This way you can save more than $40,000 per month

Banks have stepped up their marketing strategies by offering discounts on event tickets, purchases on e-commerce platforms and, most commonly, in supermarkets. Virtual wallets have also emerged with additional benefits, and in this note we explore how the two can effectively complement each other.

Nowadays, it is common to forget objects such as keys, cards, the SUBE card or even your wallet, but the mobile phone is rarely left behind. Recognizing this trend, the developers of MODE They created an application that brings together various banking entities, allowing users to send and receive money directly from their mobile devices.

Recently, Preserve has implemented a strategy to encourage its customers to save, offering a discount when paying using MODO together with a credit, debit or prepaid card issued by their bank.

The Coto cashback promotion, facilitated by MODO, is available every Friday and has a maximum withdrawal limit of $10,000 per bank. This implies that consumers can use cards from different banks to increase their savings significantly. The promotion began on May 31 and will be valid until July 31, 2024.

Coto and Modo join forces: these are the participating banks and the details of the promotion

The benefit is available at affiliated stores. Preserve and is aimed at clients of the following banks:

  • Banco Ciudad and its Buepp wallet
  • Galicia Bank
  • Macro Bank
  • Santander Bank
  • hipotecary Banc
  • Credicoop Bank
  • Comafi Bank
  • ICBC Bank and its YOY ​​wallet
  • Supervielle Bank
  • Current Bank
  • Banco Córdoba
  • Santa Fe Bank
  • San Juan Bank
  • Santa Cruz Bank
  • Entre Ríos Bank

To access the discount, the process is simple: when you arrive at the checkout, you must start payment using the MODO app or the bank app, scan the QR code and select the card previously associated with MODO to carry out the transaction. It is important that the payment is not made from the account balance, but rather using a debit, credit or prepaid card from the aforementioned entities.

This benefit can be combined with other existing promotions. As for refunds, these will be deposited in the bank account selected for the purchase “within a maximum period of 30 days from the completion of the transaction.”

Following the strategic alliance between Coto and MODO, consumers will now be able to benefit from a 30% refund on their purchases

Benefits and adaptability of virtual wallets

Virtual wallets like MODE They not only facilitate transactions, but also offer a practical solution in a world where mobile use is constant.

The integration of several banking entities in a single application simplifies the user financial managementallowing you to take full advantage of the benefits offered by each bank.

For example, by using MODO, consumers do not need to carry multiple physical cards, thus reducing the risk of loss or theft.

Furthermore, the use of QR codes for payments streamlines point-of-sale transactions, resulting in a faster and more efficient shopping experience.

The impact on consumer behavior

The collaboration between Preserve and MODE reflects a shift in consumer behavior towards the adoption of mobile technologies for financial management.

These types of promotions not only attract existing customers, but also have the potential to attract new users who seek convenience and savings.

The success of these initiatives depends largely on the ability of consumers to adapt to new technologies and the education provided by financial institutions and businesses to facilitate this transition.

Information campaigns and tutorials on the use of applications such as MODE are crucial to maximizing user engagement.

Coto partners with MODO: this way you can save more than $40,000 per month in refunds

Future of bank promotions and virtual wallets

The increasing use of virtual wallets and banking promotions targeting mobile devices suggest a trend toward greater digitalization of financial services. Alliances between businesses and digital payment platforms are shaping a new landscape in which convenience and savings are essential for consumers.

As more banks and businesses join this trend, we are likely to see a proliferation of offers and promotions designed specifically for virtual wallet users. This will not only encourage the adoption of these technologies, but will also drive competition among financial institutions to offer better benefits and services to their clients.

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