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NetCents Technology enters into pact with Powered by ZOMONGO

Through the ZOMONGO app, the NetCents Asset Management System will be the underlying technology to process all crypto currency transactions, giving merchants multiple new ways to engage with users

A generic representation of digital currency
NetCents is an online payment processor which offers consumers and merchants online services for managing electronic payments

NetCents Technology Inc (CSE:NC) said Tuesday that it has entered into an agreement with Powered by ZOMONGO, one of the fastest growing digital networks in North America.

Powered by Zomongo uses beacon technology to connect smart devices to its network of hotels, 22 major airports, more than 90,000 merchant locations. Zomongo is a digital out-of-home Network (DOOH) which uses digital display technology to communicate with its target audience in the US and Canada.

As part of this agreement, ZOMONGO will use the NetCents Asset Management System (AMS) to be the underlying technology that manages its new reward token, MONGOrewards. The integration of the NetCents AMS will allow ZOMONGO to offer MONGOrewards to its user-base and expand on that cost-effectively.

READ: NetCents kicks off formal application process to list on the OTCQB exchange

"Our ultimate goal has always been to be and provide the underlying technology that enables cryptocurrency transactions to become mainstream by working with innovative companies like ZOMONGO," said NetCents Technology CEO Clayton Moore in a statement.

MONGOrewards will debut this year during the Daytona Speedweeks with nearly 200,000 fans expected to attend the Daytona 500 on February 17, 2019. ZOMONGO will have a strong presence at the event, with its partnership with Norm Benning Racing.

As part of the MONGOrewards rollout, ZOMONGO will be rewarding Verge Currency users and merchants who sign up for a NetCents account through ZOMONGO to receive free MONGOrewards tokens.

"The ZOMONGO integration with NetCents is a natural one as it marries the NetCents Platform to ZOMONGO's powerhouse marketing efforts," said Jarrett Ostrowski, spokesperson for Powered by ZOMONGO.

Ostrowski said that through the ZOMONGO app, the NetCents AMS will be the “underlying technology to process all crypto transactions, giving merchants multiple new ways to engage with users, such as geo-linked rewards, access to exclusive events, augmented reality, and gamification.”

The company said the agreement is “the first step” of the partnership and presages how both companies will work to “bring ZOMONGO, NetCents, and crypto to the masses.”

Vancouver-based NetCents is an online payment processor which offers consumers and merchants online services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing blockchain technology.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive 

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Price: $0.48

Market: CSE
Market Cap: $22.19 m
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