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Loop Insights unveils partnership with German digital wallet pass developer

Loop said the partnership with Passcreator will allow its clients to offer “unparalleled experiences to their customers”

Loop Insights Inc. - Loop Insights unveils partnership with German digital wallet pass developer
Passcreator offers software for mobile marketing in wallet apps on both iOS and Android devices

Loop Insights Inc (CVE:MTRX) revealed Wednesday that it has signed a memorandum of understanding (MOU) agreement with mediahelden GmbH (Passcreator), a German digital wallet pass developer.

Loop, which develops artificial intelligence (AI) to help brick and mortar retailers compete with their online counterparts, said the partnership with Passcreator will allow its clients to offer “unparalleled experiences to their customers”.

READ: Loop Insights to fast-track projects as it eyes great opportunities to provide contactless solutions in the post-coronavirus world

The company also said it is set to implement international projects in tourist hotspots such as Mexico, Indonesia, the USA, Canada, and most recently Japan in preparation for the 2021 Olympic Games.

“Passcreator provides Loop an agile multilingual product upgrade to support its extension into new markets”, the company said.

Passcreator offers its clients a Software-as-a -Service SaaS) solution for mobile marketing and is compatible with wallet apps on both iOS and Android devices.

In a statement, Loop chief executive Rob Anson said: “As we enter different verticals and move across geographical borders, we need a partner that is adaptable and can cater to our diverse set of clients. With Passcreator’s ability to manage up to 40 languages, and deliver innovative passes quickly and at scale, we are confident that it will support our global expansion without friction.”

“With Loop’s AI capacities, our wallet pass technology is brought to new levels. We are constantly seeking partnerships that are mutually enhancing. We look forward to driving innovation together”, added Passcreator CEO Mario C.G. Juhnke.

Contact the author at calum@proactiveinvestors.com

Follow him on Twitter @Cal_Proac

Quick facts: Loop Insights Inc.

Price: 0.395 CAD

TSX-V:MTRX
Market: TSX-V
Market Cap: $38.34 m
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