PennyPinch Inc., an award winning St. Lucia based financial technology startup, is making strides towards launching a powerful mobile application which enables shoppers to earn instant cash back, redeem exclusive discounts at participating merchants, and operate a digital wallet. Penny Pinch is excited to announce that 1st National Bank will be providing the back end financial services for the application and this partnership completes a full local tech development and services team. Penny Pinch Inc. is licensed under the MoneyServices Business Act and is regulated by the Financial ServicesRegulatoryAuthority in St. Lucia.
By using Penny Pinch's digital wallet, customers will be able to pay for goods and services using their smartphone devices and will also be able to load their wallets using their debit/credit cards and by building up cash-back rewards.Penny Pinch also offers merchants a free, user friendly interface which empowers them to select their cash-back percentages, coupon discount percentages and terms, and various other rewards for customers. The merchant interface also provides valuable real time analytics in graph andreportformats which assists merchants in gaining a much deeper understanding of their customers. Additionally, Penny Pinch will roll out further convenience service such as bill payments and mobile top-ups.
"TheCaribbean needs to be more innovative in providing financial products and encouraging cashless payments to be more widely used.When I approached 1stNational Bank, they looked forward to establishing a relationship that will help launch and expand the regions technology capacity in payment services. Asa young entrepreneur looking to help build Saint Lucia’s technological capacity, I would encourage others alike to choose 1st National Bank as their banking partner because they understand what it takes to build the next generation of businesses that will move this economy in step with the rest of the world” says Penny Pinch founder and CEO, Martin Hanna.
Merchants are encouraged to join the movement to engage customers and offer a world class digital discount, rewards, and payment platform. Penny Pinch aims to launch with 50+ reputable merchants island wide.Merchants who are interested in finding out more can contact Penny Pinch at17587140796. or Martin@mypennypinch.com
The Penny Pinch mobile application is available for pre-order by searching ‘PennyPinch’ on their mobile app store on Android or iPhone or by using the following link: l.ead.me/bayhp0
