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Loylty Rewardz and Innoviti Payment Solutions Partner to Enable Customers to 'Pay by Points' at Offline StoresBENGALURU, India, Sept. 23, 2021 /PRNewswire/ --
Quotes: "We aim to provide immense value to customers by widening our reach across retail categories, offering accelerated rewards on spends and providing safe and convenient redemption choices," said Mr. Amresh Acharya, MD & CEO of Loylty Rewardz. "This partnership with Innoviti enables us to achieve this by extending our service to customers at prominent retail players in apparel, jewellery, F&B, lifestyle, groceries, electronics, and other categories - all the while engaging and educating them about the value of loyalty programs." "Consumers prefer reward programs that are relevant to them, offer them a choice, cash equivalence, and aspirational value. This is where Loylty Rewardz thrives as India's largest redemption platform," said Mr. Prasad Sonavane, Chief Revenue Officer, Partner Ecosystem Development, Innoviti. "Innoviti now makes it convenient for debit & credit cardholders from 20+ partner banks of Loylty Rewardz to earn and burn reward points at our partner merchant outlets across India, with an unmatched ease and simplicity," he added. About Loylty Rewardz Mngt. Pvt. Ltd., Mumbai, India Loylty Rewardz Mngt. Pvt. Ltd. is a wholly-owned subsidiary of the BillDesk Group and India's premier loyalty and customer engagement company. Loylty Rewardz has the expertise in developing and managing large-scale, turnkey loyalty solutions for banking and non-banking companies. Their clientele includes over 20 of India's prime banks and 50+ retail brands across categories of jewelry, apparel, F&B, grocery, and more. Since its inception in 2008, Loylty Rewardz specializes in the management and design of rewards programs and consumer relationships and customer retention strategy, retail analytics, data science capabilities, and insight-based targeted marketing. About Innoviti Payment Solutions Pvt. Ltd., Bangalore, India. Innoviti Payment Solutions Pvt. Ltd. is India's largest payment solutions provider to Enterprise merchants, with a 76% market share of all payments happening in this segment. It has been a pioneer in using technology to help businesses extract better value from retail transactions than anyone else. The company processes over 10B$ of merchant payments from over 1000+ cities with a volume throughput per installation 2X of the country's average. Bessemer Venture Partners, USA, FMO, Netherlands, and Catamaran Ventures, India are investors. The company has several patents filed for with two awarded. Innoviti won Mastercard's Innovation Wizards Award, Reliance's Most Promising Growth Consumer Finance Award and Deloitte Fastest Growing Companies in Asia award in 2020. Innoviti is the only Indian payments SaaS company to be awarded the coveted SOC3 seal of excellence for adherence to principles of trust in privacy, security, confidentiality, availability, and processing of transactions. Logo: https://mma.prnewswire.com/media/1041869/Innoviti_Logo.jpg |