Quotient Announces U.S. Launch of Shopmium Cash-Back App to Enable Brands to Engage and Influence Consumers

Rhea-AI Summary

Quotient (NYSE: QUOT) has launched the Shopmium app in the U.S., a leading grocery savings platform originating from Europe, designed to offer consumers cashback and brand discovery while shopping. The app allows users to photograph receipts for instant cashback through PayPal, with no payout thresholds. Amid inflation, it provides shoppers greater savings control. Brands benefit from consumer insights and increased product trials. Quotient emphasizes that Shopmium will enhance consumer-brand relationships and drive sales in the competitive U.S. market.

Positive

• Successful launch of Shopmium app in the U.S. market, broadening customer engagement.
• No payout threshold for cashback, enhancing user experience.
• App facilitates both online and offline shopping savings, appealing to price-sensitive consumers.
• Retailers and brands can gain valuable insights and measure sales through effective promotions.

Negative

• None.

Direct-to-consumer app combines seamless consumer experience with proprietary technology to increase brand trial and loyalty and facilitate measurable online and offline shopper interactions.

SALT LAKE CITY--(BUSINESS WIRE)-- Quotient (NYSE: QUOT), the leading digital promotions and media technology company, today announced the U.S. launch of the highly successful European Shopmium app to deliver savings and brand discovery to consumers, all in a single, convenient experience. Part of the Quotient Promotions Network, Shopmium is the leading grocery savings app¹ in France, where the product originated, and is also available in the United Kingdom and Belgium.

The U.S. Shopmium app launch comes as consumers continue to battle inflationary pressures, with many rethinking the brands and products they buy and seeking more control over how they save and shop. Shopmium offers consumers a premium experience for earning cash back on the things they buy every day, giving them more flexibility, information and savings to make informed decisions that help stretch their dollars. With no threshold for payout and offers available anywhere in the U.S. (with proof of purchase and subject to offer terms and conditions), the app offers an easy and convenient consumer experience; shoppers simply buy the featured product online or in-store, take a picture of the receipt, and receive cash back paid into their PayPal account.

With media that proactively surfaces new brands and products to consumers as they browse for savings, the Shopmium app offers the unique ability to discover alternative products and then dive into available offers.

For brands, Shopmium will offer an engaged audience to introduce new products, drive trial and loyalty, gain valuable consumer insights, and generate measurable sales, all while benefitting from Quotient’s advanced anti-stacking technology that prevents multiple offers from being redeemed for the same product at one time. With engaging media ads built directly into the app, Shopmium gives advertisers a unique opportunity to communicate their brand message via media while delivering valuable savings via promotions, to drive incremental revenue.

“Consumers have responded to inflation-related price pressures by seeking value and savings more than ever,” said Quotient CEO Matt Krepsik. “This exciting U.S. launch of Shopmium offers American consumers an interactive platform to discover products and earn cash back, while brands and retailers can grow their consumer relationships through new, revenue-driving touchpoints and powerful audience insights.”

Shopmium’s ability to reduce customer acquisition costs, elevate consumer retention and improve the shopper experience has resulted in high ratings from both consumers and CPG buyers in the European market.

“Shopmium’s popularity with consumers and effectiveness for advertisers has been proven in the European market,” said Jon Beill, Global Managing Director for Shopmium. “With globally recognized brands and millions of consumers already on the platform, Shopmium has proven success across stakeholders and we could not be more excited to bring the tried and trusted Shopmium brand to the U.S. to deliver a truly unmatched shopping experience to a new user base.”

The Shopmium app is available in the Apple App Store and Google Play Store.

For more information visit www.shopmium.com/us.

1 Mediametrie/NetRatings - Audience Internet Global - October 2021

About Quotient

Quotient (NYSE: QUOT) is the leading digital promotions and media technology company that creates cohesive omnichannel brand-building and sales-driving opportunities to deliver valuable outcomes for advertisers, retailers and consumers. The Quotient platform is powered by exclusive consumer spending data, location intelligence and purchase intent data to reach millions of shoppers daily and deliver measurable, incremental sales.

Quotient partners with leading advertisers, publishers and retailers, including Clorox, Procter & Gamble, General Mills, Unilever, CVS, Dollar General and Peapod Digital Labs, a company of Ahold Delhaize USA. Quotient is headquartered in Salt Lake City, Utah, and has offices across the U.S. as well as in Bangalore, Paris, London and Tel Aviv. For more information visit www.quotient.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221026005305/en/

5W on behalf of Quotient

Sarah Shaev

sshaev@5wpr.com

quotient@5wpr.com

Source: Quotient

FAQ

What is the Shopmium app launched by Quotient?

The Shopmium app is a grocery savings platform that offers cashback and product discovery for U.S. consumers, allowing them to photograph receipts for immediate cashback.

When did Quotient launch the Shopmium app in the U.S.?

Quotient launched the Shopmium app in the U.S. on October 26, 2022.

How does the Shopmium app benefit brands?

The Shopmium app provides brands with consumer insights, increases product trials, and helps to drive sales while allowing targeted promotions.

Is there a payout threshold for using the Shopmium app?

No, the Shopmium app has no payout threshold for cashback, offering immediate rewards for consumers.

What are the features of the Shopmium app?

Features include cashback offers, online and offline shopping options, and the ability to discover new products while shopping.