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- Gratifii (GTI) shares have enjoyed a slight boost after announcing it would be offering real time Visa, Mastercard and EFTPOS access to its clients
- The company is set to integrate its platform with Open Sparkz’s application programming interface
- The move is aimed to offer a single front-end application in lieu of separate payments
- The exclusive agreement is for an initial five years with options to extend, with the integration set to be finalised in September
- Gratifii shares were up 7.14 per cent and trading at 3 cents
Gratifii (GTI) shares have enjoyed a slight boost after announcing it would be offering real time Visa, Mastercard and EFTPOS access to its clients.
The software company is partnering with Open Sparkz, in the hopes of providing more flexible access to customer-preferred loyalty programmes and generate potential customers and revenue opportunities.
Under the signed platform agreement, Gratifii’s Mosaic enterprise platform is set to be fully integrated with Open Sparkz’s application programming interface (API) driven platform.
The move is designed to grant its users to access their preferred loyalty programme via a single front-end application in lieu of separate membership cards, coupons or vouchers.
The exclusive agreement is for an initial five years with options to extend, with the integration set to be finalised in September.
Gratifii Executive Chairman Iain Dunstan commented on the partnership.
“It will open up new potential customers and revenue opportunities to complement our existing Mosaic platform,” he said.
“This agreement, together with the recent acquisition of Neat Ideas, completes the Mosaic platform and provides flexible and ubiquitous access to customer preferred loyalty programmes.”
In consideration for the deal, Gratiffi said it will pay Open Sparkz set up, licence and transaction fees on an ongoing basis, although the exact amount has not been disclosed.
Gratifii shares were up 7.14 per cent and trading at 3 cents at 3:26 pm AEST.
