DGAP-News: Maps.me / Key word(s): Alliance
Maps.me Announces New Cashback Partnership with Booking.com
2021-06-23 / 16:40
The issuer is solely responsible for the content of this announcement.
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Maps.me Announces New Cashback Partnership with Booking.com
Leading Offline Mapping Platform Launches Exciting New Reward Program
ZUG, SWITZERLAND / ACCESSWIRE / June 23, 2021 / Maps.me has announced a new partnership with Booking.com that will
enable users to earn cashback rewards in their Maps.me digital wallet. Users of the world's most popular offline
mapping tool will be able to earn up to 10% cashback when booking travel through a special integration of leading
digital travel platform Booking.com in the Maps.me app.
With the launch of MAPS Rewards, users will be able to earn cashback in US dollars to their Maps.me digital wallet when
they book accommodation with Booking.com in the Maps.me app. Initially, users who hold 30 MAPS Rewards will receive 3%
cashback on their stayed reservations with Booking.com. But, as their holdings of MAPS Rewards increase to 100 or 300,
they will unlock cashback rates of up to 7% and then up to 10%, respectively.
"This partnership with Booking.com offers great value to Maps.me users, "said Alex Grebnev, Co-Founder of Maps.Me.
"Maps.me already helps millions of users to find their way. Next, it will be delivering tangible benefits such as
loyalty rewards earned by participating in the platform and money in their pocket through cashback on purchases.
Through the Maps.me wallet they can also earn passive income on stored value - up to 8% by lending out balances that
are collateralized by highly liquid assets.
We look forward to creating new opportunities to deliver unique products and services and making them available to
Maps.me users soon."
"Partnering with Maps.me on their new cashback rewards program is a natural fit for us at Booking.com," said Mark van
der Linden, Senior Director of Partnerships at Booking.com. "As travel begins to open up and people start looking to
explore the world again, seamlessly connecting them with the amazing range of incredible places to stay on our platform
as they literally look to navigate their way through new destinations is a great opportunity. Whether they're looking
for a funky city apartment, a secluded vacation home in the countryside or a resort on the beach, we've got the stay
that's right for them."
The MAPS Rewards feature will be launched initially in selected markets in Europe and expanded in the future. In
addition to the cashback partnership with Booking.com, users who hold MAPS Rewards will eventually be able to receive
other discounts, with future rewards through other partners being able to be exchanged for cash, or to buy additional
products and services. In all, the goal is for users to be able to effectively save money and service financial needs,
and control when and how they want to use rewards they earn by using the platform.
"Our partnership with Booking.com is part of the next phase of our plans to ultimately embed a host of financial and
other services that can be delivered when and how our customers need them. We are leveraging technology to connect
consumers to real world DeFi applications that can enhance their financial lives. This is the first step in developing
a core architecture for the masses," said Viktor Mangazeev, co-Founder of Maps.me.
The stored value in Maps.me wallets will be kept in AAA-rated assets and held in a Swiss trust structure that is
administered by TMF Services, a regulated trust services provider in Switzerland. TMF is the largest corporate service
provider in the world, trusted by over 60% of Fortune 500 and FTSE 100 companies. Users enjoy this security as well as
the convenience of accessing these services via a platform they know and love - all for zero or low fees.^[1]
In March, Maps.me announced that it is adding next-generation financial capabilities to its platform, which was used by
more than 60 million people worldwide last year. Through the services that will be available via its digital wallet,
Maps.me aims to enrich people's lives by providing them with a simple, immediate, and inexpensive way to pay, transfer
across currencies, and earn passive income.
Maps.me 2.0 will enable users to:
- Earn yields of as much as 8% on stored value;
- Make payments via a linked credit card; and
- Transfer money instantly to friends and family globally and in 35 different currencies
Maps.me will soon be adding new features including eSIM connectivity, which will allow users to stay better connected.
With this feature, users will have greater convenience and managed connectivity when using Internet service in more
than 90 countries since they will be able to seamlessly switch mobile networks and no longer need to purchase prepaid
SIM cards when they travel.
About Maps.me
Maps.me is the world's leading off-line mapping application for travelers. Launched in 2011 it has been downloaded more
than 140 million times. More than 60 million users worldwide were active in 2020 planning and navigating their travels
and exploration in 195 countries. Maps.me users can download maps and be connected wherever they travel. An open-source
advocate, Maps.me users are a primary contributor to the OpenStreetMapping Project globally. Beginning in 2021, the app
will integrate financial services such as payment and currency exchange, telecom services including eSIM connectivity,
and cash back opportunities, discounts, and other rewards.
^[1]https://www.tmf-group.com/en/about-us/
Media contacts:
Asia:
Adam@CaliberCorporateAdvisers.com
+852 3569 2275
North America:
ScottK@CaliberCorporateAdvisers.com
+1 917 647 1810
SOURCE: Maps.me
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2021-06-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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June 23, 2021 10:40 ET (14:40 GMT)
