Information technology player Mobecom Limited (ASX: MBM) inked a partnership agreement with an Australian TravelTech company, Leezair. The agreement is for integration of Leezair travel technology into Mobecom’s digital rewards and payment technology product named airBux.
Mobecom is a full-stack customer engagement technology provider that is driven by the mission to develop cutting edge digital technology solutions for businesses to engage with their customers. The company offers a wide range of direct-to-consumer as well as business-to-business products; however, its primary focus is to provide liquidity for digital assets through its two key product offerings: Paid by Coins and airBux.
airBux is a digital currency platform that provides mobile application offering directly to consumer with a cloud-based currency at its core. The proprietary technology of Mobecom, airBux offers ‘liquidity for loyalty’ through its dynamic global rewards and payment platform where consumers can make payments with cash, credit card, cryptocurrencies or airBux Cash and earn airBux CashBack Digital rewards.
This new partnership will enable Leezair’s travel content and technology capabilities to be leveraged within the airBux ecosystem that would allow the customers to browse, book and pay for travel by using highly secured and online payment methods coupled with airBux digital rewards.
Sean Smith, CEO airBux said, “With each airBux payment, aggregation, liquidity, ubiquity, convenience and reward are at the core of the airBux customer value proposition. This vision is greatly enhanced by Leezair partnership and an important step forward in the airBux roadmap in its quest to become a leading provider of 'rewards-and-payment-as-a-service'. In line with all airBux transactions, payments will result in customers earning airBux Cash, AUD denominated airBux rewards, earned with each transaction and added to the users aggregated airBux wallet.”
The company believes that the integration with Leezair will provide higher exposure to airBux double-sided marketplace across multiple industry verticals with access to over 1 million tours and activities in 182 countries. It is expected that the services under the partnership of airBux and Leezair will be live to airBux consumers towards the end of May 2019.
Established in 2015, Leezair is disrupting the travel industry with its innovative technology that allows on-the-go travellers to connect with tour and activity operators, experiences, and suppliers. An airBux feature of “when you want, where you want” well integrates with Leezair’s breakthrough technology that allows access from anywhere in the world.
airBux facilitates the concept of “Digital into Fiat” allowing consumers to use various forms of digital currency, including but not limited to loyalty points, cryptocurrency or coupons to pay for everyday needs.
The partnership would shape the future of tourism through financial technology innovations that would allow the consumers to purchase tours and experiences from global providers and pay for these experiences using both digital assets and traditional payment methods.
MBM is trading at $0.100 on 4 April 2019 (3:30 PM AEST). The stock has returned as massive as 488.24% yield over a period of five years.