Prosper
Driving loyalty with a reward platform
Summary
Prosper² is a global business club providing a loyalty scheme for over 3000 business users to get access to market leading products, services exclusively aimed for the SME market and access exclusive offers and rewards at 1200 retail outlets. Prosper² looked towards Pannovate to help them develop an innovative rewards platform to support their unique business model in enabling Prosper² Rewards to gives their members the ability to spend their rewards whenever and wherever they see fit, and where Mastercard is accepted.
The challenge
Prosper² wanted a robust reward platform delivered within 4 weeks that would provide its members with an innovative rewards program linked to a prepaid Mastercard. The rewards platform would offer its members the ability to redeem their points to the card and spend world-wide wherever Mastercard was accepted, compared to traditional rewards programs that only let you redeem the points in-house and the customer spend is very limited. (e.g. airmiles can only be redeemed with the issuing airline for future flights.
A Rewards Program with Freedom
A Business Club for Like-Minded people
The solution
To meet Prosper²'s needs for features, functionality, and rapid delivery, Pannovate leveraged its Launchpad solution. This agile, readily deployable platform offers a single application with core functions and customizable modules, enabling a compelling market-leading value proposition. Utilizing a modular approach, Prosper² achieved concept to delivery in just four weeks. Launchpad integrates multiple suppliers through a single interface, reducing time and cost to market while providing ongoing updates and new features. Users can exchange scheme points to GBP/EUR/USD, access card controls, view currency balances, and download transaction history, all in a multi-currency format that supports Prosper²'s global operations.
Results
Prosper² successfully launched its innovative rewards platform in just four weeks, delivering a unique solution that allows members to spend their rewards anywhere Mastercard is accepted worldwide. The platform's multi-currency support and real-time transaction capabilities have enabled Prosper² to provide its 3000+ business members with unprecedented flexibility in redeeming and spending their rewards. This has positioned Prosper² as a market leader in business loyalty programs, offering a compelling alternative to traditional, limited redemption schemes.
Case Study
Driving loyalty with a reward platform
