Invigor secures WeChat Pay deployment in Singapore with Club 21

By Justin Ware. Published at Apr 10, 2019, in Technology

Data and analytics solutions company, Invigor Group Limited (ASX:IVO), has secured a multi-brand deployment of the WeChat Pay platform in Singapore.

The company has signed an agreement with Club 21, which is one of Asia’s leading luxury goods retailers.

A subsidiary of COMO Group, Club 21 has some 3,800 employees and 250 brands across nearly 400 stores in Australia, China, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan, Thailand, the United Kingdom and the United States.

The agreement is a major win for IVO, as it illustrates that leading brands with large brick and mortar networks are integrating with online payment and loyalty platforms (or online-to-offline commerce ‘O2O’) to drive an uptick in sales. IVO and Winning Group are now beginning to drive scale into their Loyalty and Payments operations across Asia.

IVO will work to integrate its proprietary Advertising and Loyalty technology offerings into the WeChat Pay platform targeting predominantly Chinese tourists, which will redeem offers when shopping at Club 21 stores in Singapore.

IVO will earn a share of transaction revenue from these payments, with the WeChat Pay Advertising and Loyalty offering to be rolled out to all 40 Club 21 stores in Singapore. These include the Four Seasons Hotel, the Hilton Hotel and others, plus brands represented by Club 21 including Armani Exchange and Calvin Klein.

IVO CEO Gary Cohen said, “This is without a doubt a major coup for Invigor Group and demonstrates the value of getting their O2O commerce strategy right, and that’s what our integrated WeChat Pay offering helps them achieve.

“It’s without doubt one of Invigor’s most promising developments to date. The roll-out to stores is now occurring and Invigor is also working on further developments with Club 21 including signing on more locations.

“Other major retailers outside of Club 21 are also being pursued and close to signing. The company will also explore future opportunities with Club 21 on new initiatives including Shopper Insights and customer relationship management (CRM) opportunities.”

About Invigor Group

Invigor Group is a B2B data solutions company that converts data into revenue for the retail and service industries.

IVO’s innovation in owned retail platforms and unique cross-channel data systems allows business to have a strong holistic view of their customers and competitive landscape to not only understand, but effectively engage with today’s consumers.

Combined with proprietary data and predictive engines, IVO provides strategic insights and recommendations that empower businesses to successfully influence future strategy and increase profitability.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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