CORRECTION : Announcement: Loyal Solutions chosen as technology provider to Mastercard Nordics

Loyal Solutions A/S collaborates with Mastercard in the Nordics to enable digital receipts for more convenience and sustainability.
CORRECTION is due to missing reference to MAR regulations, which is added in this corrected announcement

Loyal Solutions (NASDAQ: LOYAL (ISIN DK0061535507)  and Mastercard have the pleasure of announcing a new cooperation to enable digital receipts for cardholders, something that is becoming increasingly popular among Nordic consumers. The Danish IT company Loyal Solutions will be the technology partner and provider for the digital receipts, and the cooperation  will enable any Mastercard cardholder to receive digital receipts instead of paper ones, at any partner store, initially in the Nordic and Baltic markets.

Erik Gutwasser, divisional president for Mastercard in the Nordics and Baltics comments: “At Mastercard we always strive to create a better customer experience journey for cardholders. We know that digital receipts will add to this experience as they are both convenient and sustainable, and we’ve seen them drive great customer value and loyalty.”

The new cooperation on digital-receipts between Mastercard and Loyal Solutions builds on the existing successful corporation on loyalty programs across the globe. Mastercard will be able to provide digital receipt vendors with connectivity to all Mastercard cardholders in the Nordic and Baltic region, enabling them to offer their services in a timely and efficient manner.

Digital receipts merges sustainability with customer convenience in one seamless process, avoiding the hassle of paper receipts, creating a true win-win solution.

Peter Kisbye, CEO of Loyal Solutions, comments

"We are very excited about this new extensive cooperation with Mastercard. Being able to provide an important technology component to Mastercard enabling digital receipts is both interesting from a business perspective for our company and from an ESG perspective by participating in eliminating the waste that paper receipts represent, now that digital solutions are available.
The combination of a large global player and an innovative technology such as Loyal Solutions provides all stakeholders with the best of both worlds. We are very proud that Mastercard selected Loyal Solutions for this important project, and we look forward to presenting the first live solution in the Autumn.

Using our loyalty and payment SaaS platform LoyalTfacts® in new ways is of cause also interesting from a business perspective.  We are confident that the new segment will be interesting for our company and the digital-receipt option is also something we can offer our large clients within the loyalty industry.

It is to early to gauge the impact of the agreement on the financial results for the current fiscal year for our company. It is the managements view that this new business area will contribute positively over the coming years"
 

For further information about the company, please contact

Peter Kisbye, CEO
Phone: +45 21 28 69 60
E-mail: [email protected]
Website: www.loyalsolutions.eu

Certified Adviser
Svensk Kapitalmarknadsgranskning AB
Phone: +46 (0) 11 32 30 732
E-mail: [email protected]

This information is information that Loyal Solutions A/S is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person set out above for publication on July 9, 2021.
 

About Mastercard (NYSE: MA), www.mastercard.com Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.