Business Daily Media

The Times Real Estate

.

Virgin Money Australia partners with Ascenda to deliver new loyalty programme later this year-PR Newswire APAC

  • Written by PR Newswire

SYDNEY, Sept. 29, 2020 /PRNewswire/ -- Ascenda, a global loyalty solutions company has been selected by Virgin Money Australia (part of the Bank of Queensland Group) to deliver market-leading reward capabilities within its newly announced digital bank.

Virgin Money Australia partners with Ascenda to deliver new loyalty program later this year. Virgin Money Australia partners with Ascenda to deliver new loyalty program later this year.

The partnership will leverage Ascenda's market leading technology to help launch a new loyalty programme that aims to reimagine the way customers are engaged and rewarded. Virgin Money Australia will look to reward customers for positive behaviours beyond transactional spend or upfront bonuses that traditional programmes focus on.

The new loyalty programme has been designed with Virgin Money Australia customers at the heart of the experience. A programme that will allow customers to earn points and unlock personalised offers, all from the palm of their hands anywhere in the world.

Virgin Money Australia customers will be rewarded on a wide range of everyday behaviours, like achieving their savings goals, staying within their spending target, shopping online or on purchases they make in store.

Mr Greg Boyle, Virgin Money Australia CEO said: "Australians are well aware of the value they deliver to the banks, but they don't believe this is reflected in the service they receive. Instead they feel unrecognised and undervalued. We're going to change that. We want our customers to feel recognised and rewarded every day they're with us. Recognising loyalty should go beyond typical upfront bonuses or transactional rewards. We want to share value with our customers, whether it's as they grow their relationship with us, to help them celebrate achieving their own financial goals, or to thank them for choosing us.

"Ascenda's cloud-based API and white label capability is key to helping us achieve this. It will allow us to offer our customers red-hot and relevant rewards across a broad range of day-to-day banking activities, behaviours and events," concluded Mr Boyle.

Sebastian Grobys, Ascenda's Chief Commercial Officer, added, "We're delighted to partner with Virgin Money Australia to help them bring to market a new and exciting loyalty proposition. With Ascenda's next-generation platform, Virgin Money Australia will benefit from speed-to-market, the flexibility to continuously innovate going forward, and operational efficiencies."

Ascenda has commenced implementation and is progressively deploying its technology across the project.

About Ascenda

Ascenda is a global provider of innovative loyalty solutions powering rewards propositions for leading financial services and travel brands worldwide.

Ascenda makes loyalty simple through solutions rooted in simplicity and beautiful design.  With deep market expertise, best-in-market technology and a rich global content network, Ascenda delivers fully digital, user-friendly and highly compelling rewards offerings that eliminate the trade-off between cost and customer value.

For more information about Ascenda, please visit www.ascendaloyalty.com[1].

Media Contact: Valerie Perridonvalerie.perridon@ascendaloyalty.com[2]

Photo - https://photos.prnasia.com/prnh/20200928/2930123-1?lang=0[3]

Read more https://www.prnasia.com/story/archive/3138200_AE38200_0

UNSW startup accelerator offers $200K to the next generation of Australian deeptech unicorns

UNSW Founders, Australia’s most recommended startup accelerator, has partnered with fund manager Luminary Partners to invest $200,000 each into 18...

The Future Is Now: AI Modernization Is Reshaping How Business Gets Done

The present business environment imposes stronger requirements on Australian organizations to match the fast-paced digital-first economy requireme...

Businesses losing an average of $493k from data integrity flaws

Managing data responsibly and effectively for the AI age can give organisations a strong competitive advantage, but many are failing to harness th...

AI shopping disruptor Zyft raises $7.5M to lead the next gen of retail tech

Zyft appoints new CEO, Richard Stevens, to lead the latest Waller Group success story, valued at $30 million SYDNEY, 28 April 2025: Zyft, the lea...

Little known law offers savvy Kiwis the opportunity to supercharge their retirement savings

A little-known legal amendment is being leveraged by savvy New Zealanders and expat Brits to supercharge their retirement savings. Not many peop...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Sell by LayBy