UAE-based VoucherSkout's fintech solution will integrate with Smartphone giant's payment solutions
UAE-based startup VoucherSkout’s discount voucher platform has attracted interest from global smartphone giant Samsung.
Both companies have announced they are pairing up to introduce a digital savings service across the UAE called Samsung Pay Vouchers.
VoucherSkout’s service allows customers, through its app, to avail half off or buy-one-get-one-free offers at F&B and entertainment outlets across the country.
Customers pay to buy the vouchers as they use them instead of having to pay for an annual subscription to offers.
Until the partnership was announced, the startup had more than 45,000 users and 300 merchants across the UAE.
The new collaboration will see its offers integrated with digital payments platform Samsung Pay to offer 50% off discounts to customers using Samsung phones.
Founded by David Tobias in 2016, VoucherSkout’s service allows the companies it works with to increase revenue by growing awareness around their products and services.
With the new partnership, the startup will add 1.5 million Samsung Pay customers to its audience, it said in a statement.
“Samsung Pay Vouchers is the first tech collaboration of its kind between a UAE tech startup and a global mobile heavyweight. The opportunity is significant due to high smartphone penetration and a consumer market that is becoming increasingly value driven,” said Tobias.
“We are looking forward to announcing expansion plans into other markets in the near future.”