The smart solution
for place-centred rewards
Mi Rewards is a revolutionary, place-centred loyalty programme that automatically rewards consumers for spending money at registered businesses. This innovative, easy-to-use programme encourages consumers to spend more in your town or city and simultaneously generates data and insights that will help you to understand your customers. Rewarding engaged consumers. Providing new insight through smart data.
For Consumers
The Mi Rewards programme will enable consumers to earn points for shopping at independent businesses. Once they have earned enough points, they can convert them into gift cards and spend them back with participating businesses. Consumers will also receive perks for being part of the programme. These could include discounted tickets for local attractions, VIP access to events and even random acts of kindness.
It’s that simple!
Receive one point for every £1 spent
Loyalty automatically tracked through the registered payment card when they make a purchase at your business
Linked to existing debit & credit cards
Convert points into local Gift Cards which can only be redeemed in participating businesses
Free and easy, no physical loyalty card required
Benefits for your Business
- Simple, straightforward set-up just a one-time registration
- No training required, no new hardware, no new processes
- Be part of the city loyalty programme that rewards consumers for shopping at local independent businesses
- Your business is automatically promoted via the Mi Rewards website and social media
- Automatically contribute data to help inform how the city is being used by consumers
- Continue to be able to accept the city Gift Card. Remember that typically consumers spend 30-40% more than the value of the gift card when they redeem them
How the data will be used to help benefit your business
- Increase understanding of how people use our city
- Assist with place planning and overarching improvements to the city centre
- Better understand the impact of planning marketing, events, parking and transport, and how this impacts spend in the city
- Provide additional opportunities to communicate with consumers
How much will it cost to be part of the programme?
For the first three months there will be no joining fee (after this it will be £100). No fixed monthly cost to be part of the programme. You pay 1% of the value of qualifying transactions – this funds the gift cards that the consumers earn which are spent back with you
£150k
Turnover
70% Card Payments
10% Take-Up
= £105k
1% Reward
= £10.5k
= £8.75 / month
£400k
Turnover
70% Card Payments
10% Take-Up
= £280k
1% Reward
= £28k
= £23.33 / month
£750k
Turnover
70% Card Payments
10% Take-Up
= £525k
1% Reward
= £52.5k
= £43.75 / month
In Summary
- No joining fee
- No training required, no new hardware, no new processes
- Pay only 1% of qualifying transactions – paid to consumers
- Everything else is automated
- Encourage consumers to spend more locally
Only businesses that are part of the loyalty programme will be able to continue to accept the town Gift Card.