New Q& A7 May 2021 21:06
Hi all,
Thanks all for your questions this week. Please find below the answered Q&As.
How will new merchants to the app be communicated, as and when they sign or for example on a monthly basis.
Mode merchant partnerships will be announced and will also be displayed within the app in a new section that will list the merchants we have signed as well as the offers/discounts/rewards they have going for Mode users.
How long does it take for Company “A” from point of contact of interest to be available on the app (When it’s launched obviously)
It depends on the size of the merchant, their technical set up and their internal sign-off processes. However, from our side, we are ensuring that the Integrated Payments Gateway we are developing is extremely simple and quick to integrate (a matter of days) onto most merchants' e-commerce checkout pages.
We also expect to achieve compatibility with some of the top e-commerce platforms that exist later this year, which will make the service delivery of Mode’s payments services even easier - at that point, adding Mode to any store’s check-out page will be a matter of a few clicks after signing up with Mode.
Will Mode use the data from the app as a marketing tool to ensure they are Market leaders and pioneers which in itself will encourage further merchants to sign.
I'm not sure I understand this question. Mode will leverage its power as an ecosystem and utilise data insights to target customers with personalised loyalty offers and rewards from merchants. That in turn should serve to showcase how successfully targeted loyalty campaigns can improve conversion rates, lead to higher sales for merchants and ultimately drive sign-ups for Mode.
Does Mode have any intention to look at main stream media for PR
Yes - We are in regular contact with journalists from mainstream publications where we've been previously covered including The Times, The Telegraph, Forbes, Yahoo finance etc.
When do we expect the OTC listing?
Application processing and approvals can take between 6 to 8 weeks. As soon as we are informed that our application has been successful, we will announce it via RNS.
With the OTC listing what PR is being done to maximise increasing trading volumes as this is the reason to list I believe?
We are preparing to participate and speak at a number of US investor-focused events over the coming months, including podcasts, articles and video interviews to raise awareness and increase tradability.
I hope the above Q&As have helped and provided clarity.
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