, On-us and Visa are excited to continue pushing the boundaries of what loyalty programs can achieve. This collaboration is just the beginning of a transformative shift in customer engagement, On-us will continue to expand our global presence and explore new ways to deliver exceptional value amidst the evolving digital trends. Connect with us to discover how our solution can elevate your loyalty strategy and shape the future of rewards worldwide.

About On-us

On-us is a global B2B2C personalized e-voucher incentive platform leveraging FinTech and behavioral AI, designed to enhance consumer loyalty engagement and unlock maximum value for marketers, merchants and customers. Through omni-channel APIs and data-driven campaigns, we empower businesses to strengthen customer engagement while maximizing ROI. Trusted by financial services providers, people management teams, blue-chip property developers, non-profit organizations, and SMEs, our platform delivers sustainable sales growth and seamless integration, driving success across industries.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Pioneering the Future of Loyalty Solutions: On-us Unveils Visa-Powered E-Voucher Solution at Singapore FinTech Festival 2024

Pioneering the Future of Loyalty Solutions: On-us Unveils Visa-Powered E-Voucher Solution at Singapore FinTech Festival 2024

SINGAPORE, Nov. 6, 2024 /PRNewswire/ -- FOMO Pay Pte Ltd ("FOMO Pay"), a Singapore-headquartered major payment institution, has announced an agreement with BNY, a global financial services company, to streamline USD payments for corporate clients. BNY's global payments expertise will complement FOMO Pay's digital payment solutions to deliver robust cross-border payment and collection solutions.

With access to direct clearing via BNY, FOMO Pay will offer its clients an expanded range of efficient and secure payment options. The integration of BNY's global reach with FOMO Pay's innovative payment infrastructure, including QR code payment settlements and seamless multi-currency cross-border transactions, will help enhance the speed and safety of international payments for FOMO Pay's corporate clients.

Together, FOMO Pay and BNY will deliver value-added payment solutions that cater to the diverse needs of businesses in an increasingly connected, digital-first economy. This announcement recognizes FOMO Pay's dedication to fostering financial inclusion and growth across the APAC region and beyond.

About FOMO Pay

Founded in 2015, FOMO Pay Pte Ltd is a major payment institution licensed in Singapore and Hong Kong. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between fiat and digital currency. The firm offers its three flagship products:

Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.

About BNY

BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news. 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

FOMO Pay Taps into BNY's USD Clearing Services to Expand Digital Payment Capabilities Globally

FOMO Pay Taps into BNY's USD Clearing Services to Expand Digital Payment Capabilities Globally

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