Reward money is aimed at giving value to Verve card holders as they earn money back on their Verve cards each time they use thecards for payment on the Portal/POS at accredited merchant outlets.
So far, Reward Moneyhas over 100 merchants with 5 merchants located at the Palms shopping mall Lekki Lagos. Merchants at the Palms shopping mall and the percentage of Reward Money a Verve cardholder can earn forpurchasing items with aVerve card include Splendour (2.5%), The Soul-lounge ( 7.5%) , Twice as Nice (2.5%), Phenomenon (4.5%) , and Mobos ( 2.5%).
The ‘’Reward Money’’ on the verve card can then either be accumulated or can be instantly burnt (spent) by the verve card holder at the portal/POS of any Reward MoneyMerchant at will.
A merchant at the Palms Shopping Mall Bayo Haastrup , who is currently the General Manager of The Soul-lounge has been a ’Reward Money' merchant for about six (6) months affirmed his support for the use of electronic card systems ,and generally believes the ‘’Reward Money’’ initiative is a fantastic idea as it has the capacity to boost customer loyalty as well as promote the cashless policy.
In the last one month, Reward money has launched at the Ikeja Mall as well as Adeniran Ogunsanya Mall, Surulere. The Palms Mall launch was therefore no different, as several Verve cardholders where instantly rewarded with Gift vouchers of up to N10,000 for using their Verve card to pay. This promises to be just the beginning, as the Reward Money train debuts in several Malls Nationwide. So, keep shopping and watch out as the train comes to a mall close to you.
In order to be a Reward money merchant, a merchant must be able to give discounts to their customers with verve cards. For more information about Reward Money and the merchants currently on the scheme, visit www.myrewardmoney.com now.
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