VMob's McDonald's deal rolled out to South Korea

Wednesday 1st July 2015

VMob Group, the NZAX-listed mobile voucher developer, has rolled its global deal with fast-food chain McDonald's into South Korea, adding 400 stores to its targeted voucher system.

The Auckland-based company has already launched its platform with McDonald's chains in the US, Japan, Sweden and Japan, though the terms of the deal are confidential, it said in a statement. VMob's platform is now processing up to 7,500 mobile activities a second, up from 6,800 transactions in May.

The company's system integrates with customers' smartphones to collect and store data to help retailers target loyalty programmes, and has signed deals with convenience store company 7-Eleven and US brewery Anheuser-Busch as well as McDonald's.

In February, VMob entered into a global deal with McDonald's giving the firm access to the fast-food chain's 119 markets, including an immediate roll-out in the US.

VMob's shares fell 2.9 percent to 33 cents, and have declined 2.9 percent this year.

BusinessDesk.co.nz

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