Yes, even the incentive industry has its problems. In local markets, incentive companies are finding it harder to compete with retailers from a price and service point of view. As programs become more global, incentive companies find it harder to deliver these global solutions, stemming the birth of the revolutionary - LRG.
The solution, named Local Redemption Globally, known simply as LRG - solves these problems by creating a unique way of offering retail solutions to participants while retaining control over the process, user experience, and product offering. LRG allows clients the ability to offer a state of the art global solution that delivers value to the end participant and does not require an infrastructure investment - it’s efficient and cost-effective.
“There is no technology like this available anywhere in the world. It is a revolutionary solution, as it will simplify the entire global shopping experience. It is geography agnostic and can be used in any country in the world that has e-commerce retailers providing services to consumers” Jonathan Silver states, President and CEO of MyAXS. “Those who like to shop online like convenience; the idea is to make life simple, more convenient.”
LRG provides members of incentive and loyalty programs the ability to convert their program points into a local currency. This currency can then be used on any approved e-commerce website in a local market. This product allows retailers the ability to provide their customers with a simplified shopping experience, resulting in enhanced customer appreciation.
The user encounters a traditional e-commerce experience until they reach the payment portion of their transaction. At this point the user converts the exact amount of points required in the local currency, and LRG creates a site-specific payment method. The user receives their products from the e-commerce store as though a regular customer would, and is still able to use any discounts or coupon codes available and enjoy the benefits from any sales or promotions.
LRG will be formally announced in early January, with the first client launch anticipated for February 2014. But that’s not all to expect - MyAXS has more cutting-edge releases planned for the upcoming future. A sneak peek into the next release reveals that after LRG, we will see a mobile digital gift-card wallet that is able to convert incentive, and loyalty program points into a digital gift-card on the fly within a retail shopping experience.
For Additional information on MyAXS please visit www.myaxs.com
About MyAXS
Founded in 2008 and Headquartered in Toronto, MyAXS has become one of the fastest growing companies in Canada, with a growth rate of 100% each year for the past five years. MyAXS utilizes its proprietary, and revolutionary technology to help organizations that sell incentive and loyalty programs harness a rewards fulfillment solution. This innovative approach to rewards solves problems both in local and global markets.
Contact:
Jonathan Silver - President, CEO
jsilver@myaxs.ca
tel: 416.402.7725