What is WyzePay
Who are we and what do we do? More importantly, what do we want to achieve? Let us introduce the platform in this guide.
WyzePay is a next generation DeFi prepayment platform designed to power the retail industry. We’re the new payments player on the block and have big ambitions.
💸 Ever heard of Pay-Now-Buy-Later?
We all have our favourite bar, restaurant, bookstore and coffee shop which we visit weekly or even daily. By connecting our favourite high-street retailers with their most loyal customers and allowing customers to prepay for their favourite products at discounts, WyzePay resolves various issues in one go:
💰 Enables retailers to get advanced sales – and cash – from their most loyal customers
🙋 Locks-in existing customers and enables retailers to attract new ones. Customer retention is everything after all, is it not?
💲 Enables customers to get more of their favourite purchases for less
⚙️ How it works
Retailers register with WyzePay and set the prepayment parameters most suitable for their needs. e.g., Top-up a minimum of £50 and get 10% off. Once that’s done, the retailer becomes live on the WyzePay platform with their offer. We call it “Issuing a digital coin” 🪙
Customers then purchase the coins from their favourite retailer, making their money go further. Just Imagine: 4 beers for the price of 3 during an exciting World Cup match 🍻, or fancy a bottle of wine at a celebratory dinner at 20% discount 🍷? Or simply save monthly when having lunch at your restaurant? Just prepay in advance and make your money go further.
📱 A brand new and innovative customer retention solution
We get it, vouchers and loyalty cards are a familiar concept; easy but rarely used. Moreover, you don’t want to walk around with a wallet full of these vouchers or loyalty cards. Basically, they have their limitations.
With WyzePay, we’re imagining a world where businesses can get funded directly from their customers. Simply put, by issuing digital coins and having customers prepaying for their goods, businesses can lock-in sales, ensure an increase in purchase frequency, and a higher purchase value 🚀.
WyzePay Benefits:
🪪 Customers simply scan a QR code to pay
🎁 Fully transferable coins: customers can easily gift or transfer their coins to their friends on the app
📲 All your favourite retailers’ coins in one app on your phone
🍏 Coins can be purchased immediately on-the-go using a credit card or Apple & Google Pay
⏰ Take your time, coins don’t expire!
Just imagine a new kind of currency… A currency allowing you to buy anything from your favourite retailer. Issued at a discount, fully transferable to friends and family, and never expiring. A currency that can be bought online, held in digital wallets, and spent as you go. You would hold a basket of currency from retailers you buy from the most.
Retailers you prefer. Retailers that reward their customers for upfront commitment to spend. Your favourite things at discount 📈
📢 Stay tuned: we have much more coming!
As always. Be Wyze. Get more.
