PAYBACK, Germany's largest bonus program, further expands its partner portfolio: As of today, PENNY offers, as the first discount supermarket in the program, its customers to conveniently collect valuable PAYBACK points while shopping. Points are available in all 2,180 PENNY stores throughout Germany and, at a later time, clients will also be able to collect points when shopping online at www.penny.de. Points can be collected at PENNY with all PAYBACK cards orwith the new card in the PENNY Look. Just as convenient is the use of the PAYBACK app, whose PAY function is based on UMT technology. With the app, customers at PENNY can collect points, activate coupons and pay with their mobile phones.
"PENNY is a new highlight in the points world! Many of our 30 million customers in Germany have been waiting for the opportunity to collect points at PENNY as well," said Bernhard Brugger, CEO of PAYBACK and EVP Global Loyalty Coalition. "We are pleased that we have been able to win over PENNY with our digital and mobile services in particular and that the company can provide its customers with coupons and deals of particular relevance to them," noted Brugger.
With around 2,180 stores and 27,000 employees, PENNY reached EUR 7.4 billion in revenues in 2017 in Germany alone. Abroad, PENNY realized EUR 4.5 billion in revenues, with over 1,400 stores and 21,000 employees.
The PAYBACK app is among the most popular and most successful shopping apps in Germany, with 14.5 million downloads. For UMT United Mobility Technology AG, whose payment technology represents a major part of the PAYBACK app, the addition of the discount supermarket, a member of REWE Group, further strengthens its positioning as one of the leading mobile payment technology providers in Germany and Europe.
"The success of the PAYBACK app shows that the future lies in a user-friendly combination of payment applications and loyalty solutions over a wide acceptance area. It is for this reason that the PAYBACK app, with its bundle of services and availability in stores over a broad area, is far more relevant than the products of some big payment providers, which offer a payment function only. We are very pleased that PAYBACK PAY can now be used in all PENNY stores in Germany, effective immediately so that additional millions of customers can benefit from a practical and secure payment solution," stated Dr. Albert Wahl, CEO of UMT AG.