HyperJar adds Cashback Gift Cards to its spending wallet with Tillo
By Gloria Methri
London-based FinTech HyperJar is offering instant Cashback Gift Cards inside its spending wallet Partnering with Tillo, HyperJar will be the first spending app to integrate Cashback Gift Cards, giving its customers the option to earn a guaranteed instant cashback of up to 15% from over 50 top brands, straight into their wallets.
According to HyperJar CCO, Nicola Longfield, “This launch expands the scope of the gift card category and introduces genuine innovation. We are not just the first to integrate instant cashback gift cards with a spending account, we are the first to introduce ‘merchant cashback’. This means our customers can choose a higher rate on cashback that’s committed to a merchant.”
He added, “HyperJar’s unique point-of-sale rewards tech, combined with Tillo’s digital gift cards expertise, has delivered something exceptional both for merchant partners and our more than half a million customers.”
Using HyperJar Cashback Gift Cards will deliver significant rewards for typical shoppers. Examples include 13.50 instant cashback on a 300 Marks & Spencer gift card; 9.00 instant cashback on a 300 ASDA gift card; and 6 instant cashback on a 100 Primark gift card.
The Cashback Gift Cards can be used on top of most existing retailer loyalty cards, offers, and discounts, helping people stretch their spending money as far as possible.
Longfield said, “Until now this kind of cashback has been available only via employee benefit schemes and specialist sites, so we are delighted to be the very first digital wallet offering such significant savings to everyone who uses our free app. Getting back over 20 a month for a typical household – available instantly to spend or save – is a way to help millions battle inflation head-on.”
Tillo CEO and founder Alex Preece, said, “At Tillo, we are always pushing the envelope to expand the potential of digital gift cards beyond traditional uses and are thrilled to partner with HyperJar to help them bring instant cashback gift cards to life. This collaboration represents an industry-leading example for FinTech companies keen on finding new use cases for these cards beyond conventional gifting. Our API effortlessly manages and delivers digital gift cards from 2000+ global brands, with unprecedented access to powerful gift card discounts that can then be turned into enticing cashback offerings and more.”
IBSi Daily News Analysis
November 28, 2023
Cashback Gift Cards
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