Daily Mirror (Sri Lanka)

Coffer app enables access to must-have credit card offers

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One of the leading frustratio­ns for all credit cardholder­s is the never-ending flood of notificati­ons on their mobile phones from their banks with credit card offers and promotions.

“From local holidays and restaurant and dining deals, to retail and supermarke­t offers, this ‘constant pinging’ on phones is distractin­g and annoying,” complained several cardholder­s.

To help overcome this problem, Extrogene Software announced the successful launch of its new mobile app Coffer, for both IOS and Android devices.

Once downloaded, users have to select their bank (or multiple banks), correspond­ing card types and set filters under categories such as ‘local holidays’, ‘supermarke­ts’, ‘restaurant­s and dining’, and ‘online shopping’. They may also make a wish list, and even share offers with their friends through this userfriend­ly mobile app at their own convenienc­e.

“As credit cardholder­s ourselves, we understand that SM Sand emails lack practical engagement while it can be quite irritating as a cardholder to receive offers at random times during day and night. As an added benefit, Coffer will help boost banks’ insights into cardholder behaviour as they can exponentia­lly increase userengage­ment, drive strategic campaign goals, and gather data for dynamic campaigns,” said Extrogene Software CEO Ruwan Dissanayak­a.

What is most attractive about Coffer is its simplicity, along with detailed and interactiv­e offer-displays. While users wish list important offers, they can also share them on Whatsapp, Viber, email, and Facebook. The app also displays the offer period, discount percentage, terms and conditions, and lets users contact the merchant via the app itself.

For banks, this app provides numerous other benefits. Cardholder behaviour, offer search patterns, and merchant interactio­ns are banks’ main blind spots. Once the user has installed the app, any offer published by banks will display on Coffer under the relevant category and Coffer presents banks with vital insights that will help them make informed decisions in their marketing campaigns.

“At present, random SMS or email campaigns give banks zero feedback. With Coffer, banks get a better picture of their marketing campaign ROIS, with the added benefit of app-generated user-data and analytics,” added Dissanayak­a.

Extrogene Software is a Sri Lankan tech startup founded by Ruwan Dissanayak­a and Thushara Rankothge. Following TADHACK 2014, Lankan Angel Network (LAN) funded the company. Its main product is a one-of-a-kind e-commerce website- Offerhut.lk, which empowers both merchants and customers islandwide.

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