HyperJar, the London-based FinTech and UK’s top-rated digital wallet1, is adding instant Cashback Gift Cards to its extensive feature set.
Partnering with Tillo, the world’s fastest-growing digital gift card network, HyperJar will be the first spending app to integrate Cashback Gift Cards, giving its customers the option to earn instant cashback of up to 15% from over 50 top brands, straight into their wallets.
HyperJar CCO, Nicola Longfield, says: “This launch expands the scope of the gift card category and introduces genuine innovation. We’re not just the first to integrate instant cashback gift cards with a spending account, we’re the first to introduce ‘merchant cashback’: our customers can choose a higher rate on cashback that’s committed to a merchant. HyperJar’s unique point-of-sale rewards tech, combined with Tillo’s digital gift cards expertise, has delivered something exceptional both for merchant partners and our more than half a million customers. Brands get a new loyalty mechanic that we have shown drives incremental growth, and consumers get more meaningful rewards. It aligns perfectly with our mission to help people manage their money better and make their budgets go a lot further.”
Tillo CEO and founder, Alex Preece, says: "At Tillo, we're always pushing the envelope to expand the potential of digital gift cards beyond traditional uses and are thrilled to partner with HyperJar to help them bring instant cashback gift cards to life. This collaboration represents an industry-leading example for FinTech companies keen on finding new use cases for these cards beyond conventional gifting. Our API effortlessly manages and delivers digital gift cards from 2000+ global brands, with unprecedented access to powerful gift card discounts that can then be turned into enticing cashback offerings and more.”
Using HyperJar Cashback Gift Cards will deliver significant rewards for typical shoppers. Examples include £13.50 instant cashback on a £300 Marks & Spencer gift card (4.5%); £9.00 instant cashback on a £300 ASDA gift card; and £6 instant cashback on a £100 Primark gift card (6%).
HyperJar Cashback Gift Cards can be used on top of most existing retailer loyalty cards, offers and discounts, helping people stretch their spending money as far as possible.
Nicola Longfield continues: “Until now this kind of cashback has been available only via employee benefit schemes and specialist sites, so we’re delighted to be the very first digital wallet offering such significant savings to everyone who uses our free app. Giving back around £30 a month to a typical household - available instantly to spend or save - is a way to help millions battle inflation head on, and make our budgets go further.”