CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--Focusing on the over 83 million technology driven millennials and 78% of mobile phone users who would prefer to make retail payments directly from their mobile phone if they received rewards points, Dynamic Scrip proudly introduces “Dynamic Pay,” the most innovative mobile payment rewards program on the market today.
As one of the largest mobile payment retail networks in the country, Dynamic Pay offers up to 10% cash back to consumers for everyday purchases at over 200 national retailers spanning more than 300,000 locations around the U.S. And, since customers fund the mobile app with their favorite credit card, they still receive points from that card. Dynamic Pay also offers customers the ability to send digital gift cards instantly to friends and family, allowing them to earn even more rewards.
“We anticipate the mobile payment industry to grow exponentially in the next few years and are pleased to bring Dynamic Pay’s unique value proposition to consumers with our exciting rewards program,” says David Stanek, Dynamic’s CEO. “Unlike other rewards programs, we are especially proud to share a portion of every purchase with nationally recognized non-profits to help provide food, clothing, shelter and education to those in need, making our program the perfect balance between customer rewards and charitable contributions.”
According to industry experts including Deloitte and eMarketer, there will be a 210% growth in the total value of mobile payment transactions in 2016 -- up to $27.05 billion from $8.71 billion. In fact, Deloitte stated that 2015 was an inflection point for mobile payments.
“We’re fortunate to have built an innovative mobile payment platform in line with the exponential growth of consumer adoption. Our app stands out among the rest of the mobile payment industry because of our generous rewards program, unique e-gift platform, and our charitable contributions,” adds Stanek. “There is no doubt that mobile payments are the future of retail payments as they are far more convenient and safer than traditional checks, cash, debit and even credit cards.”
Dynamic Scrip, based in Cedar Rapids, Iowa was founded to assist non-profit organizations like schools and churches raise funds by marketing digital gift cards to their members and enabling donors the ability to make charitable contributions directly from their phone.
